20 June 2016
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 “Mineral Resource Estimate for the Chidliak Project, Baffin Island, Nunavut” and dated effective June 3, 2016 (the “Technical Report”) for its 513,249 hectare Chidliak project and the adjacent 51,147 hectare Qilaq project, located approximately 120 kilometres north-east of Iqaluit, the capital of Nunavut. The Technical Report is an update to a report dated February 23, 2015 and supports an updated 11.39 million carat Inferred Resource at CH-6 that was announced by news release dated April 7, 2016, and a maiden 4.23 million carat Inferred Resource at CH-7 that was announced May 5, 2016.