Kennady Diamonds Closes First Tranche of C$48 million Non-Brokered Private Placement

1 October 2015

Toronto, Ontario: October 1, 2015 – Kennady Diamonds Inc. (“Kennady Diamonds”, the “Company”) (TSX-V: KDI) is pleased to announce the closing of the first tranche of the previously announced non-brokered private placement (“Placement”) for gross proceeds of approximately C$15 million.