Management

Mr. Friedland has over 20 years of exploration and development experience in mining as well as mining finance and was the founder of Peregrine. Mr. Friedland was the President and Director of Fairbanks Gold Ltd. and played a primary role in the creation, development and financing of the Fort Knox gold discovery in Alaska and the subsequent sale of Fairbanks Gold and partners to Amax Gold Corp. for $86 million. He was formerly CEO and Director of Carson Gold Corp., which explored and developed gold mining assets in Venezuela, and which, as DiamondWorks Ltd., developed two producing diamond mines in Angola as well as the re-opening of the Koidu Diamond Mine in Sierra Leone. Mr. Friedland was also a Director of Ivanhoe Mines Ltd. from Ivanhoe's inception to its major copper gold discovery in Mongolia called Oyu Tolgoi. Mr. Friedland has a B.Sc. degree in Geophysics and Geology from the Colorado School of Mines.

Mr. Clements brings over 25 years of diamond exploration and kimberlite evaluation experience to Peregrine. As Vice President, Exploration for Ashton Mining of Canada Inc., he led the exploration team that discovered the diamondiferous Renard kimberlite cluster in Quebec in 2001 and the subsequent initiation of a pre-feasibility evaluation of four of the kimberlites. The pre-feasibility program included the collection of a 10,000-tonne bulk sample, development of an underground mine and the construction and commissioning of a 10-tonne per hour dense media separation plant. Prior to joining Ashton in 1998, Mr. Clements worked for Exmin Corporation from 1982-1997 where his last position was Regional Manager. As Regional Manager he was responsible for directing diamond exploration programs throughout the United States. Exmin was a subsidiary of Sibeka/Union Miniere, a Belgian company that operated the MIBA Diamond Mine in the Democratic Republic of Congo. Mr. Clements earned a M.Sc. in Economic Geology from the University of Arizona and a B.Sc. in Geology from Indiana University and has Professional Geologist registrations in Canada and the United States.

Rod Davey has a B.S. Mining Engineering from the University of Wisconsin and a M.S. Mining Engineering from Michigan Technological University. From 1996 to 1999, Mr. Davey was President of Diavik Diamond Mines Inc. where he was responsible for overseeing the pre-construction of Canada's second diamond mine including all feasibility engineering, environmental issues and government and community affairs. Mr. Davey began his career with Kennecott Corp. in 1964 and has held many senior positions with that company and its subsidiaries including Senior Vice President of Development for Diavik, Vice President and General Manager of Utah Copper Corporation., and Manager of Utah Copper Corporation's Bingham Canyon Mine. Mr. Davey is a member of the SME, President of the Utah Mining Association and past Member of the Board of the Canadian Mining Association. He has numerous engineering publications to his credit.

Mr. Shenton is a Certified General Accountant and has worked with the Ivanhoe Group of companies from November, 1989 until joining Peregrine. During this time he served as Chief Financial Officer for three Ivanhoe Group companies including Ivanhoe Nickel & Platinum Ltd., Jinshan Gold Mines Inc. and Asia Gold Corp. Mr. Shenton also held the position of Controller with Diamond Fields Resources Ltd., DiamondWorks Ltd. and Ivanhoe Mines Ltd.

Prior to joining Peregrine, Mr. Westerlund was Director, Corporate Development for Polaris Minerals Corporation which brought the Orca sand and gravel quarry on Vancouver Island from exploration to large-scale commercial production. From 2003 to 2006 he was Manager, Investor Relations at Ashton Mining of Canada Inc., a leading Canadian diamond explorer that discovered several diamond districts including Renard in Quebec. From 1999 to 2003 he was a Senior Investor Relations Associate at Ballard Power Systems, a leading developer of fuel cells as an alternative power source to combustion engines in vehicles and other applications. Mr. Westerlund holds a Masters of Business Administration from the University of British Columbia and a Bachelor of Science from Simon Fraser University.

Mr. Holmes, a geologist, has over 20 years experience in diamond exploration with the De Beers Group of companies. Most recently, Mr. Holmes was Divisional Manager -- Western Canada, for De Beers Canada Inc. -- Exploration Division, based in Yellowknife, NWT. In that role, he managed all diamond exploration and evaluation activities in Western Canada. He was also a member of the De Beers Venture Capital Project Team where he reviewed exploration results for possible joint venture and identified suitable partners.

