Peregrine Diamonds Ltd. reported that Mr. Peter Meredith has been elected to the Board of Directors. Peregrine has also accepted the resignation of Mr. Rod Davey from the position of Chief Operating Officer and Mr. Jonathan Challis from the Board of Directors. Messrs. Davey and Challis will continue as consultants to the company.

Peregrine Diamonds Ltd. reported the commencement of a bulk sampling program at the CH-6 kimberlite, as part of a $5 million work plan, on the company's 100%-owned Chidliak project located on Baffin Island, 120 kilometres from Iqaluit, the capital of Nunavut, Canada. The Project is subject to an option agreement with De Beers Canada whereby De Beers has the exclusive right until December 31, 2013 to enter into an earn-in and joint venture agreement for Chidliak on a 50.1% De Beers /49.9% Peregrine basis. The bulk sample will weigh approximately 200 tonnes and be collected by surface trenching. If that grade is confirmed with further testing, CH-6 would be one of the highest grade kimberlite pipes in the world. The field portion of the bulk sampling program will commence in early February and be completed by mid-April. Sample processing for the recovery of commercial-sized diamonds, with subsequent independent diamond valuations, is expected to commence in the fourth quarter, or earlier in the event De Beers has entered into the Chidliak JV Agreement. The diamond grade and value information acquired from the 200 tonne sample will allow for the development of a preliminary revenue model for CH-6 and serve as the foundation for future resource calculations. The bulk sampling program, currently being funded by Peregrine, is budgeted at $3 million.

Peregrine Diamonds Ltd., Annual General Meeting, Mar 14, 2013., at 10:00 Pacific Standard Time. Location: 201 - 1250 Homer Street. Agenda: To receive the audited financial statements of the company for the financial year ended September 30, 2012 with auditor's report thereon; to elect seven directors for the ensuing year; to appoint the auditor for the ensuing year; to consider an ordinary resolution to approve Amendment No. 7 to the company's Stock Option Plan (the ‘Plan’) to increase the number of shares available for issuance under the Plan, as more particularly described in the accompanying Management Proxy Circular; and to transact such other business as may properly come before the Meeting or any adjournment thereof.