Mr. Morgan Lekstrom reports

PREMIUM COMMENCES "HINGE" DRILLING TARGETING LARGE BHEM PLATES IN THE 2KM AREA BETWEEN SELEBI DEPOSITS

A surface drilling program is under way in the two-kilometre gap zone between Premium Resources Ltd.'s Selebi North and Selebi Main deposits (together, the Selebi mines). This program is designed to rapidly demonstrate the broader-scale potential of the Selebi mines targeting large borehole electromagnetic (BHEM) plates and to further support the company's core thesis that these deposits are significantly larger than previously recognized.

Highlights:

• Targeting BHEM plates indicating potential mineralized connection between Selebi North and Selebi Main deposits;
• 12,500 metres of drilling planned across six holes, all suitable for future wedge drilling;
• Continued expansion of mineralization at Selebi North;
• Both Selebi North and Selebi Main deposits remain open for expansion through further exploration.

Drilling program overview

Two company-owned drill rigs have commenced the first two holes of the deep drilling program, with one drill testing large BHEM plates located downplunge and downdip from the Selebi Main mine horizon and trending toward the Selebi North deposit and the second drill testing BHEM plates located 500 metres downplunge and downdip from the Selebi North deposit and trending toward Selebi Main. The program will include approximately 12,500 metres of drilling and is expected to be completed over a five-month period.

Morgan Lekstrom, chief executive officer of Premium Resources, commented: "This drilling campaign has the potential to unlock substantial value and marks the delivery of a long-anticipated commitment to the market. We are proud to be advancing this asset aggressively on multiple fronts. Drilling at the Selebi hinge represents a pivotal step in our growth strategy, with numerous additional catalysts expected in the near term. Beyond the hinge, we are actively advancing both of our core assets this year, with a clear goal to become the next major source of critical metals, anchored in a Tier 1 mining jurisdiction."

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.

Premium Resources is committed to governance through transparent accountability and open communication within the company's team and the company's stakeholders. Premium Resources' skilled team has worked on over 100 projects collectively, accumulating over 400 years of resource discoveries, mine development and mine re-engineering experience on projects such as the company's Selebi and Selkirk mines. Premium Resources' senior team members have on average more than 20 years of experience in every single aspect of mine discovery and development, from geology to operations.

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