Premium Exploration Inc.
TSX VENTURE : PEM

Premium Exploration Inc.

July 06, 2010 12:55 ET

Premium Exploration Announces the Sudden Passing of Chief Executive Officer-Wilf Struck

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 6, 2010) - It is with great sadness and regret that Premium Exploration Inc. ("Premium") (TSX VENTURE:PEM) announces the sudden passing of our friend, Chief Executive Officer and Geological Engineer, Mr. Wilf Struck. He was an integral member of our exploration, management team and Board of Directors, and contributed significantly to the exploration success and geological understanding of the Chrome Mountain and Idaho Gold properties.

The Board of Directors, Employees, and Consultants of Premium would like to offer sincere condolences to Wilf's wife Cathy, his family and friends.

Mr. Del Steiner, President, said, "Both Premium and I have lost a great friend and colleague, the blow is personally overwhelming. His passion, dedication, and desire was evident in his work, and it is now up to us to carry forward and sustain his vision. Our thoughts and prayers are with Wilf's family at this time of great sorrow."

In the interim, Mr. Steiner will re-assume the role of Chief Executive Officer and Chairman of the Board.

Wilf's passing is a loss not only to his family and many friends but also to the mineral exploration community. He will long be remembered.

Premium will post more details of services on the company website, as they come available.

ON BEHALF OF THE BOARD OF DIRECTORS

Del Steiner, President

About Premium Exploration Inc.

Premium Exploration Inc. (TSX VENTURE:PEM) explores and develops North American gold, silver, Platinum and Palladium. 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 which includes an NI 43-101 gold resource, as well as a PGM exploration project in Montana. 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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