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(2) VANCOUVER, BC / ACCESSWIRE / February 4, 2021 / Margaret Lake Diamonds Inc. ( Margaret Lake or the Company ) (TSX.V:DIA)(FKT:M85) is pleased to announce the acquisition of the Old Nick Nickel-Cobalt project in Southern British Columbia as referenced in BC MINFILE 082ESW055 and the Letain Nickel-Cobalt project in North-Western British Columbia. Letain pictured in Photo 1. Acquisition Terms Payments to the vendors, on a 50/50 basis , BC 1200059 Ltd. and BC 1258713 Ltd. as follows: (i) $10,000 upon TSXV approval or 30 days from execution which ever may come sooner; (ii) $10,000 90 days of TSXV approval; (iii) $30,000 6 months of TSXV approval; (iv) $300,000 prior to January 1, 2022; (v) $400,000 prior to August 1, 2023;

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