Premier provides Hardrock update - Continued high-grade gold in the EP Zone target



    Shares Issued: 78,125,179

    THUNDER BAY, ON, May 19 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG) is
pleased to provide an update of developments and future plans with respect to
the Company's Hardrock Project in Northwestern Ontario. The current program,
consisting of delineation and exploration drilling, will continue throughout
2009 and is expected to result in an NI 43-101 compliant resource estimate by
year end.
    Drilling is targeting both open pit and underground style gold zones.
Significant potential exists for developing resources in several areas
including:

    
    -   Open pit-style mineralization at sites where historic resources were
        partially delineated by previous operators, in addition to newly
        defined mineralization at the Tenacity, EP and Kailey Zones;

    -   Numerous surface and historic high-grade gold intercepts throughout
        the large property package that have received little to no follow-up;

    -   Historic resource blocks reported to remain within the mine workings,
        including high-grade vein targets; and,

    -   The main mined zones which remain open below the 600m Level.

    OPEN PIT ZONES
    --------------
    
    Drilling continues to identify near-surface mineralization contained
within multiple zones. Results from drilling at the Kailey Zone, discovered in
2008 by Premier, and at the newly defined EP and Tenacity Zones, suggest the
potential to confirm significant resources amenable to open pit mining.

    
    Kailey Zone
    -----------
    
    The Kailey Zone was discovered by the joint venture in 2008. This zone
consists of stringer-type mineralization discovered proximal to the historic
Little Long Lac Gold Mine that has been traced over a strike length of several
hundred metres with drill intersections that include 1.47grams per tonne gold
(g/t Au) across 162.0 metres (m) and 2.16g/t Au across 92.2m. The Kailey Zone
will be included in the upcoming resource estimate.

    
    EP-Zone
    -------
    
    The EP-Zone has been identified as a potential high-grade open pit target
in the vicinity of the historic North Zone, from which 2.97 Million tonnes of
ore was mined at a recovered grade of 7.54 g/t Au. Initial drilling has
intersected mineralization in multiple sub-zones within the EP target over a
strike length of 600 metres where it remains open in all directions.
Highlights to-date include 7.60g/t Au across 20.5m in hole EP044, 2.37g/t Au
across 62.7m in hole EP026, and 4.56g/t Au across 24.5m in hole EP029.
    New results that include 23.33g/t Au across 3.4m in hole EP048, 4.17g/t
Au across 29.0m in hole EP053 and 5.66g/t Au across 9.8m in hole EP058
continue to expand mineralization within the confines of the target area at
EP. Table 1 summarizes new assay results from drilling at the EP-Zone:

