Koulou Gold

Lithoquest Diamonds Commences Field Work on North Kimberley Project

Vancouver, British Columbia (FSCwire) - Lithoquest Diamonds Inc. (TSX-V: LDI) (“Lithoquest”, the “Company”) today announced that it has commenced field work on its 100% owned North Kimberley Diamond Project located in northwestern Australia.

The field program will focus on the four highest priority targets where composite rock samples of suspected (weathered) kimberlite were collected in April, 2017 yielded Kimberlite Indicator Minerals. Work will include ground magnetic and gravity surveys, geologic mapping, and the collection of additional composite rock samples.

“The information obtained from this program will help to define the targets in preparation for drilling in 2018,” stated Bruce Counts, President and CEO of Lithoquest. “The data will also assist in determining the most effective tools for identifying additional kimberlite targets on the property.”

The petrology of the rock samples will be analysed in combination with petrographic studies to further define the occurrences of apparent “weathered” kimberlite. Final results from the data collected during the program are expected in Q1 of 2018.

Qualified Person

The technical contents of this news release have been reviewed and approved by Bruce Counts, P. Geo., President, CEO and Director of Lithoquest Diamonds Inc. and Qualified Person under National Instrument 43-101.

About Lithoquest Diamonds Inc.

Lithoquest is a Canadian diamond exploration company focused on the discovery and development of economic diamond deposits on its 100%-owned North Kimberley Diamond Project located in Western Australia, approximately 65km east of the community of Kalumburu.

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