VANCOUVER, BC, March 31, 2020 /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:

As a result of the vesting of employee share units, the number of issued and outstanding shares of the Company has increased to 396,896,733 common shares with voting rights as at March 31, 2020.

The total number of voting rights in the Company is therefore 396,896,733. 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).

Eira Thomas

President and Chief Executive Officer

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The information in this release is accurate at the time of distribution but may be superseded or qualified by subsequent news releases.

This information is information that Lucara is obliged to make public pursuant to the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact persons set out below, at 2:00 PM Pacific Time on 31 March 2020.

Lucara 0331 (https://mb.cision.com/Public/17208/3078287/be550e19d86fd0a5.pdf)