Mountain Province Diamonds Announces Second Quarter 2020 Production Results and Provides Conference Call Details

TSX and OTCQX: MPVD

TORONTO and NEW YORK, July 15, 2020 /PRNewswire/ -- Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTCQX: MPVD) today announces production and sales results for the second quarter ended June 30, 2020 ("the Quarter" or "Q2 2020") from the Gahcho Kué Diamond Mine ("GK Mine"). All figures are expressed in Canadian dollars unless otherwise noted.

Q2 Highlights
(all figures reported on a 100% basis unless otherwise stated)

• 6,836,110 total tonnes mined, a 37% decrease on comparable period (Q2 2019: 10,865,263).
  
  
• 527,664 ore tonnes mined, a 29% decrease on comparable period (Q2 2019: 746,583).
  
  
• 786,249 ore tonnes treated, an 11% decrease on comparable period (Q2 2019: 882,374).
  
  
• 1,547,114 carats recovered at an average grade of 1.97 carats per tonne, an 11% decrease on comparable quarter (Q2 2019: 1,730,147 carats at 1.96).

Q2 2020 Production Figures

	2020 Q2	2019 Q2	YoY Variance
Total tonnes mined (ore and waste)	6,836,110	10,865,263	-37%
Ore tonnes mined	527,664	746,583	-29%
Ore tonnes treated	786,249	882,374	-11%
Carats recovered	1,547,114	1,730,147	-11%
Carats recovered (49% share)