In Al Korelin's recent interview of Del Steiner, Del mentioned that they have made Confidential Agreements with some majors. . . . I had been told previously that there were many such agreements in existance.

Generally, Confidential Agreement's terms and conditions are an agreement for the discloser (PEM) to disclose proprietary information not otherwise available to the public; information that is to the benefit of the recipient and/or the provider. Such agreements generally also include limitations of use of the information, further dissemination of the information, time frames, etc. Such an agreement usually includes all information or material that has or could have commercial value or other utility. The information being provided is usually provided for the requestor of the information to use in connection with their own considerations, deliberations or decisions of a possible or actual future transaction (such as with regard to PEM), and is information or material requested and/or provided for evaluation purposes. . . . .One would hope that, contained within such a confidential agreement, the recipient of confidential information would be precluded from being able to buy or sell shares until such information is provided to all share holders and to the public.

Share holders generally feel disadvantaged when other potential or existing owners of a portion of a publicly traded company know specific information as it becomes available in-house while all other existing or potential share holders wait indefinately to learn the same information. It is often information that can be shared with some and not with others, and information which could benefit some to the possible disadvantage of all others? Is there some information being secretly shared with others through confidential agreements that should be reconsidered as information that should be divulged with all share holders? Board of Directors are you listening? We are varryingly patiently, and not so patiently, waiting for the information that has been repeatedly promised and delayed. We are not the benefactors of having a confidential agreement for advance information. Nor are we share holders who are employees of or members of the Board Directors of Premium Exploration. So, we sit and wait. In total sum, as significant share holders, both individually and collectively, some among us are increasingly becoming impatient for the good news we have repeatedly been told is forthcoming. Absent such news, perhaps we should all seek confidential agreements as well.

marwal