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MOUNTAIN PROVINCE DIAMONDS ANNOUNCES UPDATED LIFE OF MINE PLAN AND UPDATED MINERAL RESOURCE AND RESERVE ESTIMATE

Newswire.ca - Wed Aug 21, 4:40PM CDT

TSX and OTC: MPVD

TORONTO, Aug. 21, 2024 /CNW/ - Mountain Province Diamonds Inc. (TSX: MPVD) and (OTCQX: MPVD) ("Mountain Province", or the "Company") is pleased to announce today that it has completed an updated mineral reserve and mineral resource estimate and life of mine plan (the "LOM") in respect of the Gahcho Kué Mine, a joint venture between De Beers Canada Inc. (51%) and Mountain Province (49%), located 280 km northeast of Yellowknife, Northwest Territories.  The updated LOM is the result of engineering work done to steepen the pit walls, resulting in realization of further value at the Gahcho Kué mine.

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