Peregrine Diamonds Ltd.

Peregrine Diamonds Ltd.

December 03, 2007 08:41 ET

Peregrine Diamonds Ltd.: Brooke Clements Joins Peregrine Diamonds As President

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 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".

Contact Information

  • Peregrine Diamonds Ltd.
    Jim Crawford
    Manager - Investor Relations
    (604) 408-8880
    (604) 408-8881 (FAX)