Peregrine Diamonds Ltd. is a diamond exploration and development company focused on Canada's North. Peregrine has discovered two new diamond districts in Nunavut, Nanuq and Chidliak. At its 100 percent-owned Chidliak project, 67 kimberlites have been discovered to date. Peregrine collected a bulk sample weighing 404.2 dry tonnes from the CH-6 kimberlite in 2013. The grade for the sample was 2.78 carats per tonne for commercial-size diamonds larger than the 0.85 mm sieve size and 2.58 carats per tonne for diamonds larger than the 1.18 mm sieve size. An independent diamond valuation on a 1013.5 carat parcel was completed in February 2014. The average price was US $213 per carat. In May 2014 the Company announced a maiden Canadian NI 43-101-compliant Inferred Mineral Resource for CH-6 of 7.47 million carats of diamonds in 2.89 million tonnes of kimberlite to a depth of 250 metres at a grade of 2.58 carats per tonne. The 2014 exploration program at Chidliak is ongoing and preparations are underway for an important 2015 resource definition program that will be designed to advance Chidliak towards the feasibility stage.