Peregrine Diamonds Ltd

Peregrine Diamonds Ltd. is a public Canadian diamond exploration company founded by Eric Friedland in 2003, and listed on the TSX under the symbol PGD. Peregrine became public in 2006 through the acquisition of Dunsmuir Ventures, a TSX listed company. Peregrine’s primary focus is on developing kimberlites on its 100%-owned Chidliak project on Baffin Island, Nunavut, Canada in support of a Phase-1 diamond mine; unlocking value in its DO-27 project and on greenfield diamond discovery in itsBotswana prospecting licenses.The Chidliak project is located approximately 120 kilometres from Iqaluit, the capital of Nunavut. Peregrine first discovered kimberlite on the project in 2008, with the surface discoveries of the CH-1, CH-2 and CH-3 kimberlite pipes. Since 2008, a total of 74 kimberlites have been identified at Chidliak, 45 of which are diamondiferous, as indicated by microdiamond testing results. Eight kimberlites are potentially economic and additional microdiamond sampling of other pipes may increase this number.

Peregrine continues to evaluate other diamond exploration projects it controls in Nunavut and the Northwest Territories, and continues to work towards discovering new diamond districts in North America. Peregrine holds the nine hectare DO-27 kimberlite, located 27 kilometres from the Diavik Diamond mine, on its 72.1 percent-owned WO property in the Lac de Gras region of the Northwest Territories. The DO-27 kimberlite hosts an Indicated Mineral Resource of 18.2 million carats of diamonds in 19.5 million tonnes of kimberlite at a grade of 0.94 carats per tonne.Industry experts predict that without significant new discoveries in the coming years, the global demand for diamonds will soon outstrip supply. Through its 100 percent interest in the Chidliak project in Nunavut, its 72.1 percent ownership interest in the DO-27 kimberlite and its quality diamond exploration projects, Peregrine is well-positioned to contribute to the world’s diamond supply in the future.