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

VANCOUVER, BRITISH COLUMBIA, Dec 03 (MARKET WIRE) --
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".

Contacts:
Peregrine Diamonds Ltd.
Jim Crawford
Manager - Investor Relations
(604) 408-8880
(604) 408-8881 (FAX)
Email: jim@pdiam.com
Website: www.pdiam.com

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