VANCOUVER, BC, Nov. 15, 2023 /CNW/ - (TSX: LUC) (BSE: LUC) (Nasdaq Stockholm: LUC)

Lucara Diamond Corp. ("Lucara" or the "Company") announces a further short-term extension of the maturity of its $50 million senior secured working capital facility (the "WCF") and a deferral of the requirement to place $52.9 million in a cost overrun reserve account (the "CORA") to the earlier of the conclusion of discussions with its Lenders or December 15, 2023 (the "Longstop Date").  An earlier extension granted by the Lenders on October 31, 2023, was due to expire on November 15, 2023.  The Company also announces that it has fully drawn the $15 million liquidity support guarantee provided by its largest shareholder, Nemesia S.a.r.l. ("Nemesia") and issued 450,000 common shares as consideration for this funding. Please view PDF version