Lucara Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 26, 2014) - Lucara Diamond Corp. ("Lucara" or the "Company") (TSX:LUC)(BOTSWANA:LUC)(NASDAQ OMX First North:LUC) announces that, it has granted 50,000 incentive stock options to an employee of the Company. The options are exercisable, subject to vesting provisions, over a period of three years at a price of $ 1.71 per share.

On Behalf of the Board,

William Lamb, President and CEO

Lucara's Certified Advisor on NASDAQ OMX First North is Pareto Öhman AB.