Premium Exploration Inc.
TSX VENTURE : PEM

Premium Exploration Inc.

October 21, 2009 10:27 ET

Premium Exploration Appoints Pro-edge Inc. to Provide Investor Relations

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 21, 2009) - Premium Exploration Inc. (TSX VENTURE:PEM) ("Premium") has engaged Pro-edge Consultants Inc. ("Pro-edge") of Toronto, Ontario to provide investor relations services. Pro-edge was founded in 2001 and is a highly regarded investor relations firm with an international network of investors. Pro-edge has a select group of emerging growth companies and provides an array of consulting services to facilitate fair market valuation.

Tracy Weslosky, Managing Partner of Pro-edge, commented: "We are substantially impressed with Premium's CEO Wilf Struck's professional mining engineering background and long term shareholder vision. Backed with the support of an equally impressive management team, Premium's projects are located in historically productive areas."

Pro-edge will receive a monthly stipend of $5,000.00 over the term of its contract. In addition, Pro-edge has been granted 300,000 stock options with a term of five years at an exercise price of $0.25. The stock option grant to Pro-edge is subject to approval by the TSX Venture Exchange.

Wilf Struck, CEO, stated, "I am looking forward to working closely with Tracy Weslosky and Fred Cowans of Pro-edge and getting Premium's story out to a broader audience."

About Premium Exploration Inc.

Premium Exploration Inc. (TSX VENTURE:PEM) is an explorer and developer of precious metals projects with significant potential for near-term production and growth. Our prfojects are located in the USA and Mexico; stable regions where we have a history of success. Our team is committed to unlocking mineral wealth for our shareholders by discovering, developing, and permitting precious metals assets to production. The Company's portfolio includes one of the largest land packages in Idaho, including an NI 43-101 gold resource, a PGM exploration project in Montana, and a past-producing silver project in Mexico. For additional information, please visit us at www.premiumexploration.com.

This press release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Security Exchange Act of 1934, and involves a number of risks and uncertainties. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX Venture Exchange and the British Columbia Securities Commission. All statements, other than of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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