Peregrine Diamonds Ltd. PGDIF

RE: RE: RE: Grade of CH31

[Aberlour]

As this was a random sampling and given that the property has already demonstrated that large diamonds exist, it would follow that a larger sample should uncover more large diamonds.  It is possible that it is an outlier, but unlikely given everything else we know about the property.  One thing is certain, you'll never find a second, third and fourth large diamond if you haven't found the first.  The thing that made PGD exceptional from August 2008 was the discovery of a 2 ct.+ stone in the intial sample.  That makes the discovery of more large diamonds inevitable.