Premier drilling defines gold zone at PQ-North



    Shares Issued: 78,510,179

    THUNDER BAY, ON, Sept. 10 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG) is
pleased to provide an update of results from the summer drill campaign at the
Company's 100%-owned PQ-North Project in Northwestern Ontario. This program
confirmed a potentially significant gold discovery along strike from, and
within the PQ-Limb (PQL) of the iron formation that is host to, Goldcorp's
nearby Musselwhite Gold Mine with intersections of up to 10.52 grams per tonne
gold (g/t Au) across 3.7 metres (m).
    The Phase I and Phase II drill programs confirm the discovery of multiple
horizons of "Musselwhite-style" gold mineralization, tentatively designated as
the PQL, UIF, QV and MA zones. Similarities to the mine noted in the PQ-North
core include:

    
    1.  Hosted within the PQ-Limb of the Northern Iron Formation;
    2.  Alteration, veining, and mineralization are similar;
    3.  Widths of zones typically range between 2.0 and 5.0 metres; and
    4.  Gold grades vary within similar ranges.
    

    The average grade mined at Musselwhite in 2008 was 5.56 g/t Au. Grades at
PQ-North include up to 10.24 g/t Au across 5.1m intersected in previous
drilling in the UIF (Upper Iron Formation) Zone and new intersections that
include 10.52 g/t Au across 3.7m in the PQL Zone.
    These horizons are marked by biotite-garnet altered mineralized zones
consisting of folded and laminated iron formation containing pyrite,
pyrrhotite, chalcopyrite and rare visible gold. The discoveries made to date
have returned impressive intersections with grades and widths comparable to
those at Musselwhite.
    Due to the wet summer conditions, Phase II drilling evaluated the
potential of only the PQL discovery and not the UIF discovery area. Numerous
intersections have been obtained in the PQL over a plunge length of
approximately 125 metres, suggesting continuous mineralization with
intersections that include 6.7 g/t Au across 3.0m, 7.4 g/t Au across 2.0m,
10.2 g/t Au across 1.8m and 10.52 g/t Au across 3.7m in the furthest
down-plunge hole drilled to date.
    "These solid results at PQ North confirm that an important regional
mineralizing event extends well beyond the Musselwhite Mine," states Tim
Twomey, Exploration Manager of Premier. "We are looking forward to the
upcoming winter drill program when we'll be able to move drills to preferred
locations in order to follow-up these exciting results."
    The PQ-North Project is located within Goldcorp's Musselwhite Property
holdings and is strategically located along the PQ-Limb of the key iron
formation that is host to the majority of the ore zones at Musselwhite (in
2008, Musselwhite produced 210,500 ounces of gold). In addition to the PQL and
UIF zones, several additional priority targets on the Property will be tested
in the upcoming winter program.
    Table 1 provides a summary of intersections within the PQL Zone drilled
during 2009.

