Mountain Province Diamonds Appoints Vice President Finance

TORONTO AND NEW YORK, Jan. 29, 2013 /PRNewswire/ - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPV, NYSE MKT: MDM) is pleased to announce the appointment of Bruce Ramsden, B. Com., ACIS as Vice President Finance and CFO-designate effective February 1, 2013.

Mr. Ramsden is an experienced finance executive with more than 30 years experience. Most recently, Mr. Ramsden served as Vice President Finance, CFO and Corporate Secretary of Andean American Gold Corp. prior to the acquisition of that company by Lupaka Gold Corp. last September. Prior to that, he served as VP Finance and CFO of St Andrew Gold Fields Ltd. (2002 - 2005) and Vaaldiam Mining Inc., formerly Tiomin Resources Inc. (2005 - 2010).

"We are pleased to welcome Bruce to Mountain Province Diamonds at an important time in the Company's transition", said Patrick Evans, President and CEO. "Bruce's financial skills, experience in the Canadian resource sector and particular experience arranging debt finance facilities will contribute to our continued success as we prepare for the development of the Gahcho Kué diamond mine."

Mr. Ramsden will also assume the position of chief financial officer and corporate secretary effective May 1, 2013, upon the departure of the Company's current CFO and corporate secretary on April 30, 2013.