10 March 2015
Peregrine Diamonds Ltd. ("Peregrine" or "the Company") (TSX:PGD) is pleased to report the final caustic fusion diamond results from the 2014 Diamond Resource Development Program at Peregrine's 100% owned Chidliak diamond project ("Chidliak") in Nunavut, Canada. Caustic fusion analyses were performed on representative drill core from the CH-6, CH-7, CH-44 and CH-46 kimberlite pipes by the Saskatchewan Research Council Geoanalytical Laboratories. These four pipes lie within the Southern Priority Area, an area approximately eight kilometres in diameter that contains seven of the eight kimberlite pipes that Peregrine has been focused on since 2012.