Kennady Diamonds Discovers Third Kimberlite at Faraday

17 March 2016

• Kelvin North Lobe Bulk Sampling at +300 tonnes

Toronto, Ontario, March 17, 2016 – Kennady Diamonds Inc. (“Kennady Diamonds”, the “Company”) (TSX-V: KDI) is pleased to announce that exploration drilling at the Kennady North project has resulted in the discovery of a third kimberlite body at the high-grade Faraday kimberlite cluster. Following the completion of ice-based infill drilling at the Faraday 1 kimberlite, the core rig was moved to a geophysical target approximately 80 meters to the southwest where indications of the presence of volcaniclastic kimberlite were discovered during the winter of 2015. Three exploration drill holes have been completed at the Faraday 3 discovery within the past week with the latest hole intersecting more than 55 meters of kimberlite.

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