PEM

Premium Exploration Inc. (TSX VENTURE:PEM)(OTCQX:PMMEF) ("Premium") is pleased
to announce announce that it has filed a National Instrument 43-101 Standards of
Disclosure for Mineral Projects ("NI 43-101") technical report dated effective
February 19, 2013 entitled "Technical Report, Idaho Gold Project, Idaho County,
Idaho, USA" (the "Report") on SEDAR at www.sedar.com. The Report is with respect
to the mineral resource estimate at the Idaho Gold Project, located in
north-central Idaho. The resource estimate was announced in Premium's April
11th, 2013 news release and there are no material differences between the
results announced in that news release and those contained in the final Report.


The updated resource estimate at a 0.45 g/t Au cut-off increases the Friday
deposit to:




--  Indicated: 647,000 oz (20.1 Mt @ 1.0 g/t Au) from 629,000 oz (21.5 MT @
    0.91 g/t Au & 0.4 g/t cut-off) 
--  Inferred: 590,000 oz (20.9 Mt @ 0.88 g/t Au) from 146,000 oz (5.9 MT @
    0.77 g/t Au & 0.4 g/t cut-off)



This is an increase in both the grade and the ounces of gold estimated in the
Indicated and Inferred categories over those reported in the initial mineral
resource estimate published on the Friday-Petsite deposit by Premium on August
16, 2012. Data acquired from 18 holes drilled in 2011, one hole drilled in 2012,
and a revision in the geological model resulted in an increase and
reclassification of some of the resources.


Resource Estimate Details



---------------------------------------------------------------------------
                          INDICATED                     INFERRED           
               ------------------------------------------------------------
                   Tonnes               oz Au    Tonnes               oz Au
Cut-off g/t Au    (000's)    Au g/t   (000's)   (000's)    Au g/t   (000's)
---------------------------------------------------------------------------
---------------------------------------------------------------------------
0.40               22,358      0.94       677    22,924      0.84       618
0.45               20,130      1.00       647    20,847      0.88       590
0.50               18,093      1.06       615    18,832      0.92       559
---------------------------------------------------------------------------



Mr. Ronald G. Simpson, P.Geo., with the independent firm Geosim Services Inc. of
Vancouver, Canada, and a Qualified Person as defined by NI 43-101 has reviewed
and approved of the technical disclosure contained in this news 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. Exploration is ongoing at
the Friday-Petsite deposit; the most advanced of several known mineralized zones
located along the OSZ. The Friday-Petsite deposit represents less than four
percent of the OSZ under Premium's control. For additional information, please
visit us at http://www.premiumexploration.com.



FOR FURTHER INFORMATION PLEASE CONTACT: 
Premium Exploration Inc.
Mr. Del Steiner
President & Chief Executive Officer
(604) 682-0243
(604) 682-2499 (FAX)
dsteiner@premiumexploration.com
info@premiumexploration.com


Opes Capital Inc.
Ms. Christine Kopr
Corporate Communications
(604) 682-0243
(604) 682-2499 (FAX)
ckopr@opescapitalinc.com
www.opescapitalinc.com

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