Mr. Yari Nieken reports

MARGARET LAKE DIAMONDS ANNOUNCES BOARD CHANGE

Margaret Lake Diamonds Inc.'s Geoff Hampson has won an election to become a director of the company, filling a vacancy on the board of directors.

Mr. Hampson is a seasoned and proven entrepreneur with over 40 years of experience in starting businesses in the construction, manufacturing, technology and mining sectors. He has also served on the board of directors of many TSX-Venture-Exchange-listed issuers. He is the founder and executive chairman of Soma Gold Corp., a producing gold miner in Colombia; and chief executive officer of both Infracon Construction Group, a heavy civil and pipeline contractor based in British Columbia, and Fibrox Technology, a producer of mineral fibre. He was also formerly the chief executive officer of Peer 1 Network, Novocon International and Corelink Data Centers. Mr. Hampson has been an active venture capital investor in many other start up or early stage companies as well as having participated in over 27 M&A (mergers and acquisitions) transactions with a total value of over $700-million. Mr. Hampson was an early investor in Margaret Lake and has been a shareholder since 2007.

Yari Nieken, president and chief executive officer, stated: "We are thrilled to welcome Geoff Hampson to the board of Margaret Lake. He has been a shareholder of the company since it was listed on the TSX Venture Exchange, and is very familiar with its history and projects. Geoff has a tremendous amount of experience in managing both public and private companies, including corporate finance, capital markets and governance. We expect he will be a very active member of the board going forward, and look forward to his advice and guidance."

About Margaret Lake Diamonds Inc.

MLD is a Canadian-based mineral exploration company. As part of its joint venture with Arctic Star Exploration, MLD holds an 18.5-per-cent interest in the Diagras diamond project property in the Northwest Territories. The property hosts 13 known kimberlites originally discovered by DeBeers in the 1990s; MLD believes there is an opportunity to apply modern exploration techniques to define additional kimberlites.

We seek Safe Harbor.