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Press release from Marketwire

Peregrine Announces $3 Million Private Placement

Tuesday, December 17, 2013

Peregrine Announces $3 Million Private Placement

17:10 EST Tuesday, December 17, 2013

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 17, 2013) - Peregrine Diamonds Ltd. ("Peregrine") (TSX:PGD) is pleased to announce a non-brokered private placement of 4,616,222 common shares at a price of $0.65 per share for gross proceeds of $3,000,544 (the "Placement"). The common shares issued under the Placement will be sold on a "flow-through" basis pursuant to the Income Tax Act (Canada) and purchased by institutional investors. A cash fee equal to six percent of the gross proceeds will be paid as a Finder's Fee to Secutor Capital Management Corp., an Investment Industry Regulatory Organization of Canada member firm.

Proceeds from the Placement will be used for Peregrine's mineral exploration projects in Canada. The Placement is subject to regulatory approval.

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact Information:
Peregrine Diamonds Ltd.
Mr. Eric Friedland
CEO
604-408-8880


Peregrine Diamonds Ltd.
Mr. Brooke Clements
President
604-408-8880


Peregrine Diamonds Ltd.
Mr. Tom Peregoodoff
Executive VP, Business Development
604-408-8880


Peregrine Diamonds Ltd.
Investor Relations
604-408-8880
investorrelations@pdiam.com

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