MTP Motapa Diamonds Com Npv

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.


Motapa plans to hold a special meeting of shareholders to consider and vote on
the transaction and related matters on June 26 2009. A vote in favour of the
transaction by not less than 66 2/3% of the votes cast at the special
shareholders' meeting is required. Assuming receipt of all approvals, the
transaction is expected to close by the end of June 2009.



Highlights of the Transaction

The transaction will bring significant benefits to each of Lucara and Motapa and
their respective shareholders. In particular, the transaction will provide the
combined company with:


- A platform for the combined company to become a leading mid-tier diamond
exploration and development company in Africa via organic growth and acquisition
opportunities.


- Ownership consolidation of the highly prospective Mothae diamond development
project located in Lesotho.


- Additional exploration assets in Namibia, Gabon and the Democratic Republic of
Congo.


- Strengthened management team with extensive specialized diamond experience in
both diamond exploration, project development and operations.


Lucara has engaged Haywood Securities Inc. as its financial adviser and
McCullough O'Connor Irwin LLP as its legal adviser in respect of this
transaction. Motapa has engaged Raymond James Ltd. as its financial adviser and
Lawson Lundell LLP as its legal adviser in respect of this transaction.


About Lucara

Lucara Diamond Corp. is an African focused diamond exploration and development
company. The Company is building a portfolio of advanced staged diamond assets
with a view to become a leading mid-tier African producer. Lucara is a member of
the Lundin Group of Companies and is listed on the TSX Venture Exchange under
the symbol "LUC". Lucara continues to evaluate projects throughout Africa for
possible earn-in or acquisition.


About Motapa

Motapa holds a broad portfolio of wholly-owned or joint ventured projects and
option agreements in Lesotho, DRC, Gabon, and Namibia. Among these, the Mothae
Project in Lesotho is the flagship.


About the Mothae Project

The Mothae Diamond Project in Lesotho is a joint venture between Lucara (65%)
and Motapa (35%) which will enter a trial mining stage following the recent
completion of a highly successful bulk sampling program. The Mothae kimberlite
is an 8.8 hectare pipe located 6.5 kilometers northwest of the Letseng diamond
mine.


Motapa identified Mothae as a large, low-grade kimberlite with potential to
contain a population of large Type IIa diamonds and secured a 24.7 square
kilometer prospecting license in 2006. Type IIa diamonds provide a high
proportion of the world's highest value stones on account of their exceptional
color clarity which is ascribed to having no detectable nitrogen within the
diamond crystal structure. Type IIa diamonds also typically have a coarse size
distribution and can be present as very large stones. The presence of a
population of Type IIa diamonds in any kimberlite greatly enhances its economic
potential.


The partners have recently completed a 100,000 tonne bulk sample of the Mothae
kimberlite and diamond recovery results to date confirm the presence of a coarse
stone size distribution and the presence of a significant population of Type IIa
diamonds. To date, 5 diamonds greater than 20 carats, 13 diamonds greater than
10 carats and 63 diamonds greater than 5 carats have been recovered. A total of
8,886 diamonds were recovered during the two phase bulk sampling program,
returning 3,867 carats, an average stone size of 0.44 carats and a grade of 4.70
carats per hundred dry tonnes of material mined to date.


The sampling program is being carried out under the supervision of Dr. Tom
Nowicki of Mineral Services Canada, a Qualified Person in terms of NI 43-101.


On Behalf of the Board of Directors

Lukas H. Lundin, President and CEO, Lucara Diamond Corp.

Dr. Larry Ott, Chief Executive Officer, Motapa Diamonds Inc.

Forward-looking statements: This press release contains statements about
expected or anticipated future events and financial results that are
forward-looking in nature and, as a result, are subject to certain risks and
uncertainties, such as general economic, market and business conditions, the
regulatory process and actions, technical issues, new legislation, competitive
and general economic factors and conditions, the uncertainties resulting from
potential delays or changes in plans, the occurrence of unexpected events and
management's capacity to execute and implement its future plans. Actual results
may differ materially from those projected by management.

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