Premium Exploration Inc.

Premium Exploration is pleased to announce that Mr. Mike Vint, B.Sc., P.Eng, has been appointed to the Board of Directors of the Company. Mr. Vint is Vice President of Mining for Endeavour Financial Corp., an advisory service specializing in debt, mergers and acquisitions, and corporate finance where he is responsible for mine technical analysis. He has over 18 years of industry experience primarily in mine [...]

Premium Exploration is pleased to announce that it has filed a preliminary short form prospectus in the Provinces of British Columbia, Alberta and Ontario for a previously announced offering of units led by Alliance Industrial Securities Inc. and Casimir Capital Ltd.for gross proceeds of up to $7.5 million. The Units will be comprised of one common share in the capital of the Corporation and one-half of one common [...]

Premium Exploration is pleased to announce that the first six of nine holes drilled in the 35 km2 Deadwood Zone have resulted in four widely-spaced gold discoveries in host rocks identical to the Friday Zone. These discoveries are located 12 km north of the Friday Zone, which hosts a current NI 43-101 compliant resource of 343,000 oz indicated (11.8 Mt @ 0.90 g/t Au) and 879,000 oz inferred (26.4 Mt @ 1.04 g/t Au) at [...]

Premium Exploration is pleased to announce that Mr. Ken Booth has been appointed to the Company's Board of Directors. Commensurate with the development of the Idaho Gold Project, Premium is realigning its team and Board of Directors to further the development of the property. In line with this strategy, Mr. Booth brings over 30 years of experience in mining and exploration, corporate finance, and the management of [...]

Premium is pleased to announce that it has entered into a financing agreement with a group of agents led by Alliance Industrial Securities Inc. and Casimir Capital Ltd. for gross proceeds of up to $7.5 million through the sale of units. The Units will be priced in the context of the market. The Units will be offered by way of short form prospectus in Canada, and may be offered in such other jurisdictions outside of [...]

Premium Exploration is pleased to announce the latest results from step-out drilling which has increased the strike length of the Friday Main Zone an additional 200m to the south for a total strike length 1,700m, representing a 113% increase. Given the demonstrated potential for significant resource expansion, planning is underway for an infill drill program focused on Friday-Petsite resource growth.

Premium Exploration is pleased to announce a drill program update and surface grab sample results from the recently acquired patented claims within the Deadwood Zone at the Idaho Gold Project. Surface grab samples have returned encouraging grades from two different mineralised systems. Premium's primary focus is a lower grade, bulk-tonnage target; however a higher grade cross-cutting quartz vein system has been [...]

A correction from source is being issued with respect to the release issued, October 3rd, 2011 at 4:00 pm ET. Under the "Highlights" section, PFR2011-12 was reported as 0.9 g/t Au over 7.3m within 0.5 g/t Au 93.3m and should read 0.9 g/t Au over 7.3m within 0.5 g/t Au 39.3m, as it did in the table of intercepts. The complete and corrected version follows.

Premium Exploration is pleased to announce that the latest results of step-out holes drilled as part of the ongoing 25,000m program have significantly increased the strike length of the Friday Main Zone by 284m to the south, for a total strike length of 1,500m. The Main Zone strike extent has been increased by 700m by the Phase-Four drilling program to date and remains open along trend.

Premium Exploration has initiated a property review of the Chrome Mountain Platinum Group Metals ("PGM") Project located within the Stillwater Complex, Montana, USA. The Company has retained 100% ownership of Chrome Mountain after the expiry of a joint venture with its previous partner Beartooth Platinum Corp.