Peregrine Diamonds Ltd. PGDIF

Cash Tender - An Example

[Oregonduck]

(NOTE : Facsimile instructions only. PGD's Transfer Agent is Computershare) Upon surrender to Computershare Trust Company of Canada of certificates representing the shares that were outstanding immediately prior to the effective time of the arrangement, together with a duly completed and executed letter of transmittal, XXX Company registered shareholders, will receive the cash consideration pursuant to, and subject to the terms and conditions of, the plan of arrangement. Any questions registered shareholders may have regarding payment of the cash consideration, including any requests for an additional copy of the letter of transmittal, should be directed to the depositary via telephone at 1-800-564-6253 (toll-free in North America) or via e-mail at [e-mail]. Non-registered holders of shares that were outstanding immediately prior to the effective time of the arrangement whose shares are registered in the name of a broker, investment dealer, bank, trust company or other nominee should contact that nominee for instructions and assistance in depositing such shares and arranging for payment of the cash consideration pursuant to the arrangement...The arrangement was approved by shareholders of the company on _ day, _month, 2018. The Ontario Superior Court of Justice granted its final order approving the arrangement on (_day,_month, 2018). XXX company has applied to delist the shares from the Toronto Stock Exchange.