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FASHION - COMPANY NEWS

Mountain Province Diamonds Recovery of 95 Carat Gem Diamond

Wednesday, May 30, 2018

95.21 carat gem quality diamond (CNW Group/Mountain Province Diamonds Inc.)

95.21 carat gem quality diamond (CNW Group/Mountain Province Diamonds Inc.)

FASHION - COMPANY NEWS

Source : Mountain Province Diamonds Inc.

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Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX and NASDAQ: MPVD) is pleased to announce the recovery of a 95 carat gem diamond from the Gahcho Kué mine located in the Northwest Territories, Canada. The diamond was included in the fancies and specials parcel acquired by Mountain Province in the most recent Gahcho Kué production split.

The diamond recovered was a 95 carat white octahedron of top clarity. It is the largest gem quality stone and fourth largest stone recovered from the mine since production commenced just under two years ago.

Said Reid Mackie, the Company's Vice President Diamond Marketing, "The recovery of this diamond firmly establishes Mountain Province as a reliable producer of exceptional, high quality, Canadian diamonds in very large sizes and bodes well for the future discovery of similar gems."

The 95 carat diamond will be presented at Mountain Province's upcoming rough diamond tender with viewings to be held from June 11 through 22 in Antwerp, Belgium.