5 July 2018
Peregrine Diamonds Ltd. is pleased to announce the filing of a National Instrument 43-101 technical report titled Updated Preliminary Economic Assessment NI 43-101 Technical Report Chidliak Project, Nunavut, Canada and dated effective May 23, 2018 for its Chidliak project, located approximately 120 kilometres north-east of Iqaluit, the capital of Nunavut. The 2018 PEA is an update to a maiden Preliminary Economic Assessment report with an effective date of July 7, 2016 and also includes minor revisions to the positive Preliminary Economic Assessment that was announced by news release dated May 23, 2018. The Technical Report summarizes the Preliminary Economic Assessment completed by JDS Energy & Mining Inc. (“JDS”). Additional detailed work completed since the release of results on May 23, 2018 are included in the filed 2018 PEA, and revisions to the initial base case results are summarized in the full release.