Mountain Province Diamonds Announces the Appointment of Tom McCandless as Vice President of Exploration

TORONTO and NEW YORK, November 19, 2018 /PRNewswire/ --

TSX and NASDAQ: MPVD 

Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (NASDAQ: MPVD) is pleased to announce the appointment of Tom McCandless as Vice President of Exploration effective November 1^st, 2018.

Dr. McCandless has over 40 years of experience in mineral exploration, and was directly involved in the exploration that led to the discovery of the Ekati and Renard diamond mines. More recently he served as a Director on the board of Kennady Diamonds Corp. where he was part of the team responsible for the due diligence and negotiations leading to the acquisition of Kennady Diamonds by Mountain Province in April 2018. As president of MCC Geoscience Inc. he has consulted for grassroots exploration through to operating mines located in North and South America, Africa and Europe. He is also a registered professional geoscientist (BC, NT/NU) and an Adjunct Professor at the University of Alberta and University of Arizona.  

Stuart Brown, the Company's President and CEO commented, "We are very pleased to announce the appointment of Tom as our new head of exploration. Tom is a seasoned professional and brings a wealth of knowledge to the team.  He will play a key role in moving our exploration programs forward as we continue our search for the next potential discovery of diamonds on our properties.   He is also very familiar with the Gahcho Kué diamond mine from his time with Kennady Diamonds.  Mountain Province is building a strong team to execute our strategy of exploration and mining extension, and we are confident that Tom's experience, and his standing in the diamond industry will add substantial value to the Company."

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.

Caution Regarding Forward Looking Information
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.