Lucara Signs Definitive Agreement to Acquire Motapa

Lucara Diamond Corp. (TSX VENTURE:LUC) ("Lucara") and Motapa Diamonds Inc. (TSX VENTURE:MTP) ("Motapa") are pleased to announce that the companies have signed a definitive agreement with respect to the acquisition, by Lucara, of all of the outstanding shares of Motapa pursuant to a plan of arrangement under the Business Corporations Act (B.C.). Each Motapa share will be exchanged for 0.9055 shares of Lucara. The convertible securities of Motapa will be acquired on the same exchange ratio.

The transaction is subject to receipt of Motapa shareholder approval and all requisite court and regulatory approvals.

Lucara to Acquire Motapa Diamonds

Lucara Diamond Corp. ("Lucara") (TSX VENTURE:LUC) and Motapa Diamonds Inc. ("Motapa") (TSX VENTURE:MTP) are pleased to announce that the companies have signed a letter of intent which contemplates Lucara acquiring all of the outstanding shares of Motapa pursuant to a plan of arrangement under the Business Corporations Act (B.C.). Each Motapa share will be exchanged for 0.9055 shares of Lucara representing a 104 percent premium to Motapa's trailing 20 day volume weighted average price on the TSX Venture Exchange. The exchange ratio is based on the number of Motapa shares presently outstanding. Upon exercise of any or all of Motapa warrants or incentive stock options, the exchange ratio will be adjusted accordingly such that upon completion of the transaction, Motapa shareholders will hold 35% of the combined company. The boards of directors of Lucara and Motapa have overwhelmingly approved the terms of the transaction.

Star Diamond Project: Updated NI 43-101 Mineral Resource - 23 percent increase in indicated tonnes and carats

George H. Read, P. Geo., Senior Vice President Exploration and Development, is pleased to announce an updated NI 43-101 compliant Mineral Resource estimate for the explored portion of the Star Kimberlite ("Star"), which supersedes the previously published resource estimate. This updated resource estimate includes the diamond results of eight additional large diameter drillholes: 5 holes on Star and 3 holes on Star West, totaling 1,368 metres of drilling with 306 metres in kimberlite. This updated resource estimate also incorporates additional diamonds recovered from concentrate and tailings audits as well as the geology's influence on the diamond distribution within Star. The updated resource estimate has been prepared by an independent Qualified Person ("QP") from P&E Mining Consultants Inc. ("P&E"). The Mineral Resource estimate includes Indicated Resources of 152 million tonnes at a grade of 14 carats per hundred tonnes ("cpht") and Inferred Resources of 26 million tonnes at a grade of 12 cpht.

Indicator Minerals Recovers 206 Diamonds From Nanuq North Kimberlite

Indicator Minerals Inc. (TSX VENTURE: IME) announced today the diamond results from a sample of the first kimberlite discovered on the Nanuq North Project.

A total of 206 diamonds were recovered from a 152.75kg sample of the NQN-001 kimberlite. The largest stone measured 0.98mm x 0.72mm x 0.70mm. The majority of the diamonds described are characterized as white/colorless with no inclusions. The results, tabled below, are presented for two different intervals to highlight the significant increase in diamond count in the lower 13.7m of the drill hole: