VANCOUVER, January 31, 2024 /CNW/ - (LUC - TSX, LUC - BSE, LUC - Nasdaq Stockholm)

Lucara Diamond Corp. ("Lucara" or the "Company") reports the following in accordance with the Swedish Financial Instruments Trading Act:

The Company issued 1,900,000 common shares to its largest shareholder, Nemesia S.a.r.l., as consideration under its debenture of $63.0 million, as described in the Company's news release from January 9, 2024. The number of issued and outstanding shares of the Company has increased to 458,077,393 common shares with voting rights as at January 31, 2024.

The total number of voting rights in the Company is therefore 458,077,393. This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the Swedish Financial Instruments Trading Act on disclosure of major shareholdings (Transparency Rules).

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 January 31, 2024 at 2:00pm Pacific Time.

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