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Jan 04, 2010 - 16:47 PM ET

Lucara Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 4, 2010) - Lucara Diamond Corp. (TSX VENTURE:LUC) ("Lucara" or the "Company") reports that it has granted an aggregate of 200,000 incentive stock options to an officer the Company. The options, subject to vesting provisions, are exercisable over a period of three years at a price of $1.00 per share.

On Behalf of the Board,

William Lamb
President and COO




Lucara Diamond Corp.
Sophia Shane
Corporate Development
(604) 689-7842
(604) 689-4250 (FAX)
lucara@namdo.com
www.lucaradiamond.com