PREMIER is a North American focused exploration and development company with multiple gold projects located in the heart of proven mining districts in North America. Several projects are within the prolific Superior Sub-Province of Ontario, widely considered to be one of the world's most endowed mineral regions and the birthplace of several world class Canadian gold producers. The Company is ramping up its acquisition efforts in the United States, starting with a key project in Nevada's Carlin Trend, one of the largest and most productive accumulations of gold deposits in North America. Premier Gold Mines' business model is designed to shorten the pathway to exploration success, while reducing Company shareholders' exposure to risk, by focusing on:

• PROVEN mining districts
• ACCESSIBLE regions
• HIGH GRADE deposits
• SAFE jurisdictions

While many companies rely on large sums of capital and precious time to convert vast, often remote land holdings into manageable exploration programs, Premier chooses to shorten the "exploration cycle" by making focused decisions at the outset — when land is being acquired.

The Company holds a strategic property portfolio, unrivaled in the industry, with core projects that are all potential "company-makers" in their own right. Premier believes there is a "World of Opportunity" out there, and intends to continue making investment decisions that will secure it for the Company's shareholders of today and tomorrow.

Red Lake is quite simply the high grade gold capital of the world and the #1 address in Canada for high grade gold discoveries. Since 1995, there have been five significant gold discoveries in the Red Lake area, four of which are high grade. Within Red Lake, more than 30 million ounces of gold have been discovered along the prestigious "Mine Trend."

Premier's Marquis Property in Red Lake is a 49% interest in the Rahill-Bonanza Project, a joint venture with Red Lake Gold Mines (RLGM), an affiliate of Goldcorp Inc. Some key aspects of the property include:

• It occurs along the least explored portion of the prolific Mine Trend.
• It resides immediately west of Goldcorp's world class RLGM mining complex and east of Goldcorp's newest high grade deposit, the Bruce Channel Deposit.
• It contains one recently discovered gold deposit and two historic deposits, each of which could host much sought after "high grade gold" at depth.

Goldcorp has announced a trade-off study where construction of a high-speed tram to connect the Red Lake Gold Mines complex and the Cochenour (Bruce Channel) Mine complex is the favoured method to develop its new deposit. A portion of this tram may pass through, or in close proximity to, the joint venture project providing an excellent exploration platform. This tram will intersect several kilometres of some of the highest potential and untested geology along the main Red Lake "Mine Trend". The Red Lake Gold Mine is considered to be one of the world's richest gold mines with production of more than 18 million ounces of gold and nearly 10 million ounces of resources. Work on this haulage drift project has already commenced.

Premier believes the Rahill-Bonanza Project simply represents the "best positioned gold property anywhere", making Premier a compelling investment opportunity and significantly undervalued compared to other junior explorers in the district.

Premier also has three other properties in Red Lake: East Bay, Lennie, and Newman-Madsen.

Premier's 100%-owned Lennie Property is an early-stage exploration project located on the northeast property boundary of RLGM within a geological environment that mirrors the world class mine itself.

The East Bay Project is a 35% Premier and 65% RLGM joint venture located northeast of Rubicon's recently discovered "F2 Zone" at East Bay.

Newman-Madsen is a 50% Premier and 50% Sabina Silver Corporation joint venture located southwest of the Red Lake Gold Mines. Numerous gold deposits and mines are located proximal to this property, including the nearby past producing Madsen Gold Mine that produced approximately 2.8 Million ounces of gold — the third largest mine in the Red Lake camp.

Premier intends to spend between $3 million and $5 million on Red Lake area projects in 2010 and anticipates press releases quarterly or as results warrant, beginning in Q1.

The Hardrock Project, located in the Beardmore-Geraldton Greenstone Belt of Northwestern Ontario, is consistent with all the hallmarks of Premier's business model and is a core holding in its exploration portfolio. Premier is currently earning a 70% interest in the project. Many past-producing sites in Canada are undergoing a renaissance and today are being recognized for their exceptional potential to host future world class discoveries. Recent discoveries in Red Lake (Red Lake Gold Mines, Bruce Channel) and at Malartic underscore the importance of exploration in such historic camps.

