Premium Exploration Inc.
TSX VENTURE : PEM

Premium Exploration Inc.

December 08, 2006 18:44 ET

Premium Exploration, Inc. Announces Increase in Financing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 8, 2006) - Premium Exploration, Inc. (TSX VENTURE:PEM) (the "Company") (www.premiumexploration.com) is pleased to announce that its private placement has been increased from $500,000 to $550,000 under the same terms and conditions as announced in the November 9th press release.

About Premium Exploration, Inc.:

Premium Exploration, Inc. is a precious metals exploration company focused on exploration in North America. The Company is listed on the TSX Venture Exchange and has assembled an innovative and experienced management and advisory team who are committed to the long-term success of the Company. Premium's goal is to discover precious metal deposits that are strategically located in areas that would allow their profitable extraction, with minimal political, social or environmental risks. Current holdings are in Mexico and the USA. To maximize the possibility of realizing this goal, the company's exploration team continues to review early-stage projects located within under-explored precious metal belts that host multi-million ounce deposits. By acquiring prospects internally and financing some of them through joint venture partners, the company is able to maximize the potential for discovery while mitigating risk and increasing shareholder value.

More information can be found on our website at http://www.premiumexploration.com or on the SEDAR website at http://www.sedar.com.


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