VANCOUVER, BC, January 30, 2026 /CNW/ - (LUC - TSX, LUC - BSE, LUC - Nasdaq First North)

Lucara Diamond Corp. ("Lucara" or the "Company") today reports the filing of an updated technical report (the "Report") for the updated Feasibility Study, prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects on its Karowe Underground Project ("UGP" or "Project") at the Karowe Diamond Mine located in Botswana. The Report is titled "Karowe Diamond Mine 2025 Feasibility Study Technical Report", with an effective date of September 30, 2025, and was prepared for Lucara by JDS Energy & Mining Inc. The Report can be found under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.lucaradiamond.com.

On behalf of the Board,

William Lamb
President and Chief Executive Officer

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The information in this press release is information that Lucara is obliged to make public pursuant to the EU Market Abuse Regulation. The Company's certified adviser on the Nasdaq First North Growth Market is Bergs Securities AB, ca@bergssecurities.se, +46 739 49 62 50. This information was submitted for publication, through the agency of the contact person set out above, on January 30, 2026 at 2:00 p.m. Pacific Time.

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