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     433  0 Kommentare Mountain Province Diamonds Results of Second Diamond Sale of 2018 and Confirmation of Dividend Objective

    TORONTO and NEW YORK, March 15, 2018 /PRNewswire/ --

    Shares Issued and Outstanding: 160,253,501
    TSX and NASDAQ: MPVD 

    Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX and NASDAQ: MPVD) today announces the results of its recently completed second diamond sale of 2018. This sale yielded a realized value per carat of US$142, the highest achieved by Mountain Province in any tender sale to date, with total proceeds of US$25.1 million on approximately 177,000 carats sold.

    The results of the second tender sale, with preceding sale results for comparative context, are summarized as follows:

    
       
    
                                                                                   2018   2018
                                          2017-Q1   2017-Q2   2017-Q3   2017-Q4    Feb    Mar
                                         Sales 1-3 Sales 4-5 Sales 6-7 Sales 8-10 Sale 1 Sale 2
    
        Tender Sale Proceeds (USD million)    37.7      33.8      48.0       59.3   27.3   25.1
        Carats Sold ('000s)                    522       370       753      1,005    351 177[3]
        Value per Carat (USD)[1]                72        91        64         59     78    142
        Normalized Value per Carat (USD)[2]     72        79        78         66  85[4]  76[5]
    
        [1]                                 Diamonds sold at individual sale events will not
                                            directly reflect run-of-mine production from
                                            specific processing periods. The timing of the
                                            sale of some goods may be accelerated or deferred
                                            for tactical marketing purposes. Realized average
                                            value per carat is also impacted by the binary
                                            nature of the fancies and specials bidding
                                            process within each production split, conducted
                                            approximately every five weeks with the Company's
                                            joint venture partner, De Beers Canada Inc. The
                                            winning party of each fancies and specials bid
                                            then markets 100% of those diamonds.
        [2]                                 Normalized to adjust for goods accelerated or
                                            deferred, and to include fancies and specials
                                            acquired through bid by De Beers Canada Inc.
        [3]                                 For 2018, due to scheduling logistics there will
                                            only be nine production splits. The first split
                                            occurred in early February and is supplying the
                                            bulk of the goods offered in both of Sales 2 and
                                            3 of 2018. Carat volumes in these two sales will
                                            accordingly be lower than typical, with the
                                            balance to be caught up in subsequent 2018 sales.
                                            There will still be a total of ten tender sales
                                            in 2018.
        [4]                                 Updated for actual prices realized on goods
                                            deferred to 2018 Sale 2.
        [5]                                 Provisional, to be finalized with results of Sale
                                            3.
    
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    Mountain Province Diamonds Results of Second Diamond Sale of 2018 and Confirmation of Dividend Objective TORONTO and NEW YORK, March 15, 2018 /PRNewswire/ - Shares Issued and Outstanding: 160,253,501 TSX and NASDAQ: MPVD  Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX and NASDAQ: MPVD) today announces the results of its …