Premier Gold Mines Limited - Hardrock

Hardrock

The Hardrock Project, located in the Beardmore -- Geraldton Greenstone Belt of Northwestern Ontario, is consistent with all the hallmarks of Premier's business model and is a core holding in its exploration portfolio. Premier is currently earning a 70% interest in the project. Many past-producing sites in Canada are undergoing a renaissance and today are being recognized for their exceptional potential to host future world class discoveries. Recent discoveries in Red Lake (Red Lake Gold Mines, Bruce Channel) and at Malartic underscore the importance of exploration in such historic camps.

The Hardrock Project comprises approximately a 15-kilometre long property package that overlies more than 3.0 million ounces of past gold production in a district that has historic production in excess of 4.0 million ounces. The property lies only a few kilometers south of the Town of Geraldton, which is serviced by the Trans-Canada Highway, Trans-Canada Pipeline, and Hydroline. Exploration is conducted year round.

The Hardrock Project contains some 1 million ounces of historic (non-NI43-101 compliant) gold resources having potential to be mined in part by both open pit and underground methods. Premier believes that these historic resources, while attractive in their own right, are only an indication of the true potential of this district.

In 2009, Premier has planned an aggressive $10 to $12 million exploration program with the goal of tabling a second NI43-101 compliant mineral resource estimate amenable to underground mining by Q3 2010. In order to achieve this, we have planned the following exploration program:

Some 50,000 metres of diamond drilling in delineation and exploration configurations.
Focus within 300 to 1200 metres from surface.
Target areas of existing mineralization & those with high potential for discovery based on our geological model.

Given the pace at which our 2010 program is being conducted, shareholders and potential shareholders can anticipate press releases updating results and progress on the Hardrock Project on a regular (bi-weekly to monthly) basis.

Assay Results

(as of June 17, 2009)