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Ultimately Developing a District with Multiple Near-Surface Gold Resources along the +30 km Property in Idaho

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Message: Requirements for NI43-101

With Premium being a company that would follow all rules, seems the requirement rule for the use of an independent in (c)(ii) could be an indication that an internal estimate produced a number that required additional verification. JMO

5.3 Independent Technical Report

(1) Subject to subsection (2), a technical report required under any of the following provisions of this Instrument

must be prepared by or under the supervision of a qualified person that is, at the date of the technical report,

independent of the issuer:

(a) section 4.1;

(b) paragraphs (a) and (g) of subsection 4.2(1); or

(c) paragraphs (b), (c), (d), (e), (f), (h), (i), (j) of subsection 4.2(1) if the document discloses

(i) for the first time a preliminary assessment or mineral resources or mineral reserves on a

property material to the issuer, or

(ii) a 100 percent or greater change, from the most recently filed technical report prepared by a

qualified person who is independent of the issuer, in total mineral resources or total mineral

reserves on a property material to the issuer.

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