LUCARA SHARE CAPITAL AND VOTING RIGHTS UPDATE

TSX: LUC) (BSE: LUC) (Nasdaq Stockholm: LUC)

Lucara Diamond Corp. ("Lucara" or the "Company") reports the following in accordance with the Swedish Financial Instruments Trading Act: View PDF

As a result of the vesting of employee share units, the number of issued and outstanding shares of the Company has increased to 453,566,923 common shares with voting rights as at March 31, 2022 .

The total number of voting rights in the Company is therefore 453,566,923. This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the Swedish Financial Instruments Trading Act on disclosure of major shareholdings (Transparency Rules).

Eira Thomas
President and Chief Executive Officer

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ABOUT LUCARA

Lucara is a leading independent producer of large exceptional quality Type IIa diamonds from its 100% owned Karowe Mine in Botswana . The Company has an experienced board and management team with extensive diamond development and operations expertise. The Company operates transparently and in accordance with international best practices in the areas of sustainability, health and safety, environment and community relations.

The information in this release is accurate at the time of distribution but may be superseded or qualified by subsequent news releases.

This information is information that Lucara is obliged to make public pursuant to the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact persons set out above, at 4:00 PM Pacific Time on March 31, 2022 .

LUCARA SHARE CAPITAL AND VOTING RIGHTS UPDATE (CNW Group/Lucara Diamond Corp.)

SOURCE Lucara Diamond Corp.

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/March2022/31/c6012.html

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A small circle of white diamonds.

Alrosa to Cut Production and Staff to Counter Diamond Market Slump

Alrosa (MCX:ALRS), Russia's state-owned diamond miner, plans to suspend certain operations and reduce its workforce in 2025 as it confronts falling global diamond prices and the impact of international sanctions.

CEO Pavel Marinychev outlined the measures during an interview with local media in Yakutia, the company’s primary production hub, as reported by Reuters on Thursday (November 21).

The global diamond industry is experiencing a downturn, with Marinychev describing the situation as a "deep crisis."

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STAR DIAMOND CORPORATION ANNOUNCES THIRD QUARTER 2024 RESULTS

TSX: DIAM

Star Diamond Corporation ("Star Diamond" or the "Company") reports that the unaudited financial results for the quarter ended September 30, 2024 will be filed today on SEDAR+ and may be viewed at www.sedarplus.ca once posted.

Overview

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Rio Tinto: Phase 1 of Diavik's A21 Pipe Complete, Diamond Production Next

Mining giant Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) said in a press release on Thursday, October 3, that it has completed the development and construction of Phase 1 of the A21 underground mine at its 100 percent-owned Diavik diamond mine.

The company detailed the construction process, which involved over 1,800 meters of underground tunnel development.

The Diavik diamond mine is located at the bottom of Lac de Gras in Canada's Northwest Territories. A21 is the fourth diamond pipe of the project and was opened by Rio Tinto in 2018. The company made the decision to go ahead with Phase 1 in February 2023, investing US$40 million.

Phase 1 of mining at A21 is expected to produce 1.4 million carats of diamonds.

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Burgundy Diamond Pauses Ekati Development, Asks Northwest Territories for More Support

Burgundy Diamond Mines (ASX:BDM,OTC Pink:BDMMF) has paused plans for further development at the Ekati diamond mine, saying diamond prices have fallen at least 20 percent since it acquired the project.

In a letter to RJ Simpson, premier of Canada's Northwest Territories (NWT), Burgundy said that along with the decreasing prices, the diamond industry has been receiving “very little support."

“Environmental requirements are getting unnecessarily more onerous, government agencies are inflexible to change and the burden placed on the asset is increasing,” the company said, adding that it may need to revisit the viability of the Ekati asset and focus on growth elsewhere should these problems continue.

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1,094 carat rough diamond from Lucara Diamond's Karowe mine.

Lucara Continues Streak of Big Diamond Discoveries with 1,094 Carat Find at Karowe

Only a month after the discovery of the second largest diamond ever recorded, Lucara Diamond (TSX:LUC,OTC Pink:LUCRF) has announced the recovery of another significant stone from its Karowe mine in Botswana.

The new find is 1,094 carats compared to the massive 2,942 carat rough diamond uncovered by Lucara in August, solidifying Karowe’s reputation as one of the world’s most prolific sources of large diamonds.

