Mr. David Hodge reports

PRIMA DIAMOND CORP. COMPLETES SHARE CONSOLIDATION; NAME CHANGE TO VOLTAIC MINERALS CORP.

Further to Prima Diamond Corp.'s news release dated Feb. 18, 2016, the TSX Venture Exchange has approved the change of name to Voltaic Minerals Corp. and the consolidation of the common shares of the company on the basis of five preconsolidation shares for one postconsolidation share. The name change and consolidation will become effective at the opening of the market on April 14, 2016, under the new symbol VLT.

Currently, a total of 32,573,500 shares are issued and outstanding. Accordingly, upon the consolidation becoming effective, a total of 6,514,700 shares, subject to adjustments for rounding, will be issued and outstanding. There is no maximum number of authorized shares.

Computershare Investor Services Inc. will mail letters of transmittal to the shareholders, providing instructions on exchanging preconsolidation share certificates for postconsolidation share certificates. Shareholders are encouraged to send their share certificates, together with their letter of transmittal, to Computershare in accordance with the instructions in the letter of transmittal.