More than $6.1 million in exploration completed - Roxmark updates Premier Gold's progress on Geraldton Project



    TORONTO, Sept. 24 /CNW Telbec/ - Roxmark Mines Limited (TSXV - RMK) today
provided an update on the status of the joint venture agreement with Premier
Gold Mines Limited (TSX- PG) in which Premier has nearly more than doubled
minimum required exploration expenditures over the past 12 months.
    In September 2007, a letter of intent was signed with Premier to explore
and earn interest in certain gold properties (known as the Geraldton Project)
held by Roxmark in the Geraldton Camp of the Beardmore-Geraldton Greenstone
Belt of Northwestern Ontario.
    Under the terms of the agreement, Premier, as operator of the joint
venture, can earn a 51% interest in the Geraldton Project over four-year
period by incurring $7 million in expenditures (including a firm commitment of
$2.5 million in the first 12 months) to advance highly prospective gold
properties and by making cash advances and issuing shares of Premier to
Roxmark.
    Over the past year, Premier has carried out an extensive drilling program
using up to three drill rigs to complete 91 holes totaling more than
34,000 metres of diamond drilling, in addition to a geological and geophysical
surveys. Expenditures to date on the Project are in excess of $6.1 million and
Roxmark has received $200,000 in cash advances (out of the proposed $500,000)
and 200,000 shares of Premier (out of proposed 250,000) valued at
approximately $480,000.
    Immediately after completing the earn-in period by completing $7 million
in expenditures, Premier will have the right to increase its interest to 70%,
carrying Roxmark at 30%, by making additional cash advances of $250,000 and
issuing to Roxmark additional 150,000 shares of Premier. This would make a
total $750,000 of cash advances and 400,000 shares of Premier, valued at about
$960,000, based on the current share price.
    The Geraldton Project is located in the heart of the Beardmore-Geraldton
Greenstone Belt, a promising high-grade gold district that has seen relatively
little exploration over the past several decades. The Project area covers
several kilometres of some of the most strategic ground in the region and is
host to past-producing mines and numerous exploration targets in a district
that has more than 4.1 million ounces of historic gold production.
    Drilling has been carried out on the Magnet Mine property and on the
Little Long Lac Mine Property. Drilling results were announced in several news
releases dated January 22, 24 and 25, March 3, April 1 and 16, May 6, 27 and
29 and June 26, 2008.

    Little Long Lac Mine Property
    -----------------------------

    Drilling on the Little Long Lac Property has intersected multiple, near
surface, mineralized vein zones, including a minimum of six potentially
important vein zones: The Kailey Zone, Main Zone, the No.9, No.10 Vein Zones
and two new zones, named No.11 and No.12 Vein Zones.
    The newly discovered Kailey Zones are a bulk tonnage resource proximal to
the north and parallel to the historic Little Long Lac Gold Mine. Drilling in
the Kailey Zone has identified parallel horizons K1 North and K2 South and has
cut off the horizon to the east with mineralization remaining open primarily
down plunge to the west. Intersections were previously reported in the range
of 0.63 to up to 7.07 g. Au/t.
    It is anticipated that a NI43-101 report will be completed shortly on the
resource for this project.
    In addition to the Kailey zone, high-grade gold mineralization occurring
in several parallel vein zones is being tested in an area located
approximately 300 metres to the southeast. The primary target of these veins
is the No.9 and No.10 Vein Zones, which continue to provide consistently
significant results as high as 254.8 g. Au/t (7.44 opt) over 0.3m and
60.88 g. Au/t (1.78 opt) over 1.0m. The following table provides a complete
summary of results received from this area:

    
    -------------------------------------------------------------------------
                                                                   AU    AU
    Hole-ID      Section      From    To    Length (m)   Zone     (g/t) (opt)
    -------------------------------------------------------------------------
    PLL07001  1400E - 0+00   105.0  106.0  1.0 (3.3 ft) 11 (New)  60.88  1.78
    -------------------------------------------------------------------------
                             168.0  169.0  1.0 (3.3 ft) 10a (New) 45.32  1.32
    -------------------------------------------------------------------------
                             189.0  190.9  1.9 (6.2 ft) 10         8.70  0.25
    -------------------------------------------------------------------------
                             288.3  289.8  1.5 (4.9 ft)  9        11.43  0.33
    -------------------------------------------------------------------------
    PLL07002  1500E - 0+25N  120.5  120.8  0.3 (1.0 ft) 10       254.79  7.44
    -------------------------------------------------------------------------
                             256.8  260.0  3.2 (10.5 ft) 9         2.36  0.07
    -------------------------------------------------------------------------
    PLL07003  1400E - 0+50N  150.0  152.0  2.0 (6.6 ft) 10         6.95  0.20
    -------------------------------------------------------------------------
                             193.3  194.3  1.0 (3.3 ft)  9         3.28  0.10
    -------------------------------------------------------------------------
    PLL07004  1500E - 0+50N   26.0   27.0  1.0 (3.3 ft)    (New)   5.24  0.15
    -------------------------------------------------------------------------
    PLL07005  1400E - 0+50S  143.0  146.0  3.0 (9.8 ft) 11 (New)   4.60  0.13
    -------------------------------------------------------------------------
                             354.0  358.5  4.5 (14.8 ft) 9         5.81  0.17
    -------------------------------------------------------------------------
    PLL07006  1500E - 0+25S  101.0  102.0  1.0 (3.3 ft) 11 (New)   7.81  0.23
    -------------------------------------------------------------------------
                             188.0  189.0  1.0 (3.3 ft) 10         4.58  0.13
    -------------------------------------------------------------------------
    PLL07007  1600E - 0+50N   94.4   95.4  1.0 (3.3 ft) 11 (New)  15.04  0.44
    -------------------------------------------------------------------------
    PLL07008  1650E - 1+00S   47.5   48.0  0.5 (1.6 ft)    (New)   2.11  0.06
    -------------------------------------------------------------------------
    PLL08011  1450E - 0+00   250.0  251.0  1.0 (3.3 ft) 10        15.00  0.44
    -------------------------------------------------------------------------
                             318.0  320.5  2.5 (8.2 ft)  9        11.72  0.34
    -------------------------------------------------------------------------
    PLL08013  1375E - 1+15S  427.0  428.3  1.3 (4.3 ft) 10        12.84  0.37
    -------------------------------------------------------------------------
    PLL08020  1375E - 1+00S  335.0  338.0  3.0 (9.8 ft) 10         3.61  0.11
    -------------------------------------------------------------------------
                             418.0  421.0  3.0 (9.8 ft)  9         8.19  0.24
    -------------------------------------------------------------------------
    

    The Little Long Lac Main Zone saw the production of more than
600,000 ounces of gold during the period 1934-53 at an average grade of
11.66 g. Au/t.

    Magnet Mine Property
    --------------------

    Drilling on the Magnet Mine was directed to test the Benedict (North and
South) zone, The "Stan" Target and the newly discovered high-grade zone named
the "Highway" Zone. The zones remain open in all directions. The latest
results from drilling at the Magnet Gold Mine were announced on April 1, 2008
outlining a discovery of Highway Zone that has returned numerous significant
intersections including 67.08 g. Au/t across 2.0m. The Highway Zone is located
approximately 110 metres under the Trans-Canada Highway, immediately south of
the historic Magnet Gold Mine. Drilling on the Benedict Zone intersected gold
mineralization including 10.22 g. Au/t (0.30 opt) over 2.5m and 8.14 g. Au/t
(0.23 opt) over 2.0m. The Magnet Mine is serviced with a shaft and winze to
2,640 feet. The property is equipped with a headframe, production hoist,
compressors, generator, hydro substation and other equipment and facilities.
    Stephen McGibbon, P.Geo. is the Qualified Person for information on
Project drilling results contained in this news release and is a Qualified
Person within the meaning of National Instrument 43-101. Core from Geraldton
is sent to Accurassay Laboratories, an accredited mineral analysis laboratory
in Thunder Bay, Ontario, for preparation and analysis utilizing both fire
assay and screen metallic methods.

    Beardmore Developments
    ----------------------

    In its Beardmore Camp, Roxmark has completed its second diamond drilling
program for the year, delineating gold mineralization in the Nortoba-Tyson
property and plans to announce results as soon as assays are completed. A
43-101-compliant report on resources at the Northern Empire Mine is close to
being completed and will also be issued soon.
    The Beardmore Camp is situated near the Town of Beardmore, approximately
200 km northeast of Thunder Bay and is serviced by the Trans-Canada Highway.
Accessibility of all Roxmark properties in both Beardmore and Geraldton Camps
is a strong cost and logistical advantage.

    About Roxmark Mines

    Roxmark Mines Limited is the leader in gold and molybdenum exploration
and development in the historically significant Geraldton-Beardmore area of
Northwest Ontario. In recent years, Roxmark has generated cash flow from
bulk-sampled gold and molybdenum processed at its 200 TPD (expandable to
500 TPD) fully-permitted mill and has the advantage of infrastructure from six
formerly highly productive gold mines located on its properties. These mines
previously produced nearly two million ounces of gold from high-grade ore but
were closed primarily due to dramatically lower gold prices at the time and to
boundary issues, since eliminated.

    Further information is available on the Company's website at
www.roxmark.com and on SEDAR under the Company's profile at www.sedar.com.

    Forward-Looking Statements

    This news release includes certain "forward-looking statements". Such
forward-looking statements involve risks and uncertainties. The results or
events predicted in these forward-looking statements may differ materially
from actual results or events. Any forward-looking statement speaks only as of
the date of this news release and, except as may be required by applicable
securities laws, the Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information, future
events or results or otherwise.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of the content of this news
    release.




For further information:

For further information: Monir Younan, President, Roxmark Mines Limited,
(416) 860-1636, Fax: (416) 360-7355, roxmark@on.aibn.com, www.roxmark.com;
Renmark Financial Communications Inc.: Christine Stewart:
cstewart@renmarkfinancial.com; Barbara Komorowski:
bkomorowski@renmarkfinancial.com; (416) 644-2020, Fax: (416) 644-2021,
www.renmarkfinancial.com

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