The rough diamond is the sixth stone over 1,000 carats that Lucara has unearthed from the mine. According to the company, the EMPKS ore type at Karowe's South Lobe hosts these large, high-value stones.

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STAR - ORION SOUTH DIAMOND PROJECT REVISED MINERAL RESOURCES ESTIMATE TECHNICAL REPORT FILED ON SEDAR+

Star Diamond Corporation ("Star Diamond" or the "Company") is pleased to announce that the Technical Report documenting the Revised Mineral Resources Estimate (see News Release dated July 24, 2024 ) for the Star Orion South Diamond Project (the "Project") has been filed on SEDAR+ ( www.sedarplus.ca ). This Technical Report has also been posted on the Star Diamond website: Technical Report 2024 .

Star Diamond Corporation logo (CNW Group/Star Diamond Corporation)

The scientific and technical information contained in this press release has been prepared and verified by A.C.A. Howe International Limited ("Howe"), under the supervision of Mr. Daniel C. Leroux, M.Sc., P. Geo. and the Mineral Resource estimation methodology under the supervision of Peter Ravenscroft , FAusIMM, of Ravenscroft Mining Advisors, an independent mining consultant, and a Qualified Person ("QP") within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") of the Canadian Securities Administrators. This Revised Mineral Resources estimate uses diamond industry standard methods which are rigorously applied to the Star and Orion South evaluation data, acknowledging the significant control that fundamental kimberlite geology has on the distribution of diamonds within these deposits.

The Revised Mineral Resources estimate will now be incorporated into a re-optimized open pit mine plan for the Project, which will include a re-evaluation of Mineral Reserves and an economic assessment based thereon. It is anticipated this work will be completed during 2024-25 and will result in an updated Pre-feasibility Study including a revised statement of Mineral Reserves for the Project, if warranted, and an economic assessment based thereon. Accordingly, the Mineral Resources and economic assessment previously disclosed by Star Diamond for the Project should no longer be relied upon.

All technical information in this press release has been prepared under the supervision of George Read , Senior Vice President Corporate Development, a registered Professional Geoscientist in the Provinces of Saskatchewan and British Columbia and Mark Shimell , Vice President Exploration, a registered Professional Geoscientist in the Provinces of Saskatchewan and Alberta , who are Star Diamond's QP's under the definition of NI 43-101.

About Star Diamond Corporation

Star Diamond is a Canadian-based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of Star Diamond trade on the Toronto Stock Exchange under the trading symbol "DIAM".   Star Diamond's most significant asset is its 100% interest in the Fort à la Corne Project in central Saskatchewan.  These kimberlites are located in close proximity to established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future mine development.

Stay Connected with Us:
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LinkedIn - https://www.linkedin.com/company/star-diamond-corp/
Facebook - https://web.facebook.com/stardiamondcorp
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YouTube - https://youtube.com/@StarDiamondCorp

Caution Regarding Forward-looking Statements

This press release contains "forward-looking statements" and/or "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "believe", "expect", "plan", "intend", "forecast", "target", "project", "guidance", "may", "will", "should", "could", "estimate", "predict" or similar words suggesting future outcomes or language suggesting an outlook. In particular, statements regarding Star Diamond's future operations, future exploration and development activities or other development plans constitute forward-looking statements. By their nature, statements referring to mineral reserves or mineral resources constitute forward-looking statements.

Forward-looking statements in this press release include but are not limited to statements with respect to the Revised Mineral Resources Estimate; improvement in the Mineral Resource estimate; the re-optimization of the Star and Orion South open pits; the publication of the Technical Report; and the aim of the Company to undertake a PFS and Feasibility Study and timelines.

These forward-looking statements are based on Star Diamond's current beliefs as well as assumptions made by and information currently available to Star Diamond and involve inherent risks and uncertainties, both general and specific. Risks exist that forward-looking statements will not be achieved due to a number of factors including, but not limited to, developments in world diamond markets, changes in diamond prices, risks relating to fluctuations in the Canadian dollar and other currencies relative to the US dollar, changes in exploration, development or mining plans due to exploration results and changing budget priorities of Star Diamond, the impact of changes in the laws and regulations regulating mining exploration, development, closure, judicial or regulatory judgments and legal proceedings, operational and infrastructure risks and the additional risks described in Star Diamond's most recently filed Annual Information Form, annual and interim MDA.

SOURCE Star Diamond Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2024/05/c1009.html

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