June 30, 2005
Eric Friedland, President, and Alan Carter, Chief Operating Officer, of
Peregrine Diamonds Ltd., are pleased to announce that Mr. Peter Holmes
has been appointed Manager, DO-27 Project. As Manager, Mr. Holmes will
be responsible for all aspects of the Scoping Study and subsequent
Pre-Feasibility Study on the DO-27 Diamond Project.
Mr. Holmes, a geologist, has over 15 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, Northwest Territories.
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
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.
Peregrine also wishes to announce that SRK Consulting (Canada) Inc.,
Vancouver, has been retained to prepare a Scoping Study on the DO-27 and
DO-18 kimberlites. As part of the Study, SRK is advising Peregrine on
the resource delineation, geotechnical, and exploratory core drilling
programs that will begin next month at the DO-27 and DO-18 kimberlite
On Behalf of the Board of Directors
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