In my opinion, the new 43-101 numbers are impressive!
HARDROCK DEPOSIT UPDATED 43 101 MINERAL RESOURCE ESTIMATE -- not as uninspiring as some have stated!

• Indicated resources of 3.24 million ounces of gold (77% of Trans-Canada); 100% = 4,207,792 ounces
• Inferred resources of 3.78 million ounces of gold; (94% of Trans-Canada); 100%= 4,021,277 ounces

Trans Canada Property 100% = 8,229,069 ounces

---- “The database used for this mineral resource estimate reflects fully complete drill hole assay and survey data as of Aug. 9, 2013. At that time, Premier had completed approximately 97,000 metres of diamond drilling during 2013. It is estimated that by the end of 2013, approximately 140,000 metres of diamond drilling will have been completed. As such, the new estimate is considered an interim mineral resource estimate as it includes approximately 50 per cent of the new assay data anticipated for 2013. A final resource update will be completed following the conclusion of this drill program, which will continue into the early part of 2014.

The Hardrock deposit represents 77 per cent of the total measured and indicated ounces, and 94 per cent of the total inferred ounces contained within the Trans-Canada property.

The database used for this mineral resource estimate reflects fully complete drill hole assay and survey data as of Aug. 9, 2013. At that time, Premier had completed approximately 97,000 metres of diamond drilling during 2013. It is estimated that by the end of 2013, approximately 140,000 metres of diamond drilling will have been completed. As such, the new estimate is considered an interim mineral resource estimate as it includes approximately 50 per cent of the new assay data anticipated for 2013. A final resource update will be completed following the conclusion of this drill program, which will continue into the early part of 2014.

The maximum depth of the open-pit portion of the mineral resource estimate, based on an optimized Whittle pit, is 477 metres from surface. The resource estimate completed in 2012 limited the depth of the open-pit portion of the estimate to 200 metres from surface. This change has contributed to the increase in the inferred resources in the open-pit portion of the estimate.

Some additional changes have been made in completing the estimation in 2013 versus 2012, which Premier believes results in a strong overall resource estimate. Some of these include:

• Nominally higher underground cut-off grade of three grams per tonne versus 2.8 grams per tonne in 2012, reflecting the lower gold price used;
• More conservative capping strategy reduces approximately 29 per cent of ounces (21 per cent in 2012) versus uncapped equivalent;
• Adjusted specific gravity (SG) at Hardrock to reflect new data;
• Interpolation constrained by lithology wire frames developed for litho-stratigraphic geology model;
• More conservative approach in establishing resource categories;
• More conservative approach to handling mineralization adjacent to voids created from historic mining.

The total impact of these choices and adjustments has resulted in a nominal increase in ounces estimated, despite a decrease in the long-term gold price versus 2012 to $1,300 (U.S.) per ounce. A more conservative capping strategy, which removes approximately 29 per cent of the gold contained within an uncapped inventory, has slightly reduced grades reported. Also, a decision has been made to eliminate the measured category from the resource estimate until such time as the data set is further supported by channel and/or chip sampling, as well as detailed geological mapping, to ensure the highest degree of continuity is established. In Premier's opinion, this final rebalancing of ounces and categories helps ensure the block model fully reflects the data modelling the in situ mineralization of the Hardrock deposit.

The Hardrock gold deposit is the largest gold deposit within the Trans-Canada property and is located three kilometres south of the town of Geraldton in Ontario. Open-pit mineralization has been identified where historic gold mining comes to surface, and underground mineralization consists of both new horizons located parallel to the historic mine and extensions of the main zones historically mined.

Diamond drilling results and update -- Continuing work at Hardrock includes:

• Continued drilling to further define and expand mineralized horizons (see new highlight results in the attached table);
• Geotechnical drilling has been completed so that an accurate pit slope analysis can be completed;
• Comprehensive metallurgical work is in progress;
• Preliminary economic assessments for the Hardrock and Brookbank projects are under way;
• Baseline environmental work is in progress.

The current drill program, focused primarily on upgrading resources from the inferred category to the indicated category, continues to define strong mineralization in multiple zones. Current work is also aimed in part at defining the potential for a higher-grade starter pit that could reduce potential payback periods and improve project economics. It is Premier's near-term goal to upgrade essentially all the resource within the optimized Whittle pit to a minimum of an indicated category of confidence in order to be prepared in the event that a future decision is confirmed to conduct a feasibility study at Hardrock.

Some key highlights from recent drilling (after August 9, 2013) include:

• 19.93 grams per tonne gold across 9.9 metres in hole MM446, 0.9 gram per tonne gold across 147.4 metres in hole MM462 and 11.44 grams per tonne gold across 19.5 metres in hole MM491 in the P-zone horizon;
• 9.38 grams per tonne gold across nine metres in hole MM425, 19.61 grams per tonne gold across four metres in hole MM432 and 17.7 grams per tonne gold across 4.3 metres in hole MM465 in the Fortune zone horizon;
• 3.78 grams per tonne gold across 11 metres in hole MM411 and 2.5 grams per tonne gold across 54 metres in hole MM474 in the F-zone horizon.

Results reflect data up to and including drill hole MM494. At the time of writing, drill hole MM545 was currently in progress. A full table of results is available on the company's website. -----“