Mountain Province Diamonds Announces Results of Annual General Meeting of Shareholders

TORONTO and NEW YORK, June 20, 2018 /PRNewswire/ --

Shares Issued and Outstanding: 210,005,810
TSX and NASDAQ: MPVD 

Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (NASDAQ: MPVD) is pleased to announce that the nominees listed in the management proxy circular for the 2018 Annual General Meeting of Shareholders ("Annual Meeting") were elected as directors of the Company. Detailed results of the vote for the election of directors held at the Annual Meeting in Vancouver on June 19, 2018 are set out below.

        Nominee              Votes       % For       Votes    % Withheld
                              For                   Withheld
    Jonathan Comerford    101,041,422    94.50%    5,883,024     5.50%
    Bruce Dresner         100,541,902    94.03%    6,382,544     5.97%
    Karen Goracke         101,113,426    94.57%    5,811,020     5.43%
    Peeyush Varshney       97,431,021    91.12%    9,493,425     8.88%
    Carl Verley           100,502,621    93.99%    6,421,825     6.01%
    David Whittle         100,716,836    94.19%    6,207,610     5.81%

At the Annual Meeting, KPMG LLP were re-appointed as auditor of the Company at remuneration to be fixed by the directors.

Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Kué diamond mine located in Canada's Northwest Territories.  Gahcho Kué is the world's largest new diamond mine, consisting of a cluster of four diamondiferous kimberlites, three of which are being developed and mined under the initial 12 year mine plan.

Forward-Looking Statements 
This news release contains certain "forward-looking statements" and "forward-looking information" under applicable Canadian and United States securities laws concerning the business operations and financial performance and condition of Mountain Province Diamonds Inc. Forward-looking statements and forward-looking information include, but are not limited to, statements with respect to estimated production and mine life of the project of Mountain Province; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; the future price of diamonds; the estimation of mineral reserves and resources; the ability to manage debt; capital expenditures; the ability to obtain permits for operations; liquidity; tax rates; and currency exchange rate fluctuations. Except for statements of historical fact relating to Mountain Province, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "anticipates," "may," "can," "plans," "believes," "estimates," "expects," "projects," "targets," "intends," "likely," "will," "should," "to be," "potential" and other similar words, or statements that certain events or conditions "may", "should" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements.  Many of these assumptions are based on factors and events that are not within the control of Mountain Province and there is no assurance they will prove to be correct.