The Hardrock Project comprises approximately a 15-kilometre long property package that overlies more than 3.0 million ounces of past gold production in a district that has historic production in excess of 4.0 million ounces. The property lies only a few kilometers south of the Town of Geraldton, which is serviced by the Trans-Canada Highway, Trans-Canada Pipeline, and Hydro line. Exploration is conducted year round.

The Hardrock Project contains some 1 million ounces of historic (non-NI 43-101 compliant) gold resources having potential to be mined in part by both open pit and underground methods. Premier believes that these historic resources, while attractive in their own right, are only an indication of the true potential of this district.

In 2009, Premier planned an aggressive $10 to $12 million exploration program with the goal of tabling a second NI 43-101 compliant mineral resource estimate amenable to underground mining by Q3 2010. In order to achieve this, Premier has planned the following exploration program:

• Some 50,000 metres of diamond drilling in delineation and exploration configurations.
• Focus within 300 to 1200 metres from surface.
• Target areas of existing mineralization and those with high potential for discovery based on the Company's geological model.

Given the pace at which Premier's 2010 program is being conducted, shareholders and potential shareholders can anticipate press releases updating results and progress on the Hardrock Project on a regular (bi-weekly to monthly) basis.

On June 15, 2010 Premier closed the acquisition of Saddle Gold Inc. Saddle Gold owned, among other things, the mineral rights in respect of a majority portion of the Saddle Gold Deposit and a 1.5% production royalty on the Emigrant Springs Deposit, both located in Elko County, Nevada on the prolific Carlin Trend.

The Carlin Trend in northeastern Nevada forms one of the largest and most productive accumulation of gold deposits in North America and boasts +110 M ounces of production, reserves, resources and mineral inventory.

The Saddle Property is host to the extension of the Rain Mine ("Rain") orebody that was previously mined by Newmont Mining Corporation ("Newmont") by open pit and underground methods. Up to 80% of the Saddle Deposit is located on the property in which Saddle Gold has a 100% mineral interest. The Saddle Deposit is host to a historic (Source: Rain Sub-district Abstract dated 2002 by Longo, Thompson, Harlan) mineral resource estimate of some 3.99 million tons (3.62 million tonnes) at a grade of 0.37 oz/ton (12.69 g/t) gold for 1,455,000 ounces of gold. (Readers are cautioned that while the resource estimate and analysis were undertaken by competent professionals, a qualified person has not done sufficient work to classify the historical estimate as a current mineral resource. While viewed as relevant, Premier is not treating the historical estimate as current mineral resource and the historical estimate should not be relied upon.) The Saddle Deposit is one of several deposits discovered by Newmont during the 1990's to the northwest of, and down plunge from, Rain.

The acquisition of Saddle Gold represents a new chapter in Premier's strategy to build a significant presence in proven, accessible and low-risk jurisdictions that offer opportunities for the discovery of high grade gold deposits. Premier was attracted to the Saddle Gold opportunity for a number of reasons including:

• Premier would be the only company with core land packages and existing gold deposits within Nevada's "Carlin Trend" and Red Lake's "Mine Trend", two of the world's most prolific and high grade gold mining districts.
• The Saddle Deposit ranks as a potentially significant high-grade gold deposit that remains open for expansion and is located proximal to existing surface and underground infrastructure.
• There is potential for additional discoveries, similar to the Saddle Deposit, to be made.
• Through the royalty in the Emigrant Springs Deposit, Premier would participate in one of Newmont's potential future mine development projects.
• US-based assets would be beneficial to Premier if the price of gold rises as a result of a relative decrease in the value of the US dollar.

With the acquisition of Saddle Gold, Premier is poised to benefit from, and possibly consolidate, the high-grade underground potential in the area. The Saddle Deposit is not subject to any "NSR" royalty obligations.

The Emigrant Springs royalty consists of a 1.5% production royalty in Newmont's Emigrant Springs Deposit. Emigrant Springs is an advanced-stage project which is host to 1.2 million ounces (Source: Newmont Mining Corporation 2009 Annual Report, page 33, footnote (4)) of undeveloped reserves that represent a portion of Newmont's potential future production within its Carlin operations and is located only 1.5 miles east of Saddle. The Emigrant Springs royalty, when coupled with Premier's existing royalty in PC Gold's Pickle Crow Project, provides the opportunity for Premier to consider growing a "Royalty Division" with potential multiple income streams.

