Mountain Province Diamonds Publicizes Vote casting Effects from 2024 Annual Common Assembly of Shareholders

TSX: MPVD

TORONTO, July 11, 2024 /PRNewswire/ – Mountain Province Diamonds Inc. (“Mountain Province”, the “Company”) (TSX: MPVD) is happy to announce the result of vote casting through the shareholders for the election of the Board of Administrators throughout the digital 2024 Annual Common Assembly of Shareholders hung on June 27, 2024 (the “Annual Meeting”). A complete of 96,350,833 usual stocks had been voted on the Annual Assembly, representing roughly 45.54% of the exceptional usual stocks.

Graphic result of the votes for the election of administrators held on the Annual Assembly are move ahead beneath:

On the Annual Assembly, KPMG LLP had been re-appointed as auditor of the Corporate at remuneration to be fastened through the administrators.

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Concerning the Corporate

Mountain Province Diamonds is a 49% player with De Beers Canada within the Gahcho Kué diamond mine situated in Canada’s Northwest Territories. The Gahcho Kué Joint Project constituent is composed of a number of kimberlites which are actively being mined, advanced, and explored for week construction. The Corporate additionally controls greater than 113,000 hectares of extremely potential mineral claims and rentals environment the Gahcho Kué Mine that come with an Indicated mineral useful resource for the Kelvin kimberlite and inferred mineral assets for the Faraday kimberlites. Kelvin is estimated to include 13.62 million carats (Mct) in 8.50 million tonnes (Mt) at a grade of one.60 carats/tonne and price of US$63/carat, at February 2019. Faraday 2 is estimated to include 5.45Mct in 2.07Mt at a grade of two.63 carats/tonne and price of US$140/ct, at February 2019. Faraday 1-3 is estimated to include 1.90Mct in 1.87Mt at a grade of one.04 carats/tonne and price of US$75/carat, at February 2019. All useful resource estimations are in accordance with a 1mm diamond measurement base cut-off.

For additional data on Mountain Province Diamonds and to obtain information releases through e mail, discuss with the Corporate’s website online at www.mountainprovince.com.

Certified Particular person

The disclosure on this information let go of clinical and technical data referring to Mountain Province’s mineral homes has been reviewed and licensed through Mr. Dan Johnson, P.Eng., a director of Mountain Province Diamonds and Certified Particular person as outlined through Nationwide Software 43-101 Requirements of Disclosure for Mineral Tasks.

Warning Referring to Ahead Having a look Knowledge

This information let go comprises sure “forward-looking statements” and “forward-looking information” underneath appropriate Canadian and United States securities regulations in regards to the trade, operations and monetary efficiency and status of Mountain Province Diamonds Inc. Ahead-looking statements and forward-looking data come with, however aren’t restricted to, statements with recognize to operational hazards, together with conceivable disruption because of pandemic akin to COVID-19, its have an effect on on journey, self-isolation protocols and trade and operations, estimated manufacturing and mine year of the mission of Mountain Province; the belief of mineral hold estimates; the timing and quantity of estimated week manufacturing; prices of manufacturing; the week worth of diamonds; the estimation of mineral reserves and assets; the facility to lead debt; capital expenditures; the facility to procure lets in for operations; liquidity; tax charges; and forex alternate price fluctuations.  Apart from for statements of ancient truth when it comes to Mountain Province, sure data contained herein constitutes forward-looking statements. Ahead-looking statements are steadily characterised through phrases akin to “anticipates,” “may,” “can,” “plans,” “believes,” “estimates,” “expects,” “projects,” “targets,” “intends,” “likely,” “will,” “should,” “to be”, “potential” and alternative indistinguishable phrases, or statements that sure occasions or situations “may”, “should” or “will” happen.  Ahead-looking statements are in accordance with the reviews and estimates of control on the life the statements are made, and are in accordance with plenty of guesses and topic to plenty of dangers and uncertainties and alternative components that would purpose original occasions or effects to vary materially from the ones projected within the forward-looking statements.  Many of those guesses are in accordance with components and occasions that aren’t inside the keep watch over of Mountain Province and there is not any contract they’re going to end up to be proper.

Components that would purpose original effects to alter materially from effects expected through such forward-looking statements come with the advance of operation hazards which might stand on the subject of COVID-19, together with, however no longer restricted to protocols that could be followed to drop the unfold of COVID-19 and any have an effect on of such protocols on Mountain Province’s trade and operations, permutations in ore grade or fix charges, adjustments in marketplace situations, adjustments in mission parameters, mine sequencing; manufacturing charges; money tide; dangers when it comes to the supply and timeliness of allowing and governmental approvals; provide of, and insist for, diamonds; fluctuating commodity costs and forex alternate charges, the potential of mission value overruns or unanticipated prices and bills, labour disputes and alternative dangers of the mining business, failure of plant, apparatus or processes to perform as expected.

Those components are mentioned in higher quality in Mountain Province’s most up-to-date Annual Knowledge Method and in the newest MD&A filed on SEDAR+, which additionally grant supplementary basic guesses in reference to those statements. Mountain Province cautions that the foregoing checklist of noteceable components isn’t exhaustive. Traders and others who bottom themselves on forward-looking statements will have to in moderation imagine the above components in addition to the uncertainties they constitute and the danger they entail. Mountain Province believes that the expectancies mirrored in the ones forward-looking statements are cheap, however deny contract may also be for the reason that those expectancies will end up to be proper and such forward-looking statements integrated on this information let go will have to no longer be unduly relied upon. Those statements discuss simplest as of the life of this information let go.

Even supposing Mountain Province has tried to spot noteceable components that would purpose original movements, occasions or effects to vary materially from the ones described in forward-looking statements, there could also be alternative components that purpose movements, occasions or effects to not be expected, estimated or meant.  There may also be deny contract that forward-looking statements will end up to be correct, as original effects and week occasions may vary materially from the ones expected in such statements. Mountain Province undertakes deny legal responsibility to replace forward-looking statements if cases or control’s estimates or reviews will have to exchange aside from as required through appropriate securities regulations. The reader is cautioned to not park undue reliance on forward-looking statements. Statements regarding mineral hold and useful resource estimates will also be deemed to represent forward-looking statements to the level they contain estimates of the mineralization that will probably be encountered because the constituent is advanced. Mineral assets aren’t mineral reserves and would not have demonstrated financial viability.

Additional, Mountain Province might put together adjustments to its trade plans that would impact its effects. The essential belongings of Mountain Province are administered pursuant to a three way partnership underneath which Mountain Province isn’t the operator. Mountain Province is uncovered to movements taken or omissions made through the operator inside its prerogative and/or determinations made through the three way partnership underneath its phrases. Such movements or omissions might have an effect on the week efficiency of Mountain Province. Underneath its tide notice and revolving credit score amenities Mountain Province is topic to sure boundaries on its skill to pay dividends on usual accumulation. The declaration of dividends is on the discretion of Mountain Province’s Board of Administrators, topic to the restrictions underneath the Corporate’s debt amenities, and is dependent upon Mountain Province’s monetary effects, money necessities, week potentialities, and alternative components deemed related through the Board.

SOURCE Mountain Province Diamonds Inc.