Lucara Diamond Corp.
TSX VENTURE : LUC

Lucara Diamond Corp.

July 09, 2009 16:01 ET

Lucara Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 9, 2009) - Lucara Diamond Corp. (TSX VENTURE:LUC) reports that, pursuant to the plan of arrangement effected July 3, 2009 with Motapa Diamonds Inc. ("Motapa"), the regulatory authorities have requested that Motapa's National Instrument 43-101 technical report prepared by Norman Lock, PhD, C Geol FGS, MGSSA. PrSciNat, entitled "Mothae Kimberlite Project, Lesotho - Independent Technical Report" dated February 12, 2007 be filed under Lucara's SEDAR profile on www.sedar.com.

On Behalf of the Board,

William Lamb, President and COO

Forward-looking statements: This press release contains statements about expected or anticipated future events and financial results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as 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. Actual results may differ materially from those projected by management.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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