VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/23/12 — Lucara Diamond Corp. („Lucara“ or the „Company“) (TSX: LUC)(BOTSWANA: LUC)(NASDAQ OMX First North: LUC) reports that it has granted 50,000 incentive stock options to an eligible employee of the Company. The options are exercisable, subject to vesting provisions, over a period of three years at a price of $1.13 per share.
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 diamond mine in Botswana and the Mothae diamond mine in Lesotho. The 100% owned Karowe Mine is in the construction stage with mine commissioning scheduled to commence in the first quarter of 2012. The 75% owned Mothae mine 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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