23 May 2017
Toronto, Ontario, May 23, 2017 – Kennady Diamonds Inc. (“Kennady Diamonds”, the “Company”) (TSX-V: KDI) is pleased to announce diamond recovery results from its large diameter drilling program on the Faraday 2 kimberlite. A total of 737.6 carats of diamonds (+0.85mm) were recovered from 262.6 tonnes for a sample grade of 2.81 carats per tonne. The result is similar to the mini-bulk sample grade of 2.69 carats per tonne reported in 2016 (see news release, July 25, 2016). In this latest result, 45 diamonds of one carat or greater were recovered of which 12 are described as white in color. The largest stone is a 4.72 carat white/colorless octahedron with minor inclusions. Table 1 below summarizes the diamond recovery results from the 2017 Faraday 2 bulk sample.