Positive Micro-Diamond Results Received from DO-18 Kimberlite, WO Diamond Project, NWT, Canada

March 30, 2006 PDF version
Bulk Sample of DO-18 Planned for Summer 2006

March 30, 2006 - Vancouver, Canada - Peregrine Diamonds Ltd. (“Peregrine”) (TSX-V: PGD) is pleased to announce the results of caustic fusion analysis of micro-diamond samples by the Saskatchewan Research Council (“SRC”) from seven core holes drilled into the plus 3.5 hectare DO-18 kimberlite, WO Diamond Project, NWT, Canada, last Fall.

The results, together with the close proximity of DO-18 to the DO-27 kimberlite, are sufficiently encouraging to allow for the collection of a mini-bulk sample at DO-18 this summer in order to gain a better understanding of the grade and diamond quality of this kimberlite. More information regarding this sampling program will be released when the plans and permits are finalized.

The DO-18 kimberlite is located approximately 700 meters north of the plus nine hectare DO-27 kimberlite, which is currently undergoing a large bulk sampling program. Drilling and detailed core logging by Peregrine suggests that the DO-18 kimberlite is composed of 4 main kimberlite phases, all of which are distinct from those in DO-27.

KIMB-1 is volumetrically the most significant kimberlite unit in DO-18, comprising approximately 70% of the pipe infill and located primarily in the northern and central part of the pipe. This rock is classified as volcaniclastic kimberlite, possibly pyroclastic in origin. KIMB-2 is volumetrically the second most significant kimberlite unit in DO-18, comprising approximately 20% of the pipe infill and observed primarily in the southern part of the pipe. This unit is very similar to KIMB-1, but contains significantly more mud in the matrix, giving the kimberlite a brown colour. It is classified as a volcaniclastic kimberlite, and both pyroclastic and re-sedimentation process likely were important in the deposition of this unit. KIMB-3 is a volumetrically minor unit, comprising approximately 5% of the pipe, and is observed as layers within the KIMB-1 unit in the northern part of the pipe. It is mud-rich and is likely a re-sedimented kimberlite. The fourth unit, termed OTHER-KIMB, is also volumetrically minor, comprising approximately 5% of the pipe. It is present at the top of several drill holes in the northern part of the pipe. This unit is complex and is classified as volcaniclastic kimberlite which may be re-sedimented.

Representative material from the core holes have been combined by geological unit to give a better understanding of the micro-diamond distribution within each geological unit, and the results are as follows:

The presence of significant quantities of micro-diamonds at DO-18 together with DO-18’s proximity to DO-27, and the potential for the discovery of additional kimberlite bodies between DO-27 and DO-18 and within the claim boundaries, continue to enhance the potential of the WO Diamond Project. Peregrine looks forward to the results of bulk samples from both the DO-27 and DO-18 pipes, as well as results from the company’s ongoing regional diamond exploration programs in the NWT, Nunavut and Quebec, Canada.

Peregrine’s diamond exploration programs are conducted under the direction of Dr. Jennifer Pell, Vice President Exploration, P. Geo., (BC), P. Geo. (NT/NU), a qualified person under NI 43-101.

Peregrine is a well funded Canadian diamond exploration/development company that is managed by experienced geoscientists. The company is taking the plus 9 hectare DO-27 diamondiferous kimberlite into pre-feasibility, and is exploring for other diamondiferous kimberlites on its extensive land holdings in Canada. The company trades on the TSX-V Exchange under the symbol “PGD”.

Peregrine Diamonds Ltd.

Eric Friedland, President and CEO
Alan Carter, COO

Forward-Looking Statements: This document includes forward-looking statements. Forward-looking statements include, but are not limited to statements concerning Peregrine’s projects, pre-feasibility studies, and other statements that are not historical facts. When used in this document, the words such as “could,” “plan,” “estimate,” “expect,” “intend,” “may,” “potential,” “should,” and similar expressions are forward-looking statements. Although Peregrine Diamonds Ltd. believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risk and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements are