Eric Friedland: Report of Acquisition of Shares of Peregrine Diamonds Ltd.
Thu Aug 28, 8:30 AMVANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 28, 2008) - Eric Friedland reports that, since his last early warning report dated May 29, 2007, he has acquired deemed beneficial ownership of a total of 2,430,834 common shares of Peregrine Diamonds Ltd. ("Peregrine"), representing 3.5% of the deemed outstanding common shares of Peregrine. Beneficial ownership of the common shares was acquired through transactions on the Toronto Stock Exchange and stock options granted by Peregrine.
Eric Friedland now has deemed beneficial ownership of 14,864,900 common shares of Peregrine (including 5,175,000 shares underlying stock options), representing 21.3% of the deemed outstanding common shares of Peregrine. Due to other treasury issuances of common shares by Peregrine, Eric Friedland's deemed beneficial ownership of common shares of Peregrine has decreased by 1.1% from the previously reported percentage of 22.4%. A copy of the related early warning report may be obtained from the SEDAR website ( www.sedar.com) or from Eric Friedland at (604) 408-8880. ERIC FRIEDLAND Contacts(604) 408-8880Eric Friedland
