Gahcho Kué Joint Venture and North Slave Métis Alliance sign Impact Benefit Agreement

Gahcho Kué Joint Venture and North Slave Métis Alliance sign Impact Benefit 
YELLOWKNIFE, NT, TORONTO, ON, NEW YORK, NY, July 10, 2013 /CNW/ - De Beers and 
Mountain Province Diamonds (TSX: MPV, NYSE MKT: MDM) are pleased to announce 
that De Beers, as Operator of the Gahcho Kué Project, has entered into an 
Impact Benefit Agreement with the North Slave Métis Alliance for the proposed 
Gahcho Kué Mine. The agreement sets in place a framework for De Beers and 
the North Slave Métis Alliance to optimize the participation of the North 
Slave Métis Alliance in the Gahcho Kué Mine through employment, business 
opportunities, training and development, and financial benefits. 
"This is the first Impact Benefit Agreement to be concluded for the proposed 
Gahcho Kué Mine," said Glen Koropchuk, Chief Operating Officer. "The two 
negotiating teams worked hard and efficiently to complete this agreement, 
which is mutually beneficial and builds on the strong relationship already 
established. It incorporates the shared learning we have from our experience 
working together over the years at the Snap Lake Mine, which is also operated 
by De Beers. The negotiation of further impact benefit agreements is 
"This is a good day for the North Slave Métis Alliance," said Bill Enge, 
President. "The life of mine Impact Benefit Agreement that we signed with De 
Beers for the proposed Gahcho Kué diamond mine ensures the North Slave Métis 
people will benefit from this development. We're looking forward to working 
with and strengthening our relationship with De Beers. They have a great 
track record of working with us with respect to their Snap Lake diamond mine 
and we have every reason to believe their Gahcho Kué mine track record will 
be matched." 
The Gahcho Kué diamond mine will have a mine life of approximately eleven 
years, will employ up to 700 people during construction and approximately 400 
people during operations. It will produce on average 4.5 million carats 
annually over its mine life. 
About De Beers Group 
De Beers Group is a member of the Anglo American plc group. Established in 
1888, De Beers is the world's leading diamond company with unrivalled 
expertise in the exploration, mining and marketing of diamonds. Together with 
its joint venture partners, De Beers employs approximately 16,000 people 
across the diamond pipeline, and is the world's largest diamond producer by 
value, with mining operations in Botswana, Canada, Namibia and South Africa. 
In Canada, De Beers operates the Snap Lake Mine in the Northwest Territories 
and the Victor Mine in northern Ontario. De Beers is also a joint venture 
partner in the Gahcho Kué Project in the Northwest Territories. For further 
information about De Beers visit 
About Mountain Province Diamonds 
Mountain Province Diamonds discovered the first kimberlite at Kennady Lake in 
1995 and in 1997 entered into a joint venture agreement with Monopros, a 
subsidiary of De Beers. Mountain Province is a 49% participant with De Beers 
Canada in the Gahcho Kué JV located in Canada's Northwest Territories. 
Gahcho Kué is the world's largest and richest new diamond mine development. A 
December 2010 feasibility study filed by Mountain Province (available on 
SEDAR) indicates that the Gahcho Kué project has an IRR of 33.9%. Further 
information is available at 
Cathie Bolstad Director, External & Corporate Affairs De Beers Canada Tel: 
(867) 766-7300 
Patrick Evans President and CEO Mountain Province Diamonds Tel: (416) 
Bill Enge President North Slave Métis Alliance Tel: (867) 873-6762 
SOURCE: Mountain Province Diamonds Inc. 
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CO: Mountain Province Diamonds Inc.
ST: New York
-0- Jul/10/2013 16:02 GMT
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