Mr. Ewan Downie reports

PREMIER - DRILLING CONTINUES TO EXPAND NEAR-SURFACE GOLD ZONES AT HARDROCK

Drilling continues to delineate significant near-surface gold mineralization in multiple zones at Premier Gold Mines Ltd.'s Hardrock project in Northwestern Ontario. Current drilling is focused on expanding and defining near-surface, open-pit-style mineralization, in addition to defining multiple zones of higher-grade mineralization that are expected to comprise resources amenable to underground mining methods. Highlights from recent drilling include:

• The identification of two primary high-grade lenses within the NN zone horizon. Intersections in the newly identified East lense have returned up to 13.05 grams per tonne gold (g/t Au) across 4.1 metres (m) or 0.38 ounce per ton across 13.5 feet.
• Infill and expansion drilling further defines the EP zone (open pit) target, with intersections of up to 3.16 g/t Au across 16.5 m (0.09 ounce per ton across 54.1 feet), 7.1 g/t Au across nine m (0.21 ounce per ton across 29.5 feet) and 5.43 g/t Au across 10.2 m (0.16 ounce per ton across 33.5 feet).
• Deep drilling in the North and F zones continues to intersect impressive gold values, suggesting excellent resource potential proximal to and below existing mine workings. Further results from this drilling are expected in the near future.

NN zone drilling

The near-surface portion of the NN zone has now attained a strike length of approximately 600 metres. Recent drilling has been focused on defining narrower, underground-style mineralization down plunge and at depth below the previously announced, near-surface, NI 43-101 resource estimate at Hardrock. Of particular significance, drilling has identified two lenses of higher-grade gold mineralization, both of which remain wide open for expansion. Highlight intersections include 13.05 g/t Au across 4.1 m (0.38 ounce per ton across 13.5 feet) in hole MM160 from the new eastern high-grade lense that was identified when following up a previously drilled intersection of 4.93 g/t Au across 10.5 m (0.14 ounce per ton across 34.4 feet), and previously announced intersections within the main NN zone that returned 22.97 g/t Au across 24.8 m (0.67 ounce per ton across 81.4 feet) and 8.14 g/t Au across nine m (0.24 ounce per ton across 29.5 feet). Follow-up drilling down plunge of these intersections is under way. New drill results from the NN zone are contained in the relevant table.

                NEW SUBZONE INTERCEPTS FROM NN ZONE
Hole      UTM
ID       co-ordi-   Dip/                 Inter-         Inter- Grade
          nates   azimuth   From    To    val   Grade    val   (oz/
           (m)   (degrees)   (m)    (m)   (m) (g/t)     (ft)    ton) Zone

MM143  5502849 N
        503650 E  -50/360   265.0  267.0   2.0   3.29    6.6   0.10   NN
MM146  5502802 N            325.0  330.0   5.0   3.23   16.4   0.09   NN
        503649 E  -50/360    
including                   326.0  327.0   1.0  11.20    3.3   0.33   NN
MM148  5502850 N
        503600 E  -55/360   367.0  369.2   2.2   3.05    7.2   0.09   NN
MM160  5502852 N            291.7  322.8  31.1   2.74  102.0   0.08 Upper
        504249 E                                                      NN
                  -50/360    
including                   309.0  313.1   4.1  13.05   13.4   0.38 Upper
                                                                      NN
MM165  5502818 N            360.3  367.5   7.2   1.57   23.6   0.05 Upper
        504246 E                                                      NN
                  -56/360    
                            403.0  405.2   2.2  13.15    7.2   0.38   NN

True widths estimated at approximately 70 per cent of intersection 
widths. Missing holes can be considered to carry no significant value or 
will be included with other zones.

EP zone drilling

Infill and expansion drilling in the EP zone continues to define high-grade, open-pit-style and underground-style gold mineralization. The EP zone comprises much of the current near-surface gold resource at Hardrock and drilling is aimed at converting inferred resources to indicated status. A highlighted selection of drill results deemed to be significant from the EP zone is contained in the relevant table.

