The Hardrock deposit, 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 owns a 100% 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 deposit area 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.

NI43-101 Compliant Mineral Resources

On December 19, 2012 the Company announced that it had received an updated Mineral Resource Estimate on four gold deposits located on the Company's 100%-owned Trans-Canada Property including the Hardrock, Brookbank, Kailey and Key Lake Deposits. The Hardrock Deposit represents 77% of the total M+I ounces and 93% of the total Inferred ounces.

The mineral resources estimated for the Hardrock project (both the Hardrock and Kailey Deposits) are set out in Table 1 below. They have been subdivided into potentially underground or open pit mineable resources and reported using different cutoff grades. in the resource and a summary can be found below in Table 1.

Table 1 Hardrock and Kailey Deposits Resources Summary

Deposit	Cut-off Category	Resource Category	Tonnes (Mt)	Gold (Au) Grade (g/t)	Au Ounces (000's)
Hardrock	Open Pit (O/P)	Measured (M)	12.737	1.41	576
		Indicated (I)	33.92	1.55	1,685
		Subtotal M & I	46.657	1.51	2,261
		Inferred	6.615	1.74	370
	Underground (U/G)	Measured (M)	0.315	5.84	60
		Indicated (I)	4.73	5.42	829
		Subtotal M & I	5.045	5.48	889
		Inferred	16.009	5.91	3,040
Kailey	Open Pit	Measured (M)	4.052	1.06	139
		Indicated (I)	4.578	0.86	126
		Subtotal M & I	8.63	0.95	265
		Inferred	3.688	0.97	115
	Underground	Measured (M)	0		0
		Indicated (I)	0		0
		Subtotal M & I	0		0
		Inferred	0		0

Resource Estimate

The estimations are based on samples composited to 1.5 metres (for the Hardrock underground), and 3 metres (for the Hardrock open pit and Kailey).

The resource for the Hardrock deposit is based on dynamic modeling of composites defined on 0.5 g/t Au cut-off for the underground portion of the resource and on 0.1 g/t cut-off for the open pit resource. The composites defined on a 0.5 g/t cut-off comprise 9 distinct domains while the 0.1 g/t cut-off combines all of these domains into a single mass which was subjected to a Whittle Pit optimization analysis restricted to 200 m vertical depth.

Resources for the predominantly low grade Kailey deposit the mineralization wireframe is defined on a 0.1 g/t Au cut-off.

The Inverse Distance Cubed (ID3) method which gives a fairly high level of selectivity was utilized in the resource estimate to ensure that zones with internal waste remained distinct. The resource models were validated visually by sectioning, running a parallel estimate using Ordinary Kriging and by Swath plots.

The Micon staff with responsibility for these resource estimates are Messrs Alan J. San Martin, MAusIMM(CP) and Charley Murahwi, P.Geo, FAusIMM. All are Qualified Persons as defined in NI 43-101, and are independent of Premier Gold Mines.

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January 30, 2013 Trans-Canada Resource Technical Report

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