    
    Table 1   Summary of PQL Intercepts
    -------------------------------------------------------------------------
                     UTM
                    Coord-    AZI-                  INTER- GRADE  INTER-
                    inates    MUTH  DIP   FROM-TO    VAL    (g/    VAL  GRADE
    HOLE-ID  ZONE    (m)     (deg) (deg)    (m)      (m)   tonne) (ft) (oz/t)
    -------------------------------------------------------------------------
                   5837786 N
    PQ09009   PQL   674837 E   73  -65  519.3-521.1   1.8  10.25   5.9  0.30
    -------------------------------------------------------------------------
               MA                       569.0-570.0   1.0  20.65   3.3  0.60
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                   5837786 N
    PQ09012    QV   674837 E   73  -72  476.6-479.8   3.2   4.31  10.5  0.13
    -------------------------------------------------------------------------
    including                           476.6-478.1   1.5   8.00   4.9  0.23
    -------------------------------------------------------------------------
               QV                       484.9-488.0   3.1   3.03  10.2  0.09
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                   5837786 N
    PQ09013    QV   674837 E   68  -50  385.0-387.5   2.5   1.92   8.2  0.06
    -------------------------------------------------------------------------
              PQL                       586.2-587.2   1.0   3.44   3.3  0.10
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                   5837865 N
    PQ09014    QV   674508 E   73  -70  709.0-712.2   3.2   1.88  10.5  0.05
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                   5837786 N
    PQ09015    QV   674837 E   45  -70    37.5-38.5   1.0   5.56   3.3  0.16
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                   5837786 N
    PQ09016    QV   674837 E   55  -70  462.4-464.4   2.0   7.40   6.6  0.22
    -------------------------------------------------------------------------
               QV                       516.4-517.5   1.1  10.87   3.6  0.32
    -------------------------------------------------------------------------
              PQL                       595.0-597.5   2.5   2.04   8.2  0.06
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                   5837786 N
    PQ09018    QV  6745837 E   73  -75  562.6-565.1   2.5   3.20   8.2  0.09
    -------------------------------------------------------------------------
              PQL                       591.0-600.0   9.0   1.17  29.5  0.03
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                   5837972 N
    PQ09019    QV   674706 E   51  -70  571.7-575.6   3.9   1.77  12.8  0.05
    -------------------------------------------------------------------------
               QV                       680.3-681.0   0.7   7.14   2.3  0.21
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                   5837865 N
    PQ09020    QV   674508 E   58  -70  464.0-488.0  24.0   1.40  78.7  0.04
    -------------------------------------------------------------------------
               QV                       542.0-543.0   1.0   7.30   3.3  0.21
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                   5837972 N
    PQ09021   PQL   674706 E   51  -50  708.4-709.2   0.8   9.74   2.6  0.28
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                   5838336 N
    PQ09022    QV   674755 E   48  -70  488.4-501.3  12.9   1.22  42.3  0.04
    -------------------------------------------------------------------------
               QV                       526.0-529.0   3.0   6.74   9.8  0.20
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                   5838336 N
    PQ09023    QV   674755 E   57  -70  580.2-581.0   0.8  11.23   2.6  0.33
    -------------------------------------------------------------------------
              PQL                       648.8-652.5   3.7  10.52  12.1  0.31
    -------------------------------------------------------------------------
    Including                           648.8-649.8   1.0  35.48   3.3  1.04
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    (*)  True widths estimated at 80-100% of intersection width - PQ09009 was
         previously released
    (xx) PQL - PQ Limb intersection   MA - Main Anticline
         QV - Quartz Vein Zone
    

    Note that drill holes PQ09014, 019 and 021 tested the PQ Limb in a
different target area with minor intersections and assays of up to 9.74 g/t
Au. Hole PQ09017 was abandoned.
    A presentation of the PQ-North Project can be viewed on Premier's website
www.premiergoldmines.com.
    Premier previously announced that it had signed a Letter of Intent (LOI)
with the North Caribou Lake First Nation ("NCLFN") that paves the way for a
major exploration program on the PQ-North Property in Northwestern Ontario.
The LOI forms the basis of a cooperative relationship between Premier and
NCLFN that will guide the early phase of exploration on the property,
including line cutting, geophysics and diamond drilling, as well as lead to a
Memorandum of Understanding (MOU).
    Stephen McGibbon, P. Geo., is the Qualified Person for the information
contained in this press release and is a Qualified Person within the meaning
of National Instrument 43-101. Presentations detailing the Company's
activities on its active projects are available on the Premier Gold Mines
Limited website.

    Premier Gold Mines Limited is a well-financed Canadian-based mineral
exploration and development company with several active projects and deposits
in Northwestern Ontario. In the Red Lake gold mining camp, two projects are
operated in joint venture with Red Lake Gold Mines, and another, adjacent to
the Red Lake Gold Mines complex, is operated on a 100% basis. The company also
owns a 70% interest in the Hardrock Project, an advanced-stage gold project in
the Geraldton area.

    The statements made in this Press Release may contain forward-looking
statements that may involve a number of risks and uncertainties. Actual events
or results could differ materially from the Company's expectations and
projections.

    %SEDAR: 00024152E




For further information:

For further information: Ewan Downie, President & CEO, Phone: (807)
346-1390, Fax: (807) 346-0100, e-mail: Info@premiergoldmines.com, Web Site:
www.premiergoldmines.com


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