Premium Exploration Inc.
TSX VENTURE : PEM

Premium Exploration Inc.

April 12, 2011 16:28 ET

Premium Exploration Announces Stock Option Grant

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 12, 2011) - Premium Exploration Inc. (TSX VENTURE:PEM) ("Premium" or the "Company") announces that subject to TSX Venture Exchange approval, it has granted 100,000 stock options to certain consultants of the Company. The options are exercisable for a period of five years at a price of $0.65. Any shares issued on the exercise of these stock options will be subject to a four-month hold period from the date of the grant.

About Premium Exploration Inc.

Premium Exploration Inc. (TSX VENTURE:PEM) is focused on gold exploration at its district-sized land package along the Orogrande Shear Zone ("OSZ") in North-Central Idaho, USA. The "OSZ" is a +30 km regionally-significant trending structure with multiple known zones of gold mineralization and similar to many large gold belts, like the Carlin Trend in Nevada. Armed with a proven exploration strategy, advancing gold resources, and 30 Km of drill-ready targets, Premium is well positioned to create shareholder value through exploration and the development of this emerging gold district. 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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