Ms. Eira Thomas reports

LUCARA REPORTS VOTING RESULTS FROM ANNUAL MEETING

Lucara Diamond Corp. held its annual general and special meeting of shareholders in Toronto, Ont., today. Shareholders voted as follows on the matters before the meeting.

Board members

Shareholders elected the following seven board members with shareholders represented at the meeting voting in favour of individual directors as shown in the attached table.

Appointment of auditor

Shareholders reappointed PricewaterhouseCoopers LLP as Lucara's auditor with 95.77 per cent of shareholders voting in favour.

Ordinary resolutions to share unit and stock option plan amendments

Shareholders passed an ordinary resolution to approve certain amendments to the company's share unit plan, including, amongst other amendments, setting the maximum number of common shares reserved for issuance under the share unit plan to 17 million. This resolution passed with 95.81 per cent of votes cast in favour.

Shareholders passed an ordinary resolution to approve certain amendments to the company's deferred share unit plan, with 99.62 per cent voting in favour.

Shareholders passed an ordinary resolution to approve the continuation of the company's stock option plan, including certain amendments thereto and the unallocated entitlements thereunder, and to ratify the issuance of certain stock options previously granted by the company, with 95.83 per cent voting in favour.

Advisory resolution on executive compensation

Management's approach to executive compensation, also disclosed in Lucara's management proxy circular dated April 4, 2023, was approved with 97.19 per cent of shares represented at the meeting voting in favour.

Following the meeting, Paul Conibear will continue to serve as chairman of the board.

About Lucara Diamond Corp.

Lucara is a leading independent producer of large exceptional-quality Type 2a diamonds from its 100-per-cent-owned Karowe diamond mine in Botswana. The Karowe mine has been in production since 2012 and is the focus of the company's operations and development activities. Clara, a wholly owned subsidiary of Lucara, has developed a secure, digital sales platform that uses proprietary analytics, together with cloud and blockchain technologies, to modernize the existing diamond supply chain, driving efficiencies, unlocking value and ensuring diamond provenance from mine to finger. Lucara has an experienced board and management team with extensive diamond development and operations expertise. Lucara and its subsidiaries operate transparently and in accordance with international best practices in the areas of sustainability, health and safety, environment, and community relations.