Lucara Announces Annual Meeting Date

April 09 21:55 2012

VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 04/09/12 — Lucara Diamond Corp. (TSX: LUC)(BOTSWANA: LUC)(NASDAQ OMX First North: LUC) („Lucara“ or the „Company“) announces that the Annual General Meeting of the Company will be held at the Company-s Corporate Headquarters, Suite 2000, 885 West Georgia Street, Vancouver, B.C., on May 15, 2012 at 10:00 a.m.

The record date for the Annual General Meeting is April 10, 2012.

About Lucara

Lucara is a well-positioned emerging new diamond producer. The Company has an experienced board and management team with years of diamond development expertise. The Company-s two key assets are the Karowe Mine in Botswana and the Mothae Project in Lesotho. The 100% owned Karowe Mine is in the final construction stage with mine commissioning having commenced in the first quarter of 2012. The 75% owned Mothae Project is currently in the trial mining stage. Both Mothae and Karowe are large scale assets with tonnage and throughput upside; diamond values from both could significantly increase with the continued recovery of Type IIA and large stones.

On Behalf of the Board,

William Lamb, President and CEO

Lucara-s Certified Advisor on NASDAQ OMX First North is Pareto Ohman AB.

Contacts:
Lucara Diamond Corp.
Sophia Shane
Corporate Development
+1 (604) 689-7842
+1 (604) 689-4250 (FAX)

Lucara Diamond Corp.
Robert Eriksson
Investor Relations, Sweden
+46 701-112615

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