The PQ-North Project, located in the Musselwhite District of Northwestern Ontario, some 300 kilometres northeast of Red Lake, is a very strategic property within Premier's property portfolio, owing to its location in proximity to Goldcorp's Musselwhite Mine and to the strong potential for discoveries to be made early in the exploration cycle. The property is within 10 kilometres of the Musselwhite Mine surface infrastructure and is accessed by road in winter and by road and lake in summer. Exploration can be conducted year round at PQ-North.

The Musselwhite Mine has operated continuously since 1997. As of December 31, 2008, total reserves and resources exceeded 3.2 million ounces. The ore zones that make up the Musselwhite deposit (210,000 ounces produced in 2008) occur within an iron formation unit that is known to also occur on the PQ-North property.

The location of PQ-North, potentially down-plunge from Musselwhite, is particularly important when considering the following facts:

• The apparent mine grade at the Musselwhite Mine is increasing as mineralized zones are mined down-plunge to the north (toward PQ-North).
• The frequency of new discoveries (some closer to surface than current mining) at Musselwhite is increasing as exploration migrates to the north (toward PQ-North), increasing the number of ounces kilometer.
• Historic diamond drilling at PQ-North includes an intercept of 23.42 g/t Au across 5.3 metres within a Musselwhite-style host rock.
• The 2007 Goldcorp Annual Report confirmed, "Drilling on the North Shore [in close proximity to PQ-North] ..... indicate high potential for resource expansion. This strong potential has led to a study to test the economics of constructing a new shaft at Musselwhite."

Premier strongly believes that PQ-North may host a gold deposit similar to the multi-million ounce deposit characteristic of the Musselwhite Mine.

For 2010, Premier plans to spend approximately $2 million at PQ-North following up on significant drill intercepts of the 2009 drill program with the goal of clearly demonstrating that significant Musselwhite-style mineralization is likely. As well, several new prospective targets will be explored throughout this drill campaign.

Premier anticipates reporting results at PQ-North on a monthly to quarterly basis beginning in Q2 2010.

EWAN S. DOWNIE
Position: CEO, President and Director

Since 1989, owner and founder of Vytyl Exploration Services, a contracting business in mineral development and exploration for a wide variety of clients including Placer Dome Canada Inc., Noranda Mining and Exploration Company Ltd., Canmine Resources, and many others. Vytyl has conducted exploration and geophysical contracts on advanced projects such as the Musselwhite and Campbell Mines (Placer), Eagle River Mine (River Gold), GECO-Manitouwadge (Noranda), and Werner Lake (Canmine).

Mr. Downie is also involved with the following companies as a director: Source Exploration, Mega Precious Metals Inc., Newstrike Resources Ltd., PC Gold Inc., Benton Resources Corp., and Marksmen Capital Inc.

In 2004, Mr. Downie was part of the exploration team for Wolfden Resources Inc. that received the Prospectors & Developers Association of Canada (PDAC) '2003 Bill Dennis Prospector of the Year Award'. Mr. Downie was also presented with the 2003 Developer of the Year award from the Northwestern Ontario Prospectors Association. He also received the Bernie Schnieders Discovery of the Year Award for 2005.

RICHARD J. HALL
Position: Chairman, Director

Mr. Hall brings to Premier 35 years of mining exploration and development experience. Currently, he sits on the boards of several other mineral exploration and development companies including Grayd Resource Corporation. Until recently, Mr. Hall served as President and Chief Executive Officer of Metallica Resources Inc., where he was involved in all aspects of the company's development including the financing, construction and commissioning of the Cerro San Pedro gold-silver mine in Mexico. While at Metallica, the La Fortuna deposit was discovered in Chile (487 million tones at 0.56% Cu and 0.44 g/t Au) and was brought through to a final feasibility study in conjunction with Metallica's operating partner on the project, Xstrata Copper. In August 2008, Metallica was part of a $1.6 billion merger with Peak Gold Ltd. and New Gold Inc. Previous to his tenure at Metallica, Mr. Hall held senior management positions with Dayton Mining Corporation and Pegasus Gold Corporation. Mr. Hall holds a Bachelor and a Masters Degree in Geology and an MBA from Eastern Washington University.

