Lucara Diamond Corp.

Lucara Diamond Corp.

December 14, 2010 17:20 ET

Lucara Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 14, 2010) - Lucara Diamond Corp. (TSX VENTURE:LUC) ("Lucara" or the "Company") reports that it has granted an aggregate of 680,000 incentive stock options to certain directors, officers and other eligible persons of the Company. The options, subject to vesting provisions, are exercisable over a period of three years at a price of $0.95 per share.

On Behalf of the Board,

William Lamb, President and CEO

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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