Mountain Province Diamonds Production Report for the Third Quarter ended 30 September 2016

25 October 2016

Toronto and New York, October 25, 2016 – Mountain Province Diamonds Inc. (“Mountain Province”, the “Company”) (TSX: MPV, NASDAQ: MDM) is pleased to announce the production for the third quarter ended September 30, 2016 from the Gahcho Kué Diamond Mine. 

The total mining of waste and ore for the nine months to September 30, 2016 from the 5034 open pit was approximately 15.9 million tonnes, with approximately 17,000 tonnes of ore stockpiled. 

Ramp-up production at Gahcho Kué commenced on August 1, 2016. From August 1 to September 30, the plant processed approximately 130,000 tonnes of ore and produced 198,000 carats on a 100 percent basis, of which the Company’s 49 percent share is approximately 97,000 carats.