Mr. Del Steiner reports

PREMIUM EXPLORATION FILES TECHNICAL REPORT ON THE IDAHO GOLD PROPERTY

Premium Exploration Inc. has filed a National Instrument 43-101, standards of disclosure for mineral projects, technical report, dated effective Feb. 19, 2013, entitled "Technical Report, Idaho Gold Project, Idaho County, Idaho, USA" on SEDAR. The report is with respect to the mineral resource estimate at the Idaho gold project, located in north-central Idaho. The resource estimate was announced in Premium's April 11, 2013, news release, and there are no material differences between the results announced in that news release and those contained in the final report.

The updated resource estimate, at a cut-off of 0.45 gram per tonne gold, increases the Friday deposit to:

• Indicated -- 647,000 ounces (20.1 million tonnes at one g/t Au) from 629,000 ounces (21.5 million tonnes at 0.91 g/t Au and cut-off of 0.4 g/t);
• Inferred -- 590,000 ounces (20.9 million tonnes at 0.88 g/t Au) from 146,000 ounces (5.9 million tonnes at 0.77 g/t Au and cut-off of 0.4 g/t).

This is an increase in both the grade and the ounces of gold estimated in the indicated and inferred categories over those reported in the initial mineral resource estimate published on the Friday-Petsite deposit by Premium on Aug. 16, 2012. Data acquired from 18 holes drilled in 2011, one hole drilled in 2012, and a revision in the geological model resulted in an increase and reclassification of some of the resources.

                        RESOURCE ESTIMATE DETAILS

                      Indicated                        Inferred 
                      
Cut-off      Tonnes        Au       oz Au      Tonnes       Au       oz Au
g/t Au        (000s)      g/t       (000s)      (000s)     g/t       (000s)

0.40         22,358      0.94         677      22,924     0.84         618
0.45         20,130      1.00         647      20,847     0.88         590
0.50         18,093      1.06         615      18,832     0.92         559

Ronald G. Simpson, PGeo, with the independent firm Geosim Services Inc. of Vancouver, Canada, and a qualified person as defined by NI 43-101, has reviewed and approved of the technical disclosure contained in this news release.