Peregrine Diamonds Announces Transfer of Assets to Peregrine Exploration and Commencement of Exploration Initiatives

24 March 2015

Peregrine Diamonds Ltd. ("Peregrine Diamonds" or "the Company") (TSX:PGD) is pleased to report that the following diamond properties have now been transferred to its wholly owned subsidiary Peregrine Exploration Ltd. ("Peregrine Exploration"):
•    the Lac de Gras project in the Northwest Territories 
•    the Nanuq and Nanuq North properties in Nunavut