VANCOUVER, BC, July 2, 2024 /CNW/ - (LUC - TSX, LUC - BSE, LUC - Nasdaq Stockholm)

Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to announce the appointment of Dr. Lauren Freeman as Vice President, Mineral Resources, effective July 1, 2024.

Dr. Freeman is a specialist in large Type II diamonds and has over 25 years of experience in the mining industry, with a strong background in mineral resource estimation, diamond value management, diamond pricing, geological modelling, and strategic mine planning. She has held senior roles at several diamond mining and resource consulting companies, where she led teams responsible for resource definition and underground expansion projects. Dr. Freeman has a PhD in Economic Geology and a GDE in Mining Engineering, both from the University of the Witwatersrand, South Africa, and is a registered Professional Natural Scientist with the South African Council for Natural Scientific Professions.

William Lamb, President and CEO of Lucara, commented on the appointment: "We are delighted to welcome Lauren to the Lucara team. Her extensive experience and technical expertise in mineral resource management will be invaluable as we continue to optimize diamond recovery from our Karowe mine and develop our mine and ore extraction plan for our underground project. Lauren's leadership will be crucial in maximising value from our resource base, while supporting our long-term strategic objectives."

In her new role, Dr. Freeman will oversee all aspects of mineral resource management for Lucara's flagship Karowe mine in Botswana and will contribute to the Company's overall development strategy.

On behalf of the Board,
William Lamb
President and Chief Executive Officer

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The information is information that Lucara is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Markets Act. This information was submitted for publication, through the agency of the contact person set out above, on July 2, 2024 at 4am Pacific Time.

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