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Lucara Adds US$30 Million to 2015 Revenue From Latest Exceptional Stone Tender

Lucara Diamond Corp. recently announced the results from its second Exceptional Stone Tender of 2015. Lucara produced these very large, high quality exceptional stones from its 100% owned Karowe Mine in Botswana.

The exceptional stone tender included 13 single stones totalling 1,440 carats achieving revenues of US $29.7 million ($20,625 per carat).

Highlights:

-- 10 diamonds sold for more than $1.0 million each including 5 stones which sold for in excess of $2.0 million each.

-- Lot 801, the 336.3 carat Type IIa diamond sold for $8.18 million($24,324/carat)

-- Lot 802, the 8.03 carat pink diamond sold for $911,911 ($113,563/carat)

-- Lot 803, the 83.5 carat Type IIa diamond sold for $4.13 million($49,467/carat) and was the highest value per carat stone sold at the tender

Lucara is also pleased to announce the recent recovery of a 348 carat and a 255 carat stone. Both stoneswere recovered by the new XRT machines installed at the Karowe Mine. The quality of the stones will be assessed only once they have been cleaned.

William Lamb, President and CEO, commented, "We are happy with the results of this sale with the final figures being in line with expectations. We have noticed that in the current market, buyers have become more conservative when considering pricing for the more complicated stones, which includes the 336 carat stone sold in the current tender.

The recovery of the 348 carat diamond from the high value south lobe is the largest stone recovered from the Karowe mine to date. We are very pleased with the current operation of the newly installed XRT equipment and the continued recovery of our exceptional diamonds."