Mr. Yari Nieken reports

MARGARET LAKE DIAMONDS ANNOUNCES APPOINTMENT OF QUINN FIELD-DYTE TO ITS BOARD OF DIRECTORS

Margaret Lake Diamonds Inc. has appointed Quinn Field-Dyte to its board of directors, replacing Larry E. Timlick. Mr. Timlick will remain with the company as a strategic adviser to the board and the position of corporate secretary will be assumed by Mr. Field-Dyte.

Mr. Field-Dyte holds the position of chief financial offier and director at Quantum Battery Metals Corp., chief financial officer and director at Vantex Resources Ltd., director at Goldseek Resources Inc., and director at PlantX Life Inc.

In his past career, he co-founded Embassy Games Inc. and has held the titles of director, chief executive and officer at Hadley Mining Inc., chief executive officer and director at Scorpion Resources Inc., and chief financial officer, corporate secretary and director at Inexco Mining Corp.

Mr. Field-Dyte is a seasoned executive having been in the financial services industry for over 20 years. He has led financings of hundreds of millions of dollars in public and private markets and specialized in mergers and acquisitions.

About Margaret Lake Diamonds Inc.

Margaret Lake is a Canadian-based mineral exploration company. As part of its joint venture with Arctic Star Exploration, Margaret holds an 18.5-per-cent interest in the Diagras diamond project, Northwest Territories. The property hosts 13 known kimberlites originally discovered by DeBeers in the 1990s and Margaret believes there is an opportunity to apply modern exploration techniques to define additional kimberlites. Additionally, Margaret owns 100-per-cent interest in the Mormon Lake uranium property near Payson, Ariz.