Lucara Diamond Corp. — Proxy Solicitation & Information Statement 2020

Apr 9, 2020

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Security Class

Holder Account Number

Voting Instruction Form ("VIF") - Annual General and Special Meeting to be held on Friday, May 8, 2020

NON-REGISTERED (BENEFICIAL) SECURITYHOLDERS

1. We are sending to you the enclosed proxy-related materials that relate to a meeting of the holders of the series or class of securities that are held on your behalf by the intermediary identified above. Unless you attend the meeting and vote in person, your securities can be voted only by management, as proxy holder of the registered holder, in accordance with your instructions.

2. We are prohibited from voting these securities on any of the matters to be acted upon at the meeting without your specific voting instructions. In order for these securities to be voted at the meeting, it will be necessary for us to have your specific voting instructions. Please complete and return the information requested in this VIF to provide your voting instructions to us promptly.

3. If you want to attend the meeting and vote in person, please write your name in the place provided for that purpose in this form. You can also write the name of someone else whom you wish to attend the meeting and vote on your behalf. Unless prohibited by law, the person whose name is written in the space provided will have full authority to present matters to the meeting and vote on all matters that are presented at the meeting, even if those matters are not set out in this form or the information circular. Consult a legal advisor if you wish to modify the authority of that person in any way. If you require help, please contact the Registered Representative who services your account.

4. This VIF should be signed by you in the exact manner as your name appears on the VIF. If these voting instructions are given on behalf of a body corporate set out the full legal name of the body corporate, the name and position of the person giving voting instructions on behalf of the body corporate and the address for service of the body corporate.

5. If this VIF is not dated, it will be deemed to bear the date on which it is mailed by management to you.

6. When properly signed and delivered, securities represented by this VIF will be voted as directed by you, however, if such a direction is not made in respect of any matter, the VIF will direct the voting of the securities to be made as recommended in the documentation provided by Management for the meeting.

7. This VIF confers discretionary authority on the appointee to vote as the appointee sees fit in respect of amendments or variations to matters identified in the notice of meeting or other matters as may properly come before the meeting or any adjournment thereof.

8. Your voting instructions will be recorded on receipt of the VIF.

9. By providing voting instructions as requested, you are acknowledging that you are the beneficial owner of, and are entitled to instruct us with respect to the voting of, these securities.

10. If you have any questions regarding the enclosed documents, please contact the Registered Representative who services your account.

11. This VIF should be read in conjunction with the information circular and other proxy materials provided by Management.

VIFs submitted must be received by 10:30 am, Pacific Daylight Time, on Wednesday, May 6, 2020

VOTE USING THE TELEPHONE OR INTERNET 24 HOURS A DAY 7 DAYS A WEEK!

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To Vote Using the Telephone
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To Vote Using the Internet
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• Call the number listed BELOW from a touch tone • Go to the following web site: telephone. www.investorvote.com

• Smartphone?

• 1-866-734-VOTE (8683) Toll Free Scan the QR code to vote now.

If you vote by telephone or the Internet, DO NOT mail back this VIF.

Voting by mail may be the only method for securities held in the name of a corporation or securities being voted on behalf of another individual.

Voting by mail or by Internet are the only methods by which a holder may choose an appointee other than the Management appointees named on the reverse of this VIF. Instead of mailing this VIF, you may choose one of the two voting methods outlined above to vote this VIF.

To vote by telephone or the Internet, you will need to provide your CONTROL NUMBER listed below.

CONTROL NUMBER

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Appointee(s)

Management Appointees are: Eira Thomas, or failing her, Paul OR If you wish to attend in person or appoint Conibear, or failing him, Catherine McLeod-Seltzer, or failing her, someone else to attend on your behalf, Jennifer Harmer print your name or the name of your appointee in this space (see Note #3 on reverse).

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as my/our appointee to attend, act and to vote in accordance with the following direction (or if no directions have been given, as the appointee sees fit) and all other matters that may properly come before the Annual General and Special Meeting of securityholders of Lucara Diamond Corp. to be held at the offices of Lucara Diamond Corp., Suite 2000, 885 West Georgia St., Vancouver, BC on Friday, May 8, 2020 at 10:30 am, Pacific Daylight Time and at any adjournment or postponement thereof.

VOTING RECOMMENDATIONS ARE INDICATED BY HIGHLIGHTED TEXT OVER THE BOXES.

1.Number of Directors							For	Against
To set the number of Directors at seven (7).
2.Election of Directors For	Withhold			For	Withhold		For	Withhold	------- Fold
01. Paul Conibear		02. David Dicaire				03. Marie Inkster
04. Lukas Lundin		05. Catherine McLeod-Seltzer				06. Peter O’Callaghan
07. Eira Thomas
							For	Withhold
3.Appointment of Auditors
Appointment of PricewaterhouseCoopers	LLP as Auditors of the Corporation for the ensuing year and authorizing					the Directors to fix their
remuneration.
4.Approval of certain amendments to the share unit		plan					For	Against
To pass an ordinary resolution to approve	certain amendments to the share unit plan, and the allotment of shares					to be issued thereunder.
5.Approval of a deferred share unit plan							For	Against
To pass an ordinary resolution to approve	a deferred share unit plan, and the allotment of shares to be issued thereunder.								------- Fold
							For	Against

6. Approval of the adoption of an Advisory Resolution on Executive Compensation

To adopt an advisory resolution on executive compensation.

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Authorized Signature(s) - This section must be completed for your instructions to be executed.

If you are voting on behalf of a corporation or another individual you may be required to provide documentation evidencing your power to sign this VIF with signing capacity stated.

Signature(s)

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Date

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Interim Financial Statements - Mark this box if you would Annual Financial Statements - Mark this box if you would like to receive Interim Financial Statements and like to receive the Annual Financial Statements and accompanying Management’s Discussion and Analysis by accompanying Management’s Discussion and Analysis by mail. mail.

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If you are not mailing back your VIF, you may register online to receive the above financial report(s) by mail at www.computershare.com/mailinglist.

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B K N Q

3 0 6 9 0 1

A R 1