Mountain Province Diamonds Provides Gahcho Kué Project Update

24 March 2014

• Project 17% complete at end February 2014
• First production on schedule for Q3 2016

Toronto and New York, March 24, 2014 – Mountain Province Diamonds Inc. (“Mountain Province”, the “Company”) (TSX: MPV, NYSE MKT: MDM) today provided an update on progress at the Gahcho Kué diamond project, a joint venture between De Beers Canada (51%) and Mountain Province Diamonds (49%).

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