March 30, 2006  News Release

Positive Micro-Diamond Results Received from DO-18 Kimberlite, WO Diamond Project, NWT, Canada

Bulk Sample of DO-18 Planned for Summer 2006

Kettle River Resources Ltd. (“Kettle River”) has been informed by Peregrine Diamonds Ltd. (“Peregrine”) operator, the results of caustic fusion analysis of micro-diamond samples by the Saskatchewan Research Council (“SRC”) from seven core holes drilled into the plus 3.5 hectare DO-18 kimberlite, WO Diamond Project, NWT, Canada, last fall.

“The results, together with the close proximity of DO-18 to the DO-27 kimberlite, are sufficiently encouraging to allow for the collection of a mini-bulk sample at DO-18 this summer in order to gain a better understanding of the grade and diamond quality of this kimberlite.  More information regarding this sampling program will be released when the plans and permits are finalized.”

“The DO-18 kimberlite is located approximately 700 meters north of the plus nine hectare DO-27 kimberlite, which is currently undergoing a large bulk sampling program. Drilling and detailed core logging by Peregrine suggests that the DO-18 kimberlite is composed of 4 main kimberlite phases, all of which are distinct from those in DO-27.”

“KIMB-1 is volumetrically the most significant kimberlite unit in DO-18, comprising approximately 70% of the pipe infill and located primarily in the northern and central part of the pipe.  This rock is classified as volcaniclastic kimberlite, possibly pyroclastic in origin.  KIMB-2 is volumetrically the second most significant kimberlite unit in DO-18, comprising approximately 20% of the pipe infill and observed primarily in the southern part of the pipe.  This unit is very similar to KIMB-1, but contains significantly more mud in the matrix, giving the kimberlite a brown colour.  It is classified as a volcaniclastic kimberlite, and both pyroclastic and re-sedimentation process likely were important in the deposition of this unit.  KIMB-3 is a volumetrically minor unit, comprising approximately 5% of the pipe, and is observed as layers within the KIMB-1 unit in the northern part of the pipe.  It is mud-rich and is likely a re-sedimented kimberlite.  The fourth unit, termed OTHER-KIMB, is also volumetrically minor, comprising approximately 5% of the pipe.  It is present at the top of several drill holes in the northern part of the pipe.  This unit is complex and is classified as volcaniclastic kimberlite which may be re-sedimented.”

“The presence of significant quantities of micro-diamonds at DO-18 together with DO-18’s proximity to DO-27, and the potential for the discovery of additional kimberlite bodies between DO-27 and DO-18 and within the claim boundaries, continue to enhance the potential of the WO Diamond Project.  Peregrine looks forward to the results of bulk samples from both the DO-27 and DO-18 pipes.”

“Peregrine's diamond exploration programs are conducted under the direction of Dr. Jennifer Pell, Vice President Exploration, P. Geo., (BC), P. Geo. (NT/NU), a qualified person under NI 43-101.”

Kettle River owns one third of DHK Diamonds Inc. a private company that has a 20% interest in the WO Project representing a 6.67% contributing interest.

For further information contact Brian McClay at 604 689 7902 or Ellen Clements at 1 800 856 3966

On Behalf of the Board of Directors,

 “Signed”