High-Grade Gold Projects

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Message: Premier's Current Projects

Trans-Canada Mining Project

It is my understanding thatBrookbank and Hardrock wireframe models showing 3D structure mapping have been completed, and forwarded to the highly experienced Micon International Limited for completion ofthe 43 101 compliant resource estimation study, which is expected in the current quarter.

Premier’s internal assessment group is considering potential development options, related to maximizing the success ofthe Trans-Canada mining project. (a scoping study is limited to early stage projects and with strict disclosure requirements and may use inferred resources. A feasibility study is restricted to Proven and Probable reserves plus Measured and Indicated resources).

Subject to and following the internal assessment, it is my understanding that construction for the dewatering program (PTTW) should begin in spring 2013 and underground drilling should start in 2013. Drifting, bulk sampling and a full feasibility study would follow.

1. Assays results are pending

2.Premier Is currently drilling and drilling will continue through 2013

Red Lake Project:

Tram (Red Lake Haulage Drift) on PG,’s JV property with Goldcorp expected to be completed mid December 2012.

1. Assays resultsfrom the summer 2012 surface drill program are pending

2. Underground drilling program started from Tram drill stations –2-3 drills now working

3. Currently – no surface drilling

Cove Project:

1.Assays results are pending; 3 more holes completed since last news release a 4th hole in progress

2.Drill plan is to ramp up to 4 drills over the next several months and continue through 2013.

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