Dominion Diamond Reports Fiscal 2017 Fourth Quarter Results and Provides Corporate Update

12 April 2017

• Robust project development pipeline, renewed exploration focus and strong balance sheet support long-term value creation strategy

YELLOWKNIFE, NT (April 12, 2017) – Dominion Diamond Corporation (TSX: DDC, NYSE: DDC) (the “Company” or “Dominion”) today reported its fourth quarter and full year financial results for the fiscal year ending January 31, 2017, and also provided an update on multiple projects within its robust development pipeline, and exploration priorities. The Company remains focused on continuing to optimize its existing operations, is well-positioned to advance its portfolio of development projects at both the Ekati Diamond Mine (“Ekati mine”) and the Diavik Diamond Mine (“Diavik mine”), and is increasing exploration efforts in the highly prospective Lac de Gras region. Unless otherwise indicated, all financial information below is presented in US dollars.
“We continue to execute on our long-term strategy and create value for all shareholders. With the support of our strong balance sheet, we are well-positioned to advance a number of key development opportunities and begin reinvestment in near-mine exploration at both Ekati and Diavik,” said Jim Gowans, Chairman of the Board. “As an established operator, one of our primary objectives is to leverage our infrastructure advantage in one of the world’s most prospective diamond mining districts.”

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