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Dominion Diamond Consolidates Ownership Interest in the Ekati Diamond Mine

YELLOWKNIFE, Northwest Territories–(BUSINESS WIRE)–Dominion Diamond Corporation (TSX: DDC, NYSE: DDC) (the “Company” or “Dominion”) is pleased to announce an agreement with Archon Minerals Limited (“Archon”), to convert Archon’s participating joint venture interest in the Buffer Zone Joint Venture (“Buffer Zone”) at the Ekati Diamond Mine in Canada’s Northwest Territories to a royalty equal to 2.3% of all future gross revenue from diamonds produced from the Buffer Zone. As a result of this tr