Mr. Paul Martin reports

PREMIUM RESOURCES CLOSES BOOK AND UPSIZES NON-BROKERED PRIVATE PLACEMENT TO C$44MM DUE TO STRONG DEMAND

Due to significant demand, Premium Resources Ltd. is increasing the size of its previously announced non-brokered private placement of units of the company at a price of 30 cents per unit from $36-million to up to $44-million.

Other than the upsize of the offering, all other details of the non-brokered private placement remain as disclosed in the news release of the company issued on Feb. 18, 2025, and entitled "Premium Resources Announces New Strategic Investor Group, Non-Brokered Equity Financing of Up to C$36MM, Equity Settlement of C$20.8MM of Debt, and Leadership Change."

The offering is expected to close in early March, 2025, and remains subject to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

About Premium Resources Ltd.

Premium Resources is a mineral exploration and development company that is focused on the redevelopment of the previously producing copper, nickel and cobalt resources mines owned by the company in the Republic of Botswana.

We seek Safe Harbor.