Tuesday, March 15, 2016

Mountain Province Diamonds - MPV.t

Mountain Province Diamonds - MPV.t is a Canadian diamond exploration and development company headquartered in Toronto, Ontario.

In joint venture with De Beers, Mountain Province is developing the world's largest and richest new diamond mine—the Gahcho Kué Project, located in Canada's Northwest Territories.

On March 14, 2016 the company released News
Mountain Province Updates Gahcho Kué Diamond Mine Development
 Overall project more than 87 percent complete
 On plan for first production in H2 2016
 Appointment of Mine General Manager
Toronto and New York, March 14, 2016 – Mountain Province Diamonds Inc. (“Mountain
Province”, the “Company”) (TSX: MPV, NASDAQ: MDM) is pleased to announce that
development of the Gahcho Kué diamond mine is progressing according to plan with the overall
project more than 87 percent complete and on track for first production during H2 2016.
Patrick Evans, Mountain Province President and CEO, commented: “We continue to make
excellent progress at Gahcho Kué. Key areas of focus are remaining earthworks,
commissioning of the primary crusher and diamond plant, pre-stripping and stockpiling of
kimberlite as well as preparations for operational readiness.”

Mountain Province is also pleased to announce that the Gahcho Kue Joint Venture has
appointed Allan Rodel as the mine general manager. Mr. Rodel joined the De Beers Group in
1997 and has held a number of senior management positions, including that of Gahcho Kue
project manager since 2013. Mr. Rodel has an honors degree in chemical engineering from the
University of Natal and resides in Yellowknife, N.T.

In addition to Mr. Rodel, nine senior operational appointments have been made at Gahcho Kue,
including the mining manager, engineering and maintenance manager, ore processing manager
and technical services manager. Under the leadership of Mr. Rodel and the operations
management team, commissioning of the Gahcho Kue mine is well underway.