Will Purcell Streetwire - DO27 sample update

PEREGRINE STILL A BUSY DRILLER

Street Wire

by Will Purcell

Eric Friedland's Peregrine Diamonds Ltd. is still drilling up kimberlite from the lake ice at its DO-27 project southeast of Lac de Gras and has surpassed its unstated target of 2,000 tonnes by a significant margin. The company has further good news, as BHP Billiton Diamonds Inc. will start processing the big sample at its Ekati mine on April 30. The sample should give Peregrine enough diamonds to provide a good estimate of the value within the old Tli Kwi Cho pipe.

The sample

Thanks to continued cool weather, Peregrine still has a drill running. The company has recovered about 2,420 tonnes of wet kimberlite since it started its third sampling program in December. In 2005, the first sample produced about 150 tonnes out of a planned 200-tonne test, while the company managed just 560 tonnes out of a planned 2,000 tonnes the following year.

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Financing increased to $1Million

PRIVATE PLACEMENT INCREASES TO $1MILLION

News Release

Ms. Ellen Clements reports

Kettle River Resources Ltd. is continuing with the non-brokered private placement first announced in Stockwatch on March 26, 2007, and is increasing the amount to be raised from $800,000 to $1-million with the issuance of five million units. There is no change in the terms with each unit consisting of one common share and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional share of the company for a period of one year from closing at an exercise price of 30 cents per share.

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$800,000 Financing for WO JV Project

$800,000 NON BROKERED PRIVATE PLACEMENT

Kettle River Resources Ltd.( TSX-V: KRR) (the “Company”) announces that it has entered into a non-brokered private placement raising up to $800,000 CDN at $0.20 issuing up to 4,000,000 units. Each unit will consist of one common share and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional share of the Company for a period of one year from closing at an exercise price of $0.30 per share.

Allowable commission may be payable in cash or securities, or a combination of both, in compliance with the guidelines of the TSX Venture Exchange policies.

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Will Purcell update on bulk sample progress WO Project

PEREGRINE DRILLS LARGER BULK TEST

Street Wire

by Will Purcell

Cold winter weather in the La de Gras region is allowing Eric Friedland's Peregrine Diamonds Ltd. to get a good start on its bulk sample of the core region of the DO-27 pipe. The company is still shying away form tonnage predictions, but the work is going much better than last year and Peregrine should have a large parcel of diamonds for valuation later this year.

The drilling

Peregrine started drilling at DO-27 late last year, but its first holes probed the northeastern part of the kimberlite from land. Late last month, the company had over 300 tonnes of rock and at the current drilling rate, it has likely doubled that figure. If so, Peregrine would now have more kimberlite than it recovered through its full 2006 program.

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Levano joins board of directors, private placement closes

PRIVATE PLACEMENT, LEVANO JOINS BOARD

Kettle River Resources Ltd.(TSX-V: KRR) (the “Company”) announces that Stephen (Steve) Levano has replaced Brian McClay on the board of directors and the audit committee.  Steve has been involved as a shareholder of the Company for over 10 years and has an extensive business and education background. He possesses a BA in Economics and a MBA in International Finance and has over 30 years of investment experience with natural resource companies.  Steve has operated a petroleum analysis and vessel inspection business. The company performs U.S. Customs approved custody transfers in the New York Harbor region.  Larry Widmer and Ellen Clements are the directors currently representing Kettle River on the board of DHK Diamonds Inc.

The Company announces it has closed the $412,500 non-brokered private placement announced January 25, 2007 having received TSX Venture Exchange acceptance on February 21, 2007, Submission No. 122223.  This issuance of 2,750,000 shares will result in fully diluted share capital of 18,953,611 and includes all unexercised warrants and options granted.

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TSX accepts $412,500 Placement

TSX ACCEPTS PLACEMENT

TSX Venture Exchange news release

Kettle River 2.75-million-share private placement

2007-02-21 16:22 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 25, 2007.

Number of shares:  2.75 million

Purchase price:  15 cents per share

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Update - W.Purcell

KETTLE RIVER PONDERS PARTICIPATION OPTIONS

Street Wire   Stockwatch.com

by Will Purcell

Kettle River Resources Ltd. made its latest cash call on time, but its continued participation in the DO-27 project remains uncertain, says its president, Ellen Clements. The company expects to meet a second cash call in the spring, which will give it a look at the results of a new bulk sample. From there, all bets are off.

The shrinking share

Ms. Clements said Kettle River and Dentonia Resources Ltd. each paid half of the latest bill for the project, now called DO-27. The full tab, $757,394, covered the contribution for a third DHK company, Horseshoe Gold Mining Inc. She said the two companies were giving their partner until the end of February to pay its part of the bill before diluting its share, "in the interest of good partner relations."

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$412,500 financing and WO Project update

$412,500 NON BROKERED PRIVATE PLACEMENT WO PROJECT UPDATE

Kettle River Resources Ltd.(TSX-V: KRR) (the “Company”) announces that it has entered into a non-brokered private placement raising up to $412,500 CDN at $0.15 issuing up to 2,750,000 units.  Each unit will consist of one common share and one non-transferable share purchase warrant.  Each warrant will entitle the holder to purchase one additional share of the Company for a period of one year from closing at an exercise price of $0.25 per share.

Allowable commission may be payable in cash or securities, or a combination of both, in compliance with the guidelines of the TSX Venture Exchange policies.

The share price at the close of trading on January 25, 2007 was $0.15.

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