Peregrine Announces Filing of Preliminary Prospectus for Rights Offering

11 August 2014

Vancouver, BC - Peregrine Diamonds Ltd. ("Peregrine" or the "Company") (TSX:PGD) announces that it has filed a preliminary short form prospectus in respect of a proposed financing through a rights offering of units ("Units") to its shareholders. The offering will be open to all shareholders in all of the provinces and territories of Canada other than Quebec, and in such other jurisdictions where the Company is eligible to make the rights offering.