Ms. Eira Thomas reports

LUCARA RECOVERS 9.74 CARAT GEM QUALITY BLUE DIAMOND AND 4.13 CARAT GEM QUALITY PINK DIAMOND

Lucara Diamond Corp. has recovered an exceptional blue, 9.74-carat gem-quality diamond and a 4.13-carat pink gem-quality diamond from direct milling of South Lobe ore from its 100-per-cent-owned Karowe diamond mine located in Botswana. This follows the recent sale of a 2.24-carat blue which sold for $347,222 (U.S.) per carat and other historic coloured diamonds that have been recovered from Karowe in the past, including the 9.46-caret Aven blue which sold for $477,000 (U.S.) per carat in 2012.

Eira Thomas, Lucara's chief executive officer, commented: "Lucara is extremely pleased with the recovery of these rare, sizable, fancy coloured diamonds, which have the potential to contribute meaningful value to our regular production of large, high-value type IIa diamonds. We look forward to offering these diamonds in our fourth quarter tender to be held in December, 2019."

This press release has been reviewed and approved by Dr. John Armstrong, PhD, PGeol, vice-president of technical services of the company and a qualified person for the purposes of National Instrument 43-101.

About Lucara Diamond Corp.

Lucara is a leading independent producer of large exceptional-quality type IIa diamonds from its 100-per-cent-owned Karowe mine in Botswana. The company has an experienced board and management team with extensive diamond development and operations expertise.

We seek Safe Harbor.