                 NEW SUBZONE INTERCEPTS FROM THE EP ZONE
Hole-      UTM
 ID      co-ordi-   Dip/                 Inter-         Inter- Grade
          nates   azimuth   From    To    val   Grade    val   (oz/
           (m)   (degrees)   (m)    (m)   (m) (g/t)     (ft)   ton)  Zone

EP121  5503061 N            140.2  146.0   5.8   1.77   19.0   0.05   NLB
        504450 E  -45/360    
                            173.7  176.0   2.3   8.28    7.5   0.24   NLC
EP122  5503060 N
        504400 E  -45/360   201.9  207.1   5.2   4.36   17.1   0.13    X
EP123  5503031 N            218.5  229.5  11.0   2.19   36.1   0.06   NLB
        504399 E             
including         -45/360   218.5  219.6   1.1  16.80    3.6   0.49   NLB
                             
                            237.2  244.5   7.3   1.75   23.9   0.05    X
EP127  5503111 N             49.6   60.5  10.9   0.91   35.8   0.03    NL
        504550 E  -38/360    
                            127.5  136.5   9.0   2.32   29.5   0.07    X
EP131  5502887 N            240.8  247.8   7.0   1.37   23.0   0.04   SLB
        504400 E            
                            261.4  264.6   3.2   1.63   10.5   0.05    SL                         
                  -50/360   294.0  305.7  11.7   1.04   38.4   0.03    NL
                            369.6  371.0   1.4   6.48    4.6   0.19   NLB
                            382.0  382.8   0.8  12.20    2.6   0.36   NLC
EP134  5502910 N            303.0  319.5  16.5   3.16   54.1   0.09    NL
        504449 E            
                  -50/360   327.9  331.5   3.6   3.82   11.8   0.11   NLC
                            357.7  360.0   2.3  11.00    7.5   0.32    X
EP139  5502990 N            111.5  113.0   1.5   5.28    4.9   0.15   SLC
        504500 E            
                            156.5  166.7  10.2   5.43   33.5   0.16   SLB
                  -60/360   
                            246.0  249.0   3.0   2.98    9.8   0.09   NLB
                            400.8  402.0   1.2  47.80    3.9   1.40    X
EP141  5502990 N            152.0  154.0   2.0   3.46    6.6   0.10   SLC
        504600 E            
                  -60/360   268.0  270.6   2.6  11.67    8.5   0.34   NLB
                            288.0  303.0  15.0   3.11   49.2   0.09   NLC
EP142  5503000 N            190.5  192.0   1.5   7.00    4.9   0.20    SL
        504700 E            
                            202.5  208.5   6.0   3.25   19.7   0.09    NL
                  -60/360   
                            219.0  240.0  21.0   2.37   68.9   0.07   NLB
                            253.5  254.5   1.0   9.55    3.3   0.28   NLC
EP143  5502940 N            289.5  314.2  24.7   2.94   81.0   0.09   NLC
        504750 E -60/360    
including                   310.4  314.2   3.8   8.42   12.5   0.25   NLC
EP145  5504980 N            204.0  213.0   9.0   7.10   29.5   0.21    SL
        504900 E -60/360    
                            281.0  282.0   1.0  22.80    3.3   0.67   NLB

True widths estimated at approximately 70 per cent of intersection 
widths. Missing holes can be considered to carry grades and widths 
consistent with management's expectations or contain no significant values.

Hardrock deeps

Three drills are currently defining mineralization in several areas below the limits of historical mining at Hardrock, from which more than 2.1 million ounces of gold was mined to a maximum depth of 600 metres, shallow for an Archean gold deposit. Results from this drilling are expected to be released in the near future.

"Our drilling both proximal to and below the historic mine workings is returning impressive results in multiple areas. This is very significant for the project because it confirms that the historic zones extend to depth and several targeted resource blocks remain wide open for expansion," stated Tim Twomey, exploration manager for Premier. "Our drilling continues to identify gold mineralization in new areas with consistent plunges to depth. This continued success has the potential to add materially to our current mineral resource."

The Hardrock project is operated under a joint venture with Goldstone Resources Inc. (Premier holds a 70-per-cent interest in the project). The Hardrock project is host to several past-producing mines, which collectively produced nearly three million ounces of gold, primarily from shallow depths within 600 metres of surface from 1938 to 1968. The Hardrock project benefits from development advantages with the Trans-Canada Highway, TransCanada PipeLines and major power lines running through the centre of the property. A revised mineral resource estimate is expected to be completed following the 2010 drill program, potentially containing both open-pit and underground-style resources.

Stephen McGibbon, PGeo, is the qualified person for the information contained in this press release and is a qualified person within the meaning of National Instrument 43-101. Assay results are from core samples sent to Activation Laboratories, an accredited mineral analysis laboratory in Ancaster, Ont., for preparation and analysis utilizing both fire assay and screen metallic methods.