December 3, 2007
Vancouver, British Columbia, Canada - Monday, December 3, 2007 -
Peregrine Diamonds Ltd. (“Peregrine” or “the Company”) (TSX: PGD) is
pleased to announce that Mr. Brooke Clements has joined the company
today as its President.
Mr. Eric Friedland, previously Peregrine’s President, will continue as Chairman of the Board and Chief Executive Officer.
Mr. Clements brings over 20 years of diamond exploration and kimberlite
evaluation experience to Peregrine. As Vice President, Exploration for
Ashton Mining of Canada Inc. (“Ashton”), 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 (“Exmin”) 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.
Mr. Clements will oversee Peregrine’s promising diamond exploration
programs in Canada and the evaluation of diamond opportunities
world-wide. Accomplishments by the Company in 2007 include the
collection and processing of a 2,651 tonne bulk sample from the DO-27
kimberlite pipe in the Northwest Territories and the discovery of a new
diamondiferous kimberlite field within the Nanuq property in the eastern
Arctic region of Nunavut.
Peregrine is a Canadian diamond exploration/development company that is
managed by experienced geoscientists. The Company is completing a
Preliminary Technical Assessment on the nine hectare DO-27 kimberlite
and is evaluating other diamondiferous kimberlites it has discovered on
its extensive land holdings in Canada. Peregrine trades on the Toronto
Stock Exchange under the symbol “PGD”.
For further information, please contact Jim Crawford, Manager - Investor Relations at 604-408-8880 or at firstname.lastname@example.org
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