Dear $$$,  

Results from the first RC infill hole have not yet been received. Premium Explorations analytical lab - Acme Labs of Vancouver, BC - moved their location during the month of December 2012 therefore delaying sample analysis. Upon the receipt of the assays and examination, Premium will release the data to the public, anticipated shortly.

Weather conditions, time of year, and ground water conditions have warranted the analysis of the results ensuring the adequacy of the data for use in the next updated resource estimation. Upon examination of the results, Premium will determine whether to proceed with the RC drill method or return to diamond drill coring, ensuring the highest and best QA/QC prior to resuming the infill program.

NI 43-101 Technical Report
Premium’s current technical report on the Company’s Idaho Gold Project was prepared for Premium by by Mr. Ronald Simpson, P.Geo, President of Geosim Services Inc. and independent “Qualified Person” under National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”).  The technical report has an effective date of May 31, 2012 and was filed on SEDAR on August 16th, 2012.

Qualified Person
The Phase-Four exploration program is being directed by Michael Ostenson, P.Geo., VP Exploration of Premium Exploration Inc.  Mr. Ostenson is a Qualified Person as defined by NI 43-101. Mr. Ostenson prepared, and approves of the content in this release.

About Premium Exploration Inc.
Premium is focused on the exploration and development of its district-sized Orogrande Shear Zone “OSZ” to fulfill its vision of developing a new mining district in North America. The OSZ is a 30 km-plus regionally-significant structure that correlates with multiple known zones of mineralization. This structural control to gold mineralization, has characteristics similar to many large gold belts, such as the Carlin Trend of Nevada. Midas Gold’s Golden Meadows Project is located approximately 90km south of the IGP, along strike of a major regional structural trend.  The Golden Meadows Project hosts Indicated: 4,229,000 oz (78.2 Mt @ 1.68 g/t Au) and Inferred: 2.890,000 oz (56.1 Mt @ 1.60 g/t Au) in resources to date. Exploration is ongoing at the bulk-tonnage Friday-Petsite deposit, the most advanced of several known mineralized zones located along the OSZ and represents four percent of the OSZ under Premium’s control.

For additional information, please visit us at http://www.premiumexploration.com 

For more information, please contact:

Mr. Del Steiner, JD.
Premium Exploration Inc.
P:  (604) 682 - 0243
F:  (604) 682 - 2499
[email protected]
w: www.premiumexploration.com
Ms. Christine Kopr
Corporate Communications
Opes Capital Inc.
P:  (604) 992 - 1831
F:  (604) 682 - 2499
[email protected]
w: www.opescapitalinc.com