Mountain Province Diamonds appoints Karen Goracke to its Board of Directors

– CANADA, Toronto – Mountain Province Diamonds Inc. (TSX: MPV, NASDAQ: MDM) is pleased to announce the appointment of Karen Goracke to the Company’s board of directors.

Ms. Goracke is President and CEO of Borsheims Fine Jewelry, a Berkshire Hathaway company. She began her career at Borsheims in 1988 as a Sales Associate, but soon was promoted. In her time at Borsheims she has worked as inventory supervisor, watch buyer, ladies jewelry buyer, director of merchandising, and, in 2013, was named President and CEO by Berkshire Hathaway Chairman Warren Buffett.

Ms. Goracke graduated from the University of Nebraska–Kearney with Bachelors of Science degrees in Business Administration and Organizational Communication. She serves as a Director with the Jewelers Vigilance Committee, the leading compliance organization in the jewelry and gem industry, as well as on a number of other boards and committees within the gem and jewelry industry.

Jonathan Comerford, chairman of Mountain Province Diamonds, welcomed Karen Goracke to the Mountain Province board, noting: “As Mountain Province prepares for its first sale of rough diamonds from the Gahcho Kué mine, we look forward to the contribution Karen will make in helping us understand the dynamics of the world’s largest diamond retail market in the United States”.

Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Kué diamond mine located in Canada’s Northwest Territories. Gahcho Kué consists of a cluster of four diamondiferous kimberlites, three of which have a probable mineral reserve of 35.4 million tonnes grading 1.57 carats per tonne for total diamond content of 55.5 million carats.

Gahcho Kué is the world’s largest and highest grade new diamond mine. A 2014 NI 43-101 feasibility study report filed by Mountain Province indicates that the Gahcho Kué project has an IRR of 32.6%.

Mountain Province’s share of the diamond production from the Gahcho Kué mine will be sold on open tender in Antwerp through the respected diamond broker, Bonas. The Company’s first rough diamond sale will take place in January, 2017, and approximately every five weeks thereafter.

For more information : http://www.mountainprovince.com

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Talent4Boards Team

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