STEPHEN McGIBBON
Position: Executive Vice-President and COO

Mr. McGibbon is a Professional Geologist with over 23 years of exploration, mine production and management experience. He graduated from Queen's University at Kingston in 1983 with a Bachelor of Science degree in Geological Sciences. Upon graduation in 1983, and prior to his tenure as Exploration Manager, Mr. McGibbon held positions of increasing responsibility in Red Lake with Goldcorp Inc. and its predecessor companies Goldquest Exploration Inc. and Dickenson Mines Limited, leading to Chief Geologist in 1995. From 2001 until June of 2006 he has served as Exploration Manager for Goldcorp Inc. at its flagship Red Lake Mine operation. His focus in Archean terranes and experience with shear-hosted, lode gold deposits dovetail very well with Premier's current assets.

Mr. McGibbon brings to Premier a very successful track record in gold exploration and development, being a senior member of the team at Goldcorp that discovered the "High Grade Zone" at Red Lake. The High Grade Zone is world renowned as the world's highest grade gold deposit and one of the most important gold discoveries made in the last 20 years. In his capacity as Chief Geologist and Exploration Manager, he lead the talented team of geologists that helped transform the marginal, high-cost operation into an unparalleled mining success. Recently, Mr. McGibbon was a member of the senior team that integrated the Red Lake Mine and Placer Dome's Campbell Mine as part of Goldcorp's recent purchase of Placer's Canadian mining and exploration assets. Mr. McGibbon is a disciplined geologist and team-builder who helped foster a spirit of innovation at Goldcorp.

TIM TWOMEY
Position: Exploration Manager

Tim Twomey is Exploration Manager for Premier Gold Mines Limited. Tim's efforts will be focused primarily within Canada's Superior Subprovince.

Tim is a professional geologist with over 25 years of exploration, production and management experience. He brings to Premier a "golden" track record that includes playing a key role in Goldcorp's "High-Grade Zone" discovery, development and production at Red Lake. The High-Grade Zone is one of the most important gold discoveries made in the last 20 years. It is an unparalleled mining success and regarded as the highest grade gold mine in the world. More recently, and until joining Premier, Tim was Senior Exploration Geologist with Goldcorp's Regional Exploration Team in the Red Lake Area.

Prior to working with Goldcorp, Tim explored for base and precious metals in mines and bush camps of Northern Ontario and Saskatchewan, including the Thunder Bay and Kirkland Lake regions. He graduated from Lakehead University in Thunder Bay, in 1983 with an Honours B.Sc. degree in Geology.

In coming to Premier, Tim Twomey states that, "I've chosen to become part of a management team whose vision to create new mineral wealth and prosperity for all stakeholders is consistent with mine. I want to become an integral part of creating Canada's boldest gold exploration and development company".

Corporate Information on Stockhouse

Ewan S. Downie President & CEO

Since 1989, owner and founder of Vytyl Exploration Services, a contracting business in mineral development and exploration for a wide variety of clients including Placer Dome Canada Inc., Noranda Mining and Exploration Company Ltd., Canmine Resources, and many others. Vytyl has conducted exploration and geophysical contracts on advanced projects such as the Musselwhite and Campbell Mines (Placer), Eagle River Mine (River Gold), GECO-Manitouwadge (Noranda), and Werner Lake (Canmine). Mr. Downie is also involved with the following companies as a director: Source Exploration, Mega Precious Metals Inc., Newstrike Resources Ltd., PC Gold Inc., Benton Resources Corp., and Marksmen Capital Inc. In 2004, Mr. Downie was part of the exploration team for Wolfden Resources Inc. that received the Prospectors & Developers Association of Canada (PDAC) '2003 Bill Dennis Prospector of the Year Award'. Mr. Downie was also presented with the 2003 Developer of the Year award from the Northwestern Ontario Prospectors Association. He also received the Bernie Schnieders Discovery of the Year Award for 2005.

© 2010 Canadian Newspaper Services International Limited