Mr. Tim Rotolo reports

PREMIER AMERICAN URANIUM ENGAGES SRC SWISS RESOURCE CAPITAL AG FOR EUROPEAN MARKETING

Premier American Uranium Inc. has engaged SRC Swiss Resource Capital AG, an independent entity, to provide digital, translation, news and communications services in Europe.

Under the terms of the engagement agreement, Premier American has agreed to pay SRC a fee of 5,000 Swiss francs per month for a one-year term, continuing month-to-month thereafter, and has granted SRC 300,000 stock options pursuant to the company's long-term omnibus incentive plan. Each option entitles SRC to acquire one Premier American common share at an exercise price of $2.61 per share for a period of five years. To the knowledge of the company, SRC and/or its affiliates currently hold 1,300 common shares of Premier American; however, SRC may from time to time acquire or dispose of securities of the company through the market, privately or otherwise, as circumstances or market conditions warrant. SRC is at arm's length to Premier American and has no other relationship with Premier American, except pursuant to the agreement. The agreement and the grant of the options thereunder are subject to the approval of the TSX Venture Exchange.

About Premier American Uranium Inc.

Premier American Uranium is focused on the consolidation, exploration and development of uranium projects in the United States. One of Premier American's key strengths is the extensive landholdings in two prominent uranium-producing regions in the United States: the Great Divide basin of Wyoming and the Uravan mineral belt of Colorado. With a rich history of past production and historic uranium mineral resources, Premier American has work programs under way to advance its portfolio.

Backed by Sachem Cove Partners, Consolidated Uranium and additional institutional investors, and an unparalleled team with U.S. uranium experience, Premier American's entry into the market comes at a well-timed opportunity, as uranium fundamentals are currently the strongest they have been in a decade.

We seek Safe Harbor.