Peregrine Announces Q1 and Q2 Kimberlites at 100% Owned Qilaq Project Are Diamondiferous

Peregrine Diamonds Ltd. (TSX:PGD) reported encouraging diamond results from the first two kimberlites discovered on the Company’s 100 percent-owned, 854,000 hectare Qilaq project.

The press release is quoted as saying:

Qilaq is located on Hall Peninsula, northeast of Iqaluit, the capital of Nunavut, Canada, and is adjacent to Peregrine’s Chidliak project (“Chidliak”) where, as reported in a news release on September 16, 2010, the Company has discovered 50 kimberlites since July, 2008. A 62.7 kilogram sample from Q1 yielded 38 diamonds larger than 0.106 mm sieve size including one diamond larger than the 0.600 mm sieve size, and a 241.5 kilogram sample from Q2 yielded 253 diamonds larger than 0.106 mm, including three diamonds larger than 0.600 mm.

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