From 1998 to 2000, Mr. Holmes was the Deputy Director--Geological Projects, De Beers Centenary AG, based in Moscow, Russia, where he was responsible for the field management of De Beers Joint Venture projects in western Russia including the Lomonosov Deposit Evaluation (Large Diameter Drilling and delineation programs), and various programs in the Arkhangelsk region.

From 1993 to 1998, Mr. Holmes was a Senior Geologist with Monopros Ltd/Finsearch Oy in Toronto, Ontario, where he managed field exploration programs in Finland. At that time he was nominated as a delegate to the De Beers Research Committee to review both internal De Beers research and external kimberlite and diamond studies.

Dr. Pell has a B.Sc. Honours in Geology from the University of Ottawa and a Ph.D. in Geology from the University of Calgary and has over 20 years experience in kimberlite research and diamond exploration. Dr. Pell held various positions in government, private industry and universities, including completing post-doctoral research on kimberlites and related rocks at the University of British Columbia. She was employed by the Department of Indian Affairs and Northern Development in Yellowknife, NWT, from 1992 to 1997 as a district geologist in charge of monitoring developments in exploration for diamond deposits in the Slave province and Arctic Islands and doing research on these deposits, where she was responsible for one kimberlite discovery on Somerset Island. From 1997 until 2002, she ran diamond exploration projects in Brazil, Tanzania and West Africa where she was responsible for the discovery of a number of diamondiferous kimberlites, one of which warranted bulk sampling. Most recently, Dr. Pell was employed as Vice President, Exploration for Dunsmuir Ventures Ltd., exploring for diamonds in Manitoba, NWT and Nunavut.

Prior to joining Peregrine, Mr. McBean was the Senior Supervisor for De Beers Canada Mining Inc.'s Specialized Geology and Mineral Resource Management Team, focusing on the Snap Lake Diamond Project. Mr. McBean had been associated with Snap for several years, having started initially with Winspear Resources Ltd. in January 1999 during their early delineation drilling and bulk sampling programs. Preceding his years with Snap, Mr. McBean was employed by Eldorado Gold Corporation working on both the La Colorada and La Trinidad gold mines, as well as, being involved in the geologic interpretation and modeling of the La Colorada, Gran Central and Minas Prietas mineralization zones. Before his tenure with Eldorado, Mr. McBean had worked on mapping and drilling projects throughout Canada, the United States and Mexico, exploring for gold, copper and silver, for a number of mineral exploration companies, including Homestake Mineral Development Company, Brittania Gold Corporation and Reliance Geological Services Inc. Mr. McBean graduated from the University of Saskatchewan in 1989 with a Bachelor of Science (Geology) and has more than 15 years of international mineral exploration experience covering a broad range of responsibilities from grass roots prospecting to advanced project resource management. He is a Professional Geologist registered with both The Association of Professional Engineers and Geoscientists of BC and The Association of Professional Engineers, Geologists and Geophysicists of the N.W.T and Nunavut.

Mr. Grenon graduated from the University of Sherbrooke in 1997 with an (Honours) Bachelor of Science degree and completed the program of Bachelor in Geography and immediately began work with DeBeers Canada Exploration Inc. Initially his work experience was on advanced diamond exploration and evaluation programs in Russia, including the Lomonosov bulk sampling project in the Arkhangelsk region, followed by the underground large diameter RC bulk sampling at the Premier Diamond Mine in South Africa . Following this, Mr. Grenon was involved as Project Manager on sediment sampling and exploration drill programs in northern Manitoba and Quebec . Prior to accepting a position with Peregrine Diamonds, Mr. Grenon was De Beers' Project Manager "Directeur Technique" in the Central African Republic, responsible for the design and implementation of modern drainage sampling programs in 2005-2006.

After graduation with an (Honours) Bachelor of Science degree in Geophysics from the University of Western Ontario in 2002, Mr. Sell was employed by DeBeers Canada Exploration Inc. as Project Geophysicist based in DeBeers' Yellowknife , NWT office until 2005. His responsibilities included the design and interpretation of all airborne and ground geophysical surveys in the Northwest Territories and western Nunavut which lead to kimberlite discoveries. Subsequently in 2005-2006, Mr. Sell worked at Diavik Diamond Mines Inc. as Consulting Geophysicist and was involved in successful programs that culminated in several kimberlitic discoveries during both years.