Peregrine Diamonds Ltd.

I think buying shares under $2 will be a thing of the past sooner than later now that the Spring program is underway. Talked to someone who knows Peregrine quite well and the only comment he had at this time is that BHP wouldn't be spending millions if they didn't think Peregrine had a good chance of finding a large diamond discovery big enough for them to be interested in mining. As he says, Peregrine has already made significant discoveries but will it be large enough for BHP to mine. 2010 should tell the story. I really like the experience of the Peregrine management team and along with BHP, 2010 should be extremely exciting.

GLTA