24 February 2015
Peregrine Diamonds Ltd. (“Peregrine” or “the Company”) (TSX:PGD) is pleased to announce the filing of a National Instrument (“NI”) 43-101 technical report titled “2015 Technical Report for the Chidliak Project, 66° 21’ 43” W, 64° 28’ 26” N Baffin Region, Nunavut” and dated effective January 26, 2015 (the “Technical Report”) for its 582,477 hectare Chidliak project and the adjacent 51,147 hectare Qilaq project, located approximately 120 kilometres northeast of Iqaluit, the capital of Nunavut. The Technical Report is an update to a report dated July 7, 2014 and supports an updated 8.57 million carat Inferred Resource at CH-6 that was announced by news release dated January 26, 2015 and clarified on January 27, 2015. The Technical Report also summarizes additional drilling at CH-6, CH-7 and CH-44 completed in 2014 which resulted in increased tonnage estimates of targets for further exploration (“TFFE”) for those kimberlite pipes and provides information on the 2014 exploration program at Chidliak.