For best results when printing this announcement, please click on link below: Vancouver, Feb. 25, 2018 (GLOBE NEWSWIRE) --Lucara Diamond Corp. ("Lucara" or the "Company") wishes to announcethat effective today, William Lamb will be retiring as Lucara's ChiefExecutive Officer and stepping down from the Board of Directors. Eira Thomas,a founder and director of the Company will be assuming the role of CEO. Inaddition, Catherine McLeod Seltzer, also a Lucara Co-Founder, will be joiningthe Board of Directors.Under Mr. Lamb's leadership, the Company's flagship Karowe mine hasevolved into one of the world's highest margin diamond mines and theforemost producer of large, Type IIA diamonds in excess of 10.8 carats,including the historic 1,109 carat Lesedi La Rona (second largest gem diamondever recovered) and the 813 carat Constellation (sold for a record US$63.1million). Mr. Lamb galvanized Lucara's reputation as an innovator,championing its technologically advanced mine design to optimize revenues andminimize diamond losses through both autogenous milling and the use of X-raytransmission sorters to preserve large, high value stones and to create asimpler, more secure and efficient flowsheet. The Board would like tosincerely thank William for his many contributions during his tenure and ispleased to further announce that William has agreed to remain closelyassociated with the Company in an ongoing role as a technical advisor.William Lamb commented, "I am proud to have served as Lucara's CEO foralmost a decade, during which time, Karowe was taken from feasibilitythrough to a steady state, world class, operating diamond mine. The recentacquisition of Clara marks an exciting milestone for the Company and isconsistent with our approach of looking well beyond existing industrypractice, adopting innovation and progressive development as a key pillar ofthe Company's success. Eira, as the new CEO, will be well supported by afocused and experienced team at Karowe as we look to expand the mineundergound, and I am pleased be taking on a key advisory role as we embarkupon this next, exciting phase in Lucara's development." Lukas Lundin, Chairman of the Company commented, "I would like to welcomeEira into her new role of CEO of Lucara and commit my support to the ongoingand long-term success of the Company as we work to execute on an excitingnew growth opportunity with the acquisition of Clara Diamond Solutions. Webelieve that Clara will not only modernize the entire diamond sales processbut unlock additional value for all participants across the diamond market. Given Eira's deep understanding of our business and her relationshipsacross the diamond world, she is uniquely positioned to lead both Lucara'soperating business and this exciting new initiative. I would also like topersonally thank William for his dedication and passion, taking Lucara from adevelopment opportunity through to one of the most successful and profitablediamond mines, creating history through the adoption of innovativetechnology."Assuming the role of CEO, Eira brings more than 25 years experience in themining industry, including 16 years with Aber Diamond Corporation (nowDominion Diamond), where she served in ever increasing roles from initialdiscovery as a geologist to Vice President Exploration and ultimately aDirector of the Board. She was co-founder of Stornoway Diamond Corp.,serving first as CEO and then as Executive Chairman. There she led theacquisition of the Renard diamond deposit which subsequently became Quebec'sfirst diamond mine. In 2007, she founded Lucara with partners LukasLundin and Catherine McLeod Seltzer. Eira most recently served as CEOof Kaminak Gold Corporation which was acquired by Goldcorp in 2016 for $520Million. Eira is also a Director of Suncor Energy.Catherine McLeod-Seltzer has been directly involved in more than $4 billionin corporate transactions in the past 25 years and has been instrumental inhelping build a number of successful mineral companies, including, Arequipa Resources, Francisco Gold, Miramar Mining, Bear Creek Mining,Stornoway Diamonds and Peru Copper Inc. Catherine was named Mining Man of theYear by The Northern Miner in 1999, and in 1997 she was given the "Awardfor Performance" by the Association of Women in Finance. She has also heldpositions on the Financial Post's "Power 50". Catherine is currentlyChairman of Bear Creek Mining Corp and a director of Kinross Gold. Sheis a recognized leader in the minerals industry for her abilityto create growth-focused companies that generate significant shareholdervalue.On behalf of the Board,Lukas H. LundinChairmanLucara Diamond on Facebook ( )Lucara Diamond on Twitter( ) Lucara Diamond on Google+ ( ==) Lucara Diamond on Instagram( ) For further information, please contact:Eira Thomas, Lucara President and CEO EiraT@namdo.comLucara: Michelle Fyfe, Investor Relations +1 604 806-3077,michelle.fyfe@lucaradiamond.comSweden: Robert Eriksson, InvestorRelations +46 701-112615,reriksson@rive6.chUK: Louise Mason, Citigate Dewe Rogerson +44 (0) 20 7282 2932,louise.mason@citigatedewerogerson.comAbout LucaraLucara is a leading independent producer of large exceptional quality Type IIadiamonds from its 100% owned Karowe Mine in Botswana. The Company has anexperienced board and management team with extensive diamond development andoperations expertise. The Company operates transparently and in accordancewith international best practices in the areas of sustainability, health andsafety, environment and community relations.The information in this release is accurate at the time of distribution butmay be superseded or qualified by subsequent news releases.The information in this release is subject to the disclosure requirements ofthe Company under the EU Market Abuse Regulation and the Swedish SecuritiesMarket Act. This information was publicly communicated on February 25, 2018 at2:30 p.m. Pacific Time.CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTSCertain of the statements made and contained herein and elsewhere constituteforward-looking statements as defined in applicable securities laws.Generally, these forward-looking statements can be identified by the use offorward-looking terminology such as "expects", "anticipates","believes", "intends", "estimates", "potential","possible" and similar expressions, or statements that events, conditionsor results "will", "may", "could" or "should" occur or beachieved.Forward-looking statements are based on the opinions and estimates ofmanagement as of the date such statements are made, and they are subject to anumber of known and unknown risks, uncertainties and other factors which maycause the actual results, performance or achievements of the Company to bematerially different from any future results, performance or achievementexpressed or implied by such forward-looking statements. The Company believesthat expectations reflected in this forward-looking information are reasonablebut no assurance can be given that these expectations will prove to beaccurate and such forward-looking information included herein should not beunduly relied upon. In particular, this release may contain forward lookinginformation pertaining to the following: the estimates of the Company'smineral reserve and resources; estimates of the Company's production andsales volumes for the Karowe Mine; processing capabilities, recovery rates,cash flows and sales volumes for the Karowe Mine, including the potentialeffect of the development and integration of the proposed underground mine atKarowe on production, sales volumes and the expected LOM; estimated costs toconstruct the proposed Karowe underground development and the timelinesassociated therewith; expected exploration and development expenditures andexpected reclamation costs at the Karowe Mine including associated plans,objectives and economic estimates; expectation of diamond prices and changesto foreign currency exchange rate; expectations regarding the need to raisecapital; possible impacts of disputes or litigation; expectations regardingthe growth and development of Clara Diamond Solutions, its ability to unlockvalue and its technology and other forward looking information.There can be no assurance that such forward looking statements will prove tobe accurate, as the Company's results and future events could differmaterially from those anticipated in this forward-looking information as aresult of those factors discussed in or referred to under the heading "Risksand Uncertainties"' in the Company's most recent Annual Information Formavailable at , as well as changes in general business andeconomic conditions, changes in interest and foreign currency rates, thesupply and demand for, deliveries of and the level and volatility of prices ofrough diamonds, costs of power and diesel, acts of foreign governments and theoutcome of legal proceedings, inaccurate geological and recoverabilityassumptions (including with respect to the size, grade and recoverability ofmineral reserves and resources), unanticipated operational difficulties(including failure of plant, equipment or processes to operate in accordancewith specifications or expectations, cost escalations, unavailability ofmaterials and equipment, government action or delays in the receipt ofgovernment approvals, industrial disturbances or other job actions, adverseweather conditions, and unanticipated events relating to health safety andenvironmental matters), and risks relating to the development, implementationand growth of Clara Diamond Solutions and its technology.Accordingly, readers are cautioned not to place undue reliance on theseforward-looking statements which speak only as of the date the statements weremade, and the Company does not assume any obligations to update or revise themto reflect new events or circumstances, except as required by law. Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.