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Market Overview

Dominion Diamond Shareholders Approve Transaction with The Washington Companies


Dominion Diamond Corporation (TSX:DDC, NYSE:DDC) (the "Company" or
"Dominion") today announced that at the special meeting (the "Meeting")
of the shareholders of the Company (the "Shareholders") held earlier
today, Shareholders overwhelmingly approved the previously-announced
plan of arrangement (the "Arrangement") pursuant to which Northwest
Acquisitions ULC, an entity affiliated with The Washington Companies,
has agreed to acquire all of the issued and outstanding common shares of
the Company for US$14.25 per share in cash.

Approximately 99.32% of the shares represented at the Meeting in person
or by proxy, were voted in favour of the special resolution approving
the Arrangement. Details of the voting results will be filed under the
Company's profile on SEDAR, which is available online at,
and on EDGAR at

The Company intends to apply for the final order of the Ontario Superior
Court of Justice (Commercial List) to approve the Arrangement on
September 22, 2017. The closing of the Arrangement remains subject to
the Company having a minimum cash balance of US$150 million if closing
occurs on or before November 30, 2017, or US$200 million if closing
occurs after November 30, 2017, and certain other customary closing
conditions, including court approval and the receipt of Investment
Canada Act (Canada) approval. Assuming the timely satisfaction of these
closing conditions, the Arrangement is expected to close in the fourth
quarter of calendar 2017.

Shareholders who have questions or require assistance with submitting
their shares to the Arrangement, including with respect to completing
the applicable letter of transmittal, are asked to contact AST Trust
Company (Canada), who is acting as depositary under the Arrangement, at
1-800-387-0825 (toll free in North America) or at 416-682-3860 (collect
outside North America), or by email at

About Dominion Diamond Corporation
Dominion Diamond
Corporation is a Canadian mining company and one of the world's largest
producers and suppliers of premium rough diamond assortments to the
global market. The Company operates the Ekati Diamond Mine, in which it
owns a controlling interest, and owns 40% of the Diavik Diamond Mine,
both of which are located in the low political risk environment of the
Northwest Territories in Canada. It also has world-class sorting and
selling operations in Canada, Belgium and India.

Forward-Looking Statements
Certain statements
included in this news release may be considered forward-looking. Such
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results, performance or achievements to be
materially different from those implied by such statements, and
therefore these statements should not be read as guarantees of future
performance or results. All forward-looking statements are based on the
Company's current beliefs as well as assumptions made by and information
currently available to the Company and relate to, among other things,
anticipated date of hearing of the final order in relation to the
Arrangement, anticipated timing of closing of the transaction, the
satisfaction of closing conditions including, without limitation, (i)
Investment Canada Act (Canada) approval, (ii) necessary court approval
in connection with the Arrangement, and (iii) other closing conditions,
including, without limitation, the operation and performance of the
Dominion business in the ordinary course until closing of the
transaction, maintenance by Dominion of a minimum cash balance in the
amounts as specified in the arrangement agreement dated July 15, 2017
entered into by and between Dominion and the Purchaser (the "Arrangement
Agreement") with respect to the Arrangement, and compliance by Dominion
with various covenants contained in the Arrangement Agreement.

Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this news
release. Due to risks and uncertainties, including the risks and
uncertainties identified by the Company in its public securities filings
available at
actual events may differ materially from current expectations. The
Company disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.

For more information, please visit

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