Lucara Brings in Over $40 Million from Second Large Stone Tender of the Year

Lucara Brings in Over $40 Million from Second Large Stone Tender of the Year 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/16/14 --   Lucara
Diamond Corp. (TSX: LUC)(BOTSWANA: LUC)(NASDAQ OMX First North: LUC)
("Lucara" or the "Company") is pleased to announce the results from
its second Exceptional Stone Tender of 2014. The special tender of
Karowe diamonds was completed on July 16, 2014 and consisted of 16
single stone lots. All 16 diamonds, totaling 1,445 carats were sold
for gross revenues of $40.12 million ($27,755 per carat). Of the 16
stones sold, 13 sold for more than $1.0 million each including 4
stones which sold for in excess of $4.0 million each. The highest
value stones sold were a 109.4 carats and a 118.4 carat diamond which
sold for $6.19 million ($56,615/ct) and $5.36 million ($45,225/ct)
respectively.  
William Lamb, President and CEO, commented, "The incredible Karowe
diamonds continue to yield spectacular results and the recovery of
these exceptional stones also continues. The Company's next
Exceptional Stone Tender is scheduled for early in the fourth quarter
of 2014. Potential stones that will be included in this sale include
a 239 and a 193 carat diamond, recovered during the second quarter." 
On Behalf of the Board, 
William Lamb, President and CEO 
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS 
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 http://www.sedar.com, 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
matters) 
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. 
Contacts:
Lucara Diamond Corp.
Sophia Shane
Corporate Development
+1 (604) 689-7842 
Lucara Diamond Corp.
Robert Eriksson
Investor Relations, Sweden
+46 701-112615
 
 
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