Peregrine Diamonds announces completion of plan of arrangement

13 September 2018

Peregrine Diamonds Ltd. announces that De Beers Canada Inc. has completed the previously announced acquisition of all of the issued and outstanding shares of Peregrine by way of a plan of arrangement and is the owner of all of the outstanding securities of Peregrine. The Arrangement was approved by the Supreme Court of British Columbia in its final order dated September 10, 2018.  The Arrangement was completed pursuant to the Canada Business Corporations Act. Pursuant to the terms of the Arrangement, Peregrine shareholders received $0.24 in cash for each Peregrine share held.  Peregrine will be de-listed from the Toronto Stock Exchange effective September 14, 2018 at the close of trading and Peregrine will cease to be a reporting issuer shortly thereafter.