Lucara Recovers 13 Diamonds Greater Than 100 Carats

Lucara Recovers 13 Diamonds Greater Than 100 Carats 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/20/14 --   Lucara
Diamond Corp. ("Lucara" or the "Company") (TSX: LUC)(BOTSWANA:
LUC)(NASDAQ OMX First North: LUC) is pleased to announce the recovery
of thirteen diamonds larger than 100 carats, two of which exceed 200
carats, since the start of the second quarter. Of the thirteen stones
recovered, eight are gem quality diamonds. The five largest gem
quality stones weigh 259cts, 239cts, two stones weighing 153cts each
and a 133cts stone. Since the beginning of the second quarter, Karowe
has produced 239 diamonds larger than 10.8 carats, including 27
diamonds with weights between 50 and 100 carats.  
Lucara is also pleased to announce its second Exceptional Stone
Tender on July 18, 2014. Client viewings will take place in both
Antwerp and Gaborone with the tender closing at 4.00pm CET. The
Company is in the process of selecting stones for this tender and
will post this information along with a brochure on the Company's
website when available.  
William Lamb, President and CEO, commented, "The ongoing recovery of
these large and exceptional white diamonds continues to drive
increased value for Lucara and its shareholders and has established
the Karowe mine as a rare source of truly exceptional diamonds. The
ongoing recovery of such stones is encouraging for a potential third
exceptional stone tender during the fourth quarter of 2014." 
On Behalf of the Board, 
William Lamb, President and CEO 
Lucara's Certified Advisor on NASDAQ OMX First North is Pareto
Securities AB. 
Certain of the statements made and contained herein in the MD&A and
elsewhere constitute forward-looking statements as defined in
applicable securities laws. Generally, these forward-looking
statements can be identified by the use of forward-looking
terminology such as "expects", "anticipates", "believes", "intends",
"estimates", "potential", "possible" and similar expressions, or
statements that events, conditions or results "will", "may", "could"
or "should" occur or achieved.  
Forward looking statements are based on the opinions and estimates of
management as of the date such statements are made, and they are
subject to a number of known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievement expressed or implied by
such forward-looking statements. The Company believes that
expectations reflected in this forward-looking information are
reasonable but no assurance can be given that these expectations will
prove to be correct and such forward-looking information included in
this MD&A should not be unduly relied upon. In particular, this MD&A
may contain forward looking information pertaining to the following:
the estimates of the Company's mineral reserve and resources;
estimates of the Company's production and sales volumes for the
Karowe Mine; estimated costs to construct the Karowe Mine, start-up,
exploration and development plans and objectives, production costs,
exploration and development expenditures and reclamation costs;
expectation of diamond price and changes to foreign currency exchange
rate; expectations regarding the need to raise capital; possible
impacts of disputes or litigation and other risks and uncertainties
describe under Risks and Uncertainties disclosed in the Company's
Annual Information Form.  
There can be no assurance that such statements will prove to be
accurate, as the Company's results and future events could differ
materially from those anticipated in this forward-looking information
as a result of those factors discussed in or referred to under the
heading "Risk Factors' in the Company's Annual Information Form dated
March 27, 2013 available at, as well as changes in
general business and economic conditions, changes in interest and
foreign currency rates, the supply and demand for, deliveries of and
the level and volatility of prices of rough diamonds, costs of power
and diesel, acts of foreign governments and the outcome of legal
proceedings, inaccurate geological and recoverability assumptions
(including with respect to the size, grade and recoverability of
mineral reserves and resources), unanticipated operational
difficulties (including failure of plant, equipment or processes to
operate in accordance with specifications or expectations, cost
escalations, unavailability of materials and equipment, government
action or delays in the receipt of government approvals, industrial
disturbances or other job actions, adverse weather conditions, and
unanticipated events relating to health safety and environmental
Accordingly, readers are cautioned not to place undue reliance on
these forward-looking statements which speak only as of the date the
statements were made, and the Company does not assume any obligations
to update or revise them to reflect new events or circumstances,
except as required by law. 
Lucara Diamond Corp.
Sophia Shane
Corporate Development
+1 (604) 689-7842
+1 (604) 689-4250 (FAX) 
Lucara Diamond Corp.
Robert Eriksson
Investor Relations, Sweden
+46 701-112615
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