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

8 October 2015

Toronto, Ontario: October 8, 2015 – Kennady Diamonds Inc. (“Kennady Diamonds”, the “Company”) (TSX-V: KDI) is pleased to announce the closing of the second and final tranche of the previously announced non-brokered private placement of common shares for gross proceeds of $33,280,538.75.   The Company issued 11,731,105 common shares at a price of $2.75 per share and 300,000 flow-through common shares at a price of $3.40 per share. The shares are subject to a four month hold period, expiring on February 9, 2016.