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Fatality at the Gahcho Kué Mine

Press Release

Sept. 2, 2022

TORONTO and NEW YORK – Mountain Province Diamonds Inc. (“Mountain Province”, the “Company”) (TSX: MPVD) (OTC: MPVDF) is saddened to announce a fatal incident at the Gahcho Kué Mine.

STATEMENT FROM DE BEERS GROUP:

We are deeply saddened to confirm that an employee from a contractor partner company succumbed to injuries sustained in an incident at Gahcho Kué Mine on Thursday, 1 September. The circumstances around what happened are under investigation by the appropriate authorities. All non-essential work at the mine has been suspended.

This is an extremely tragic incident and the mine joint venture partners, De Beers Group and Mountain Province Diamonds, extend our deepest condolences to the grieving family and friends of the deceased individual.

We want to commend the individual’s co-workers, the mine’s Emergency Response Team, and the onsite medical team who made every effort to save their colleague’s life. A grief counsellor arrived at the mine Thursday evening and additional counselling services are available to all employees.

Gahcho Kué is located in the Northwest Territories, about 280 km northeast of Yellowknife. The mine is a joint venture between De Beers Group (51% – the operator) and Mountain Province Diamonds (49%).

Contact

Terry Kruger
Tel 1 867 679 6431
Mob 1 403 835 5875
Email [email protected]

NOTE TO MEDIA: In consideration of the ongoing investigations, we are not in a position to provide additional information regarding the incident at this time.

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About the Company

Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Kué diamond mine located in Canada’s Northwest Territories. The Gahcho Kué Joint Venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company also controls 107,373 hectares of highly prospective mineral claims and leases surrounding the Gahcho Kué Mine that include an Indicated mineral resource for the Kelvin kimberlite and Inferred mineral resources for the Faraday kimberlites. Kelvin is estimated to contain 13.62 million carats (Mct) in 8.50 million tonnes (Mt) at a grade of 1.60 carats/tonne and value of US$63/carat. Faraday 2 is estimated to contain 5.45Mct in 2.07Mt at a grade of 2.63 carats/tonne and value of US$140/ct. Faraday 1-3 is estimated to contain 1.90Mct in 1.87Mt at a grade of 1.04 carats/tonne and value of US$75/carat. All resource estimations are based on a 1mm diamond size bottom cut-off.

For further information on Mountain Province Diamonds and to receive news releases by email, visit the Company’s website at www.mountainprovince.com.

Qualified Person

The disclosure in this news release of scientific and technical information regarding Mountain Province’s mineral properties has been reviewed and approved by Matthew MacPhail, P.Eng., MBA, and Tom E. McCandless, Ph.D., P.Geo., both employees of Mountain Province Diamonds and Qualified Persons as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

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