Peregrine Diamonds Ltd.

Peregrine Diamonds Ltd.

April 25, 2007 08:00 ET

Peregrine Diamonds Ltd.: DO-27 Bulk Sample Processing to Begin April 30, 2007

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 25, 2007) - Peregrine Diamonds Ltd. (TSX:PGD) ("Peregrine") today announced that BHP Billiton's Ekati™ Diamond Mine sample plant will begin processing Peregrine's 2007 bulk sample from the plus nine hectare DO-27 kimberlite pipe, WO Diamond Project, NT, Canada, on April 30, 2007.

The 2007 large diameter reverse circulation drilling (LDRC) bulk sample program has recovered approximately 2,420 wet tonnes of kimberlite to date, with drilling still on-going. The kimberlite has been collected in 1,586 individual sample bags from 26 large diameter drill holes. The samples have been transported to Ekati™ for processing.

In addition to providing substantially more diamonds for valuation, the processing will supply additional information regarding the diamond grade and diamond distribution within DO-27.

The sample processing plant will operate on a 24 hours-per-day, seven days-per-week basis, with completion, including the picking and sorting of all the diamonds, anticipated in August, 2007.

Jennifer Pell, Ph.D., P.Geo., Chief Geoscientist for Peregrine, is the Qualified Person under NI 43-101 for the WO Diamond Project.

Peregrine is a well-funded Canadian diamond exploration/development company that is managed by experienced geoscientists. In addition to completing a third bulk sampling program on its WO Diamond Project, NT, Peregrine is also exploring for other diamondiferous kimberlites on its extensive land holdings in Canada. The Corporation trades on the Toronto Stock Exchange under the symbol "PGD".

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", "confident", "plan", "estimate", "expect", "anticipated", "intend", "likely", "may", "potential", "should", "scheduled", "significant", 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 disclosed in the corporation's periodic filings with Canadian regulators.

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