Welcome To The Premium Exploration Inc HUB On AGORACOM

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

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April 19 2011

Dear......

Premium Exploration Inc. (TSX-V: PEM) ("Premium" or the “Company”) is pleased to announce that Mike Starogiannis of Fraser MacKenzie, Killian Charles of Industrial Alliance, and Vishal Gupta of Dundee Resources have initiated research coverage on the Company.


“Dundee continues to see potential for a large scale, bulk mining operation with one deposit estimated to contain a total of 1.223 million gold ounces.”

“Fraser Mackenzie anticipates a likely case of 2.7 million ounces of Gold in 12 months to 18 months.”



Company Highlights Include:

  • 30 km potentially mineralized gold trend

  • +25,000 m district-wide exploration program focused on making new discoveries underway

  • Existing resources open for expansion:

    • 343,000 oz Au Indicated – (11.8 Mt @ 0.90 g/t Au with 0.5 g/t Au cut-off)

    • 879,000 oz Au Inferred – (26.4 Mt @ 1.04 g/t Au with 0.5 g/t Au cut-off)


Premium Exploration Inc. is focused on gold exploration at its district-sized Idaho Gold Project along the +30 Km Orogrande Shear Zone (“OSZ”) in North-Central Idaho, USA.

The Idaho Gold Project hosts five zones of mineralization within 30 km of potentially mineralized structure identified by geophysics and is similar to many large gold belts such as the Carlin Trend in Nevada.

The Company’s goal is to ultimately develop a district with multiple near-surface gold resources along its +30 km property. Its strategy of drilling structures identified by geophysics and gold-in soil trends has led to 3 gold discoveries and significant resource development.

We look forward to hearing from you and answering any question you may have. Thank you for your interest in Premium Exploration Inc.

Yours Sincerely,


Del Steiner, President and CEO
Tel: 604.682.0243
info@premiumexploration.com





About Premium Exploration, Inc.

Premium Exploration Inc. (TSX-V:PEM) is focused on gold exploration at its district-sized land package along the Orogrande Shear Zone (“OSZ”) in North-Central Idaho, USA; the 4th largest gold producing country in the world. The “OSZ” is a +30 km regionally-significant trending structure with multiple known zones of gold mineralization and is similar to many large gold belts, like the Carlin Trend in Nevada. Armed with a proven exploration strategy, advancing gold resources, and 30 Km of drill-ready targets, Premium is well positioned to create shareholder value through exploration, discovery, and the development of this emerging gold district. For additional information, please visit us at www.premiumexploration.com.

For more information, please contact:

Mr. Del Steiner, JD.
President
Premium Exploration Inc.
(604) 682-0243
(604) 682-2499
e:
dsteiner@premiumexploration.com
w: www.premiumexploration.com

Ms. Christine Kopr
Corporate Communications
Opes Capital Inc.
(604) 992-1831
e:
ckopr@opescapitalinc.com
www.opescapitalinc.com

“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

This press release contains certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Security Exchange Act of 1934, and involves a number of risks and uncertainties. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the TSX Venture Exchange and the British Columbia Securities Commission. All statements, other than of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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