VANCOUVER, BRITISH COLUMBIA, Mar 3, 2008 (Marketwire via COMTEX) -- (CCN Mathews)
Premium Exploration, Inc. (TSX VENTURE:PEM) ("Premium") is pleased to announce that Beartooth Platinum Corporation, (TSX VENTURE:BTP) ("Beartooth" or "BTP") Premium's joint venture partner on its Chrome Mountain Property ("Property";) has released the drill results from the 2007 drill program. (See Beartooth news release, February 29, 2008).

The highlights of the drill program are listed below:

- All holes intercepted anomalous gold + platinum + palladium mineralization with a high of 11.909 g/t.

- Average intercepts at Chrome Mountain is 118 meters at a grade of 0.66 g/t combined platinum, palladium, rhodium and gold mineralization.

- The platinum to palladium ratios of the assay results average 1:1.14 indicating that the Chrome Mountain target contains relatively more platinum than the North American average from producers.

- Rhodium assays for select core returned up to 0.5 g/t rhodium, with rhodium to platinum ratios averaging 8:1.

- The Chrome Mountain holes were drilled on sections approximately 200 apart, testing an area of 1000 metres by 4000 meters to a depth of 150 meters confirming a portion of the large soil geochemistry anomaly defined by the 2006 soil sampling.

There is Chromite mineralization in the assay results for the 2007 drill program that may report as a by product credit during processing if a mine is developed on the Property.

- It is worth noting that Premium retains the gold rights to all the gold on their portion of the Chrome Mountain property.

Chromite Article worth a read.

http://petrology.oxfordjournals.org/cgi/content/abstract/48/3/495