Premium Exploration Inc.

Premium Exploration Inc.

April 24, 2007 16:31 ET

Premium Exploration Retains Marketing Services of Firms in Toronto, San Francisco and Europe

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 24, 2007) - Premium Exploration, Inc. (TSX VENTURE:PEM) ( is pleased to announce that it has retained the services of The Richmond Club Corp. ("Richmond Club") of Toronto, Ontario, Canada, William McCarty Consultants ("WMC") of San Francisco, California, USA, and FineLine Expertise ("FLE") of Geneva, Switzerland to provide marketing services for the Company, subject to TSX Venture Exchange approval.

The Richmond Club is a media company that showcases three to four companies that it feels, have an excellent chance of out-performing the market over a one to two year period. The companies are showcased to the Richmond Club's 612 members, through its website and at investor luncheon meetings. Monthly luncheon meetings are held in Toronto at the National Club, at Bay & King Street and are free of charge to brokers, fund managers, analysts and high net-worth investors. Premium's first luncheon presentation is scheduled for May 9th. The Richmond Club will receive a monthly fee of CDN$1,450 and will be granted 130,000 stock options vesting within 30 days from the date of this press release at an exercise price of $0.35 per share. The term of the options is three years from the date of this release. The term of the marketing contract with the Richmond Club is one year.

William McCarty Consultants is a San Francisco based strategic planning and marketing services firm. Mr. McCarty and his associates have been in the marketing business for many years and specialize in the mining sector. WMC will receive a monthly fee of USD$1,000 and will be granted 300,000 stock options vesting within 30 days from the date of this press release at an exercise price of $0.40 per share. The term of the options is five years from the date of this release. The term of the contract with WMC is one year.

Mr. Blair Shilleto of FineLine Expertise provides introductions to European institutions in Switzerland, Germany and England and will organize meetings for the Company in Europe as required. FLE will be granted 200,000 stock options at an exercise price $0.30 per share. The term of the options is five years from the date of this press release. The term of the contract with FLE is one year.

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

Commo- Land Minerali-
Project Location dity Position zation Snapshot
Chrome Montana, PGM - 970 Platinum, Within the
Mountain USA Pt,Pd, hectares palladium Stillwater
Rh (2,397 and rhodium Complex,
acres) within host to the
100% chromitite only producing
owned layers of the primary platinum
Stillwater and palladium
Complex mine in the
with Beartooth
Platinum. 1,100
soil assays
Nueva Nayarit, Ag/Au 17,000 High grade Epithermal vein
Galicia Mexico hectares epithermal systems aligned
(42,000 vein systems along a
acres) and breccias structural
Option corridor over a
to earn distance of
100% 10 km (6 mi.).
Three parallel
vein systems
have been
mapped in detail
for a total of
4500 meters to
date - the target
of Phase I
drill program
scheduled for
San Jalisco, Ag/Au/ 1,136 High-grade, Phase I
Pedro Mexico Zn hectares epithermal exploration
Analco (2,800 vein systems program the
acres) and breccias following
Option highlights:
to earn - 1,390.7 g/t Ag
100% and
0.085 g/t Au
3.15 meters
- 534.5 g/t Ag
0.787 g/t Au
3.5 meters
Dos Nayarit, Ag/Au/ 3,230 Veins and Select grab
Amigos Mexico Cu/Zn/ hectares bulk-tonnage sample returned
Pb (7,985 gold/silver 8.3 g/t gold and
acres) 15,276 g/t
Option (445 oz./ton)
to earn silver as well as
100% 7.2% copper,
4.5% lead and
17.2% zinc
Rosamo- Nayarit, Au/Ag 300 Veins and Preliminary
rada Mexico hectares bulk-tonnage results pending.
(740 gold/silver
to earn

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. Information contained in this news release includes information about adjacent properties on which we have no right to explore or mine. We advise investors in the United States that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. United States investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.

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

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