• Additional high-quality exploration targets within our overall footprint
• Substantial ability to simplify and expedite key permitting
• Excellent ground for infrastructure siting

• 13 Patented Mining Claims (Red Elk Group) within the Deadwood Zone (~220 Acres)

• Exhibit the most intense alteration and abundant sulfide mineralization found on surface to date at the IGP
  
  
• Host 1.0 km of the 12 km gold-in-soil anomaly that co-incides with 30 km�s of geophysics which trends through the Buffalo Gulch and Deadwood Zones
  
  
• Provides approximately 220 Acres in the Deadwood Zone that does not require drill permitting
  
  
• Highly prospective property with no known drilling
  
  
• A drill was immediately mobilized to the property
  
  
• Includes an Industrial Site along state Highway14 in the heart of the IGP (historic lumber mill)
  
  
• Includes an Industrial Water Right
  
  
• Substantial increase in strategically located property that provides the infrastructure to significantly expand Premium�s operation and exploration program
  
  
• Provides  the option for any future processing to occur on private property expediting and simplifying the mine permitting process

• 640 Acre Block of Private Property (Section 16) within the Buffalo Gulch Zone
  

• Hosts the northern most 0.5 km of the 12 km gold-in-soil anomaly that co-incides with 30 km�s of geophysics which trends through the Buffalo Gulch and Deadwood Zones
  
  
• Provides the Buffalo Gulch deposit room for growth should future drilling indicate the deposit extends north along the undrilled 0.5 km gold-in-soil anomaly
  
  
• Provides 640 Acres in the Buffalo Gulch Zone that does not require drill permitting
  
  
• Prospective property with no known drilling
  
  
• Provides  the option for any future processing to occur on private property expediting and simplifying mine permitting time lines

Property Acquisition Map -  Approximate Location Idaho Gold Project

For more information, please contact:

Mr. Del Steiner, JD.
President
Premium Exploration Inc.
(604) 682-0243
(604) 682-2499
e: dsteiner@premiumexploration.com
w: www.premiumexploration.com

Ms. Christine Kopr
Corporate Communications
Opes Capital Inc.
(604) 992-1831
e: ckopr@opescapitalinc.com
www.opescapitalinc.com

�Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

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.  

 Copyright � 2011 Premium Exploration, Inc. � All rights reserved.