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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: Re: Premium Exploration Update. An additional thought.

Well read the latest News, everything is very clear in the latest News. Results will be available when they come. I think that PEM is currently working on something else that is much more important for the future of company than Assays results. So what those results can bring to PEM in current environment? That is the question. Situation is still bad in global stock Market specially for Juniors. So the best thing to do right now is to make JV with OSK to have enough money for drilling and come to 2 MOz resources. For OSK $50 Millions exploration program for this year that is nothing but for PEM is everything. PEM only needs $10 Millions to finish drills and maybe even to prove 1,5-2 MOz resource. As I said for OSK that is nothing. One super hole can bring PEM maybe to 15 Cents but then again that will be not enough so we still need CA right now. It usually take longer to make such kind of agreement. Maybe OSK wants to take over PEM and not to invest in JV. We will see what is on the plate, hope for the best!

GLTA

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