News from the gold fields...

Premier provides exploration update - New discovery of potential open pit style gold mineralization at Geraldton

    Shares Issued: 68,647,742

    THUNDER BAY, ON, April 9 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG) is
pleased to provide an exploration update for its substantial exploration
programs on four active projects. In 2008, Premier expects to perform between
50,000 and 100,000 metres of drilling on these projects located in
Northwestern Ontario, Canada and in Mexico. To date these programs have
returned favourable results on numerous fronts including the new discovery of
near-surface, potential open pit style, gold mineralization at the Geraldton
Project, proximal to recently discovered high-grade gold zones adjacent to the
past-producing Little Long Lac Gold Mine. The first two holes drilled into
this target, PLL08-009 and PLL08-012, returned impressive intersections of
51 metres grading 1.33 grams per tonne (g/t) Au from 28.0 to 79.0 metres and
26 metres grading 1.34 g/t Au from 137.0 metres to 163.0 metres respectively.

    Geraldton Project
    -----------------
    The newly discovered "Kailey" Zone is located parallel to and north of
the mine workings and consists of multiple stringer veins with minor
mineralization. Holes PLL08-009 and 012 were drilled 150 metres apart (along
strike), with hole 009 intersecting the zone at a depth of approximately
20 metres and hole 012 intersecting the Kailey Zone at a depth of
approximately 130 metres. This horizon is open in all directions. In addition
to the Kailey Zone, PLL08-012 intersected the on-strike extension of the
Little Long Lac "Main" Zone with an intersection of 13.58 g/t Au (0.40 oz/ton)
across 1.0 metre approximately 50 metres east of where the zone was previously
mined, suggesting the potential existence of additional high-grade resources
in this area.

    <<
    Table 1   Significant Results at Stringer Zone - Little Long Lac Target
              Area
    -------------------------------------------------------------------------
                                            Length               AU     AU
    Hole-ID      Section      From   To       (m)        Zone   (g/t)  (opt)
    -------------------------------------------------------------------------
    PLL08009  1400E - 3+75N   18.0  82.0  64.0 (210 ft)  Kailey  1.14  0.033
              ---------------------------------------------------------------
                   Incl.      28.0  79.0  51.0 (167 ft)  Kailey  1.33  0.039
    -------------------------------------------------------------------------
    PLL08012  1225E - 4+50N  137.0 163.0  26.0  (85 ft)  Kailey  1.34  0.039
                             385.0 386.0   1.0 (3.3 ft)  Main   13.58   0.40
                                                         East
    -------------------------------------------------------------------------
    NOTE: True widths estimated at approximately 70% of intersection width
    >>

    To date, drilling has intersected a minimum of 4 potentially important
vein zones at Little Long Lac: The Kailey Zone, Main Zone, and the No.9 and
No.10 Vein Zones. As announced March 3, 2008, and in addition to the new
intersections contained in this release, recent drilling several hundred
meters south of these zones intersected multiple high-grade vein zones (No,9,
No.10 and No.11 Veins) with drill intersections including 254.8g/t Au
(7.44 opt) over 0.3m, 60.88/t Au (1.78 opt) over 1.0m and 45.3g/t Au (1.32
opt) over 1.0m suggesting the potential for both bulk tonnage and high-grade
mineralization at Little Long Lac.
    Premier holds the option to acquire up to a 70% interest in the Geraldton
Project from Roxmark Mines Limited (TSX-V:RMK) by making cash and share
payments to Roxmark, and performing exploration on the Project. The current
drilling is part of an ongoing minimum $2.5 Million exploration program aimed
at confirming Premier's belief that previously untested sub-parallel
mineralized faults occur proximal to the historic Little Long Lac Gold Mine.
The mine produced more than 600,000 ounces of gold during the period 1934-53
at an average grade of 11.66g/t Au. PLL08-009 and 012 are the first two holes
drilled north of the mine workings in the current program and in an effort to
delineate the potential of the new zones. Drilling also continues to
systematically test immediately south of the historic mine workings in an
effort to build gold resources in the No.9 and No.10 Vein zones.
    The "Geraldton Project" is located in the heart of the
Beardmore-Geraldton greenstone belt, a highly prospective high-grade gold
district that has seen relatively little exploration over the past several
decades. The Project area covers approximately 10 kilometres of some of the
most prospective geology in the region and is host to three past-producing
mines and numerous exploration targets in a district that has seen historic
production of more than 4.1 Million ounces of gold. Several slides of the
Little Long Lac area can be viewed on the Premier Gold Mines Limited website,
www.premiergoldmines.com.