Premium Exploration Inc.
TSX VENTURE : PEM

Premium Exploration Inc.

May 16, 2008 17:37 ET

Premium Exploration, Inc. Announces the Resignation of Robert McLeod From the Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 16, 2008) - Premium Exploration, Inc. (TSX VENTURE:PEM) ("Premium" or the "Company") announces the resignation of Robert McLeod from its Board of Directors.

Del Steiner, President and CEO of Premium, stated, "Mr. McLeod is resigning from the Board to pursue other endeavours. It has been a pleasure working with Rob, and on behalf of the directors, shareholders and employees, I wish to thank him for his dedicated service and wish him the best of luck in the future."

"It has been my privilege to serve the shareholders of Premium for the past year and a half and I wish the Company great success with its future endeavours," stated Mr. McLeod.

About Premium Exploration

Premium Exploration, Inc. is focused on precious metals exploration in the United States and Mexico. The Company is founded on a management and geological team with a proven track record demonstrated by their accomplishments. Premium's portfolio currently holds projects in various stages of exploration located within under-explored precious metal belts that host multi-million ounce deposits. Utilizing "value-added" and joint venture strategies, Premium maintains multiple interests and royalties in their projects, maximizing shareholder exposure to mineral discovery. Through a joint venture agreement, Premium is advancing the Chrome Mountain PGM project in Montana, USA and the Buffalo Gulch Gold Deposit in Idaho, USA, while negotiations for joint ventures and acquisitions in Mexico are underway. Additional information may be found on our website at 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 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 involve 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.

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