News Release Correction To Second Quarter 2024 Sales Price per Carat

About this update from Mountain Province Diamonds Inc.

[{"type":"text","content":"\n\n\n\n News Release Correction To Second Quarter 2024 Sales Price per Carat\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n TSX and OTC: MPVD\n \n\n\n\n\n TORONTO\n \n\n ,\n \n\n July 14, 2025\n \n\n /CNW/\n \n -\n \n Mountain Province Diamonds Inc. (\"Mountain Province\", the \"Company\") (TSX: MPVD) (OTC: MPVD) today announces a correction to its news release dated\n \n July 10, 2025\n \n entitled \"Mountain Province Announces Second Quarter 2025 Production and Sales Results, Details of Second Quarter 2025 Earnings Release, and Conference Call\".\n \n\n The news release incorrectly referred to the average selling price for the second quarter ended\n \n June 30, 2023\n \n and as a result incorrectly stated that the average selling price per carat, for the second quarter ended\n \n June 30, 2024\n \n (\"Q2 2024\") was CA$166 per carat (\n \n US$124\n \n per carat). The correct average selling price for Q2 2024 was CA$102 per carat (\n \n US$74\n \n per carat).\n \n\n This correction does not change any other information reported in the\n \n July 10, 2025\n \n news release and no other matters require correction.\n \n\n\n About Mountain Province Diamonds Inc.\n \n\n\n\n Mountain Province Diamonds\n \n is a 49% participant with De Beers Canada in the Gahcho Kué diamond mine located in\n \n Canada's\n \n\n Northwest Territories\n \n . The Gahcho Kué Joint Venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company also controls more than 96,000 hectares of highly prospective mineral claims and leases surrounding the Gahcho Kué Mine that include an Indicated mineral resource for the Kelvin kimberlite and Inferred mineral resources for the Faraday kimberlites. Kelvin is estimated to contain 13.62 million carats (Mct) in 8.50 million tonnes (Mt) at a grade of 1.60 carats/tonne and value of\n \n US$63\n \n /carat. Faraday 2 is estimated to contain 5.45Mct in 2.07Mt at a grade of 2.63 carats/tonne and value of\n \n US$140\n \n /ct. Faraday 1-3 ...

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