DENVER, CO – Premium Exploration, Inc. (TSX-V: PEM) is expected to rise sharply today after the company released high-grade drill results from its 100%-owned Friday-Petsite gold target in Idaho county, Idaho last night. Highlights from the drilling include:

• 2.66 g/t gold over 198.4 meters including,

• 3.81 g/t gold over 121.1 meters including,

• 9.16 g/t gold over 25.3 meters including,
  

• 30.60 g/t gold over 1.8 meters

• 2.94 g/t gold over 73.5 meters including,

• 10.57 g/t gold over 17.2 meters including,
  

• 160.63 g/t gold over 0.9 meters

• 1.00 g/t gold over 83.4 meters including,

• 3.47 g/t gold over 2.2 meters

These results come from the first of six drill holes that were recently completed at Friday-Petsite. The company says the balance of the drill results will be released over the next few weeks.

Premium's Friday-Petsite gold target already has an inferred resource of over 500,000 ounces. These hole confirmed the continuity of the high-grade gold zone below this resource.

The company is currently working toward upgrading and increasing its gold resource resource base. A total of 22 holes consisting of the seven Phase-One core holes, six Phase-Two holes, four BFD core holes from 2004, and the five core holes drilled by Canden Resources (for a total of 22 holes) will be included in a new resource estimate. Amateur estimates suggest that these 22 holes could end up doubling Premium's resource.

The company is already receiving a lot of investor attention on message boards and blogs. Today should be a very exciting day for investors of Premium Exploration.

Congratulation for all longs!