Premium Exploration Inc.
TSX VENTURE : PEM

Premium Exploration Inc.

March 25, 2009 13:20 ET

Premium Exploration Announces Private Placement to Advance Gold Projects

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 25, 2009) - Premium Exploration, Inc. (TSX VENTURE:PEM) (the "Company") (http://www.premiumexploration.com/) is pleased to announce that it intends to raise up to $500,000 through a private placement of 5,000,000 Units (the "Unit") at $0.10 per Unit. Each Unit will consist of one Common Share (a "Share") and one-half (1/2) of a non-transferable Warrant (a "Warrant"). Each whole Warrant will be exercisable for a period of two years at an exercise price of $0.30 in the first year and $0.50 in the second year.

The proceeds from the private placement will be used for production permitting on the Buffalo Gulch gold project, exploration drilling on the high-grade gold zone at Friday-Petsite's 531,890 oz gold inferred resource (NI 43-101) both of which are located in Idaho, USA, and general working capital. The funds raised will include up to 10% finder's fees in cash or shares.

The proposed private placement is subject to TSX Venture Exchange acceptance.

About Premium Exploration, Inc.

Premium Exploration, Inc. is a unique explorer and developer of world-class precious metals projects with significant potential for near-term production and growth. Premium's extensive portfolio holds advanced stage gold, silver and platinum group metals projects located in the USA and Mexico.

Listed on the TSX Venture Exchange (TSX VENTURE:PEM), Premium has attracted a world-class team of executives, advisors, metallurgists, geological and mining engineers, and consultants who are committed to achieving our plan of discovering and developing projects to production; some of the most profitable stages of exploration. http://www.premiumexploration.com/

All prospective and current shareholders of Premium Exploration are invited to join the Company's official investment forum exclusively at Pinnacle Digest: http://www.pinnacledigest.com/company/pem:ca. The forum allows for investor controlled discussion, questions and progressive feedback from other shareholders and investors. Third party reports on the company are also available at http://www.pinnacledigest.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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information