2 April 2018
Peregrine Diamonds Ltd. is pleased to announce the filing of a National Instrument 43-101 technical report titled 2018 Technical Report: Mineral Resource update for the Chidliak Project, Baffin Island, Nunavut, Canada and dated effective February 15, 2018 for its 315,123-hectare Chidliak project, located approximately 120 kilometres north-east of Iqaluit, the capital of Nunavut. The Technical Report is an update to a report with an effective date of June 3, 2016 and supports an updated 17.96 million carat Inferred Resource at CH-6 that was announced by a news release dated February 15, 2018, and a 4.23 million carat Inferred Resource at CH-7 that was announced May 5, 2016. Work on the Preliminary Economic Assessment by JDS Energy and Mining Inc. continues on schedule. Peregrine expects to receive the initial results in late June as previously announced.