Lithoquest Diamonds Launches 2018 Drilling Program for the North Kimberley Diamond Project

Lithoquest Diamonds Launches 2018 Drilling Program for the North Kimberley Diamond Project

Vancouver, British Columbia (FSCwire) – Lithoquest Diamonds Inc. (TSX-V: LDI) ("Lithoquest", or the "Company") announced today. as it launched the 2018 drilling program on its 100% owned North Kimberley diamond project in Western Australia

The platform arrived at the site and was deployed to the target 702 where the company recovered micro-diamonds from a small sample of outcrops (see release April 2, 2018). Lithoquest anticipates target drilling tests 701 and 702 during the program. The rig is configured to recover HQ and NQ size cores suitable for geological interpretation and diamond badysis, and the results will be published as soon as they are available.

In addition, fieldwork identified three new kimberlite priority targets. The targets are characterized by coincident ground geophysical anomalies and are supported by historical results that include kimberlite indicator minerals as well as diamonds. A request for a work program to drill the new targets has been submitted to the Department of Mines, Industrial Regulation and Safety of Western Australia. Field work to identify other targets of interest will continue until August

Qualified Person

The technical content of this press release was reviewed and approved by Bruce Counts, P.Geo., President, Chief Executive Officer and Director of Lithoquest Diamonds Inc. and Qualified Person under National Instrument 43-101

About Lithoquest Diamonds Inc.

Lithoquest is a Canadian diamond exploration company focused on the discovery and development of economic diamond deposits on its North Kimberley Diamond Project, located in western Australia. , about 65 km east of the community of Kalumburu.

Neither the TSX Venture Exchange nor its regulator (as defined in the policies of the TSX Venture Exchange) has revised or accepts responsibility for the sufficiency or accuracy of this release.

PROSPECTIVE INFORMATION

This news includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, the Company's strategic plans, future operations, future work programs and objectives. Forward-looking information is necessarily based on a number of estimates and badumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other risks. factors that could materially defer actual and future results. by such forward-looking information. There can be no badurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in this information. Therefore, readers should not place undue reliance on forward-looking information. All forward-looking information in this press release is as of the date hereof and is based on the opinions and estimates of management and information available to management as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

For more information, please contact:
Lithoquest Diamonds Inc.
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