Goldstone owns 30% interest in Hardrock...

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From Premier's 2010 Exploration Update:

Ewan Downie, President and CEO of Premier said, "Premier had spectacular exploration success during 2009. Multiple new high-grade gold discoveries demand aggressive follow-up, resulting in what will be one of the industry's largest exploration and development budgets in 2010. In particular, our success at the Hardrock Project has led to the delineation of what is possibly one of Canada's most exciting new gold projects."

    Hardrock Project - Building on 2009 Successes

The Hardrock Project, operated under a joint venture with Goldstone Resources Inc. (TSX:GRC) (Premier holds a 70% interest), will remain the Company's most active project with more than 70,000 metres of drilling planned. In 2009, more than 90,000 metres of drilling was completed at Hardrock, successfully identifying multiple open pit and underground style gold zones with the following highlights:

    -  Discovery of the High Grade North Zone: 1,141.5 g/t Au across
       2.0 metres (33.3 oz/ton across 6.6 feet).
    -  The EP (open pit) Zone was defined over a strike length of more than
       1 kilometre and remains open for expansion.
    -  Discovery of the NN Zone (open pit) along strike from EP - recent
       drill intersections that define this zone include 6.91 g/t Au across
       18.7 m (0.20 oz/ton across 61.3 feet), 5.69 g/t Au across 24.2 m
       (0.17 oz/ton across 79.4 feet) and 52.90 g/t Au across 7.9 m
       (1.54 oz/ton across 25.9 feet).
    -  Late in 2009, initial drilling in a new target area returned
       high-grade results including 121.00 g/t Au across 1.5 m (3.53 oz/ton
       across 4.9 feet).

The Hardrock Project is host to several past-producing mines which collectively produced more than 3.0 million ounces of gold, primarily from shallow depths within 2,000 feet (600 metres) of surface. The mined zones remained wide open at depth at the time mining ceased and resources were left in place within the existing mine workings.

In 2009, drilling focused on confirming both open pit and underground mineralization with the goal of identifying a potentially multi-million ounce gold resource that can be moved quickly towards development. The Project offers development advantages with the Trans-Canada Highway, Trans-Canada Pipeline, and major power lines running through the centre of the property. Significant potential for developing resources has been identified in several areas including: 1) Open pit-style mineralization proximal to the main zones previously mined by underground methods; 2) Discoveries including bonanza-style gold zones; 3) Down-plunge of historically mined zones including the SP and North Zones; and, 4) Mineralization along strike from historically mined zones in the NN and North Zone areas.