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 
FOR: Lucara Diamond Corp. 
JULY 16, 2014 
Lucara Brings in Over $40 Million from Second Large Stone Tender of the Year 
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 16, 2014) - 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)
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 
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 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. 
Lucara Diamond Corp.
Sophia Shane
Corporate Development
+1 (604) 689-7842
Lucara Diamond Corp.
Robert Eriksson
Investor Relations, Sweden
+46 701-112615 
INDUSTRY:  Manufacturing and Production - Mining and Metals 
-0- Jul/16/2014 21:30 GMT
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