    
    Table 1     New Sub Zone Intercepts within the EP Zone Target Area
    -------------------------------------------------------------------------
                UTM       Dip/                      Grade Inter- Grade
            Coordinates Azimuth  From  To  Interval  (g/    val  (oz/
    Hole-ID     (m)    (degrees)  (m)  (m)    (m)   tonne) (ft)  ton) EP Zone
    -------------------------------------------------------------------------
    EP045    504811 E                                                  South
            5503054 N  -45/360   89.9   95.0   5.1  10.66  16.7  0.31  Limb B
                               ----------------------------------------------
                                                                       North
                                123.5  135.3  11.8   5.42  38.7  0.16  Limb
                               ----------------------------------------------
                                                                       North
                                167.5  168.5   1.0  11.20   3.3  0.33  Limb B
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    EP046   504811 E                                                   South
           5503054 N  -60/360   112.4  128.0  15.6   3.66  51.2  0.11  Limb B
                               ----------------------------------------------
                                                                       North
                                151.5  172.2  20.7   2.60  67.9  0.08  Limb
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    EP047   504751 E                                                   North
           5503178 N  -50/180   21.5   37.0  15.5   1.72  50.8  0.05   Limb
    -------------------------------------------------------------------------
    EP048   504751 E                                                   North
           5503178 N  -63/180   34.5   38.2   3.7   3.10  12.1  0.09   Limb B
                               ----------------------------------------------
                                                                       North
                                62.8   66.2   3.4  23.23  11.2  0.68   Limb
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    EP049   504752 E                                                   South
           5503028 N  -50/360  125.7  126.2   0.5   8.30   1.6  0.24   Limb
                               ----------------------------------------------
                                                                       North
                               158.0  159.5   1.5   8.90   4.9  0.26   Limb
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    EP050   504751 E                                                   South
           5503102 N  -45/360   31.1   33.0   1.9   3.30   6.2  0.10   Limb
                               ----------------------------------------------
                                                                       North
                                80.5   87.6   7.1   3.31  23.3  0.10   Limb
                               ----------------------------------------------
                                                                       North
                                99.8  106.0   6.2   2.91  20.3  0.08   Limb B
                               ----------------------------------------------
                                                                       North
                               139.1  143.5   4.4   0.47  14.4  0.01   Limb B
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    EP051A  504752 E                                                   North
           5503076 E  -45/360  115.7  117.0   1.3   2.10   4.3  0.06   Limb
                               ----------------------------------------------
                                                                       North
                               135.0  141.9   6.9   4.09  22.6  0.12   Limb B
                               ----------------------------------------------
                                                                       North
                               161.0  162.0   1.0  11.90   3.3  0.35   Limb C
                               ----------------------------------------------
                               176.3  177.0   0.7  57.00   2.3  1.66     X
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    EP052   504752 E           DDH
           5503054 N  -45/360  stoped
                               out
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    EP053   504752 E                                                   North
    inclu- 5503128 N  -45/360   39.0   68.0  29.0   4.16  95.1  0.12   Limb B
    ding                       ----------------------------------------------
                                                                       North
                                53.6   57.3   3.7  18.81  12.1  0.55   Limb B
                               ----------------------------------------------
                                                                       North
                                99.4  102.0   2.6   6.39   8.5  0.19   Limb C
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    EP054   504751 E                                                   North
           5503153 N  -45/360   52.0   61.0   9.0   1.22  29.5  0.04   Limb C
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    EP055   504701 E                                                   South
           5503131 N  -45/360   12.0   15.0   3.0   1.57   9.8  0.05   Limb
                               ----------------------------------------------
                                                                       North
                                31.5   37.0   5.5   1.18  18.0  0.03   Limb
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    EP056   504700 E            assays
           5503102 N  -45/360   pending
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    EP057   504702 E                                                   South
           5503077 N  -45/360   62.0   72.0  10.0   0.80  32.8  0.02   Limb
                               ----------------------------------------------
                                                                       North
                               118.2  127.5   9.3   3.39  30.5  0.10   Limb B
                               ----------------------------------------------
                                                                       North
                               141.2  164.5  23.3   0.90  76.4  0.03   Limb C
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    EP058   504699 E                                                   North
           5503053 N  -45/360  147.6  156.4   8.8   5.81  28.9  0.17   Limb B
                               ----------------------------------------------
                                                                       North
                               165.7  176.4  10.7   3.03  35.1  0.09   Limb C
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    (*) True widths estimated at approximately 70% of intersection widths
    

    The EP Zones are modeled in 3D and the present interpretation shows good
continuity in plan and section for three separate sub-zones on the North Limb
as well as three on the South Limb EP Zone. These sub-zones occur as
replacement mineralization conformable to individual iron formation units and
remain open on-strike.

    
    Tenacity Zone
    -------------
    
    Drilling at the Tenacity Zone has defined potentially open pit-style
mineralization over a minimum strike length of 500 metres. The Tenacity Zone,
which remains open at depth (down-plunge), contains "shoots" of higher-grade
mineralization that could be amenable to underground mining and will be the
focus of future drilling on this zone. Highlights to date include 15.97g/t Au
across 32.1m in hole TN026, 4.13g/t Au across 18.9m in hole TN011, and
16.86g/t Au across 5.5m in hole TN025. A full table of new assay results from
Tenacity is expected in the near future.

    
    UNDERGROUND ZONES
    -----------------
    
    Company representatives have recently completed a compilation of known
data from the Project area, resulting in the identification of numerous highly
prospective drill targets. Drilling has moved towards delineating potential
resources in close proximity to existing mine workings. These targets include
the South Porphyry Zone ("SPZ"), the "F2 Zone" and High Grade Vein Zones
("HGV") identified on several mine levels.

    
    SPZ
    ---
    
    The South Porphyry Zone was mined at Hardrock between the 3rd and 6th
Levels, with 264,354 tonnes (291,428 Tons) of ore mined at a recovered grade
of 8.37g/t Au (0.244 oz/t) between the 3rd and 6th mine Levels. Significant
potential to define resources exists within the unmined down-plunge extension
of the SPZ. This is indicated by numerous underground drill intersections of
up to 14.06g/t Au across 11.2m, 13.03g/t Au across 15.7m, and 8.91g/t Au
across 8.2m over a plunge length of nearly 3 kilometres (8,500 feet).

    
    F2 Zone
    -------
    
    The F2 Zone is located under the Main F Zone from which 1.438 Million
ounces of gold was mined. Intermittent underground drill intercepts over a
plunge length of some 600 metres (2,000 feet) partially define this zone with
intercepts that include 14.74g/t Au across 7.6m, and 7.30g/t Au across 11.0m.

    
    HGV Zone
    --------
    
    Little effort was given to define narrow vein high-grade mineralization
because the primary historic mining method at Hardrock was from underground
longhole, Production cost pressures in a low gold price era rendered these
zones less favourable despite the fact that high-grade intersections were
realized in numerous areas. Recent compilation work has identified the
potential to define what appears to be continuous veining over a plunge length
of some 1,100 metres (3,800 feet). Intersections up to 112.5g/t Au (3.28
oz/ton gold) across 1.2m on the 7th Mine Level, 39.1g/t Au (1.14 oz/ton gold)
across 1.2m on the 10th Mine Level, 12.7g/t Au (0.37 oz/ton Gold) across 2.9m
on the 11th Mine Level and 88.5g/t Au (2.58 oz/ton gold) across 1.5m on the
13th Mine Level all demonstrate the potential for high-grade vein-style
mineralization at Hardrock. This style of mineralization is similar to that
mined at two nearby mines located on the Hardrock Property; the Little Long
Lac Mine (past production of more than 600,000 ounces of gold at an average
recovered grade of 11.66g/t Au) and the Magnet Mine (past production of more
than 150,000 ounces of gold at an average recovered grade of 14.4g/t Au).
    The Hardrock Project is operated under a joint venture with Roxmark Mines
Limited (TSX-V:RMK) (Premier earning a 70% interest). The Hardrock Project is
host to several past-producing mines which collectively produced nearly 3.0
Million ounces of gold primarily from relatively shallow depths (600 metres)
from 1938-1968. Importantly, the Hardrock Project has the potential for
defining several styles of mineralization capable of hosting resources, with
grades and widths similar to many of Ontario's major gold mines including Open
pit-style mineralization with grades exceeding 1.5 g/t Au (Timmins, Hemlo),
broad zones of mineralization with grades averaging 5.0+ g/t Au (Musselwhite),
and narrow vein zones with higher gold grades often exceeding 7.0g/t (Red
Lake, Pickle Lake). The Hardrock Project benefits from development advantages
with the Trans-Canada Highway, Trans-Canada Pipeline, and major power lines
running through the center of the property.
    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. Assay results are from core samples sent to
Activation Laboratories, an accredited mineral analysis laboratory in Thunder
Bay, Ontario, for preparation and analysis utilizing both fire assay and
screen metallic methods.

    Premier Gold Mines Limited is a well financed Canadian-based mineral
exploration and development company with several projects and deposits in
Northwestern Ontario and a joint venture in Mexico. In the Red Lake gold
mining camp, two of these are operated in joint venture with Red Lake Gold
Mines. The company also owns a strategic project located on the main
Musselwhite Gold Mine trend and recently acquired mineral properties in
Geraldton area from Barrick Gold.

    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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