Maiden inferred mineral resource of 5.02 million carats for the Faraday kimberlites

3 October 2017

Kennady Diamonds Inc. is pleased to announce the completion of a maiden mineral resource estimate for the Faraday kimberlites located at the Company’s 100 percent owned Kennady North Project, NWT, Canada. The estimate incldues an inferred mineral resource of 5.02 million carats of diamonds is contained in 3.27 million tonnes of kimberlite, with an overall grade of 1.54 carats per tonne and an average value of US$98 per carat.