LUCARA DIAMOND COMMENCES TRADING ON NASDAQ OMX FIRST NORTH, STOCKHOLM ON NOVEMBER 25, 2011

November 24, 2011 (LUC - TSX, LUC - BSE, LUC - NASDAQ OMX First North) … Lucara
Diamond Corp. (“Lucara” or the “Company”) is pleased to announce that it has
obtained final approval for the trading of its common shares (the “Shares”) on
NASDAQ OMX First North in Sweden (“First North”). The Shares commence trading
on First North at the market opening on November 25, 2011, under the symbol
“LUC”. The Shares will continue to trade on the Toronto Stock Exchange and the
Botswana Stock Exchange under the symbol "LUC".


William Lamb, President and CEO of Lucara commented, "We are pleased to be able
to offer our shareholders the opportunity to trade their shares on First North.
The listing on First North will facilitate our ability to satisfy investor
appetite for our shares in Sweden. We look forward to welcoming many new
shareholders to join Lucara on its exciting journey to become a
well-established diamond producer."

E. Öhman J:or Fondkommission AB, part of the Pareto Securities group, has been
engaged as the Company's financial adviser in conjunction with the listing and
is Lucara's Certified Adviser on First North.

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 AK6 diamond mine in Botswana
and the Mothae diamond mine in Lesotho. The 100% owned AK6 project 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 AK6 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

 

Forward Looking Statements: This document contains statements about expected or
anticipated future events and financial results of Lucara that are
forward-looking in nature and are based on Lucara's current expectations,
estimates and projections. This forward-looking information is subject to
certain risks and uncertainties, such as legal and political risk, civil
unrest, general economic, market and business conditions, the regulatory
process and actions, technical issues, new legislation, competitive and general
economic factors and conditions, the uncertainties resulting from potential
delays or changes in plans, the occurrence of unexpected events and
management's capacity to execute and implement its future plans. The actual
results, activities, performance or achievements of Lucara may differ
materially from those projected by management. A discussion of factors that may
affect Lucara's actual results, performance, achievements or financial position
is contained in the filings by Lucara with the Canadian provincial securities
regulatory authorities on the system for electronic document analysis and
retrieval ("SEDAR") at www.sedar.com.

 

For further information, please contact:

Sophia Shane, Corporate Development +1 (604) 689-7842

Robert Eriksson, Investor Relations, Sweden +46 701-112615