Premier-Roxmark intersect 254.8 g/t (7.44 oz/ton) and 60.88 g/t (1.78 oz/ton) in new zone discovered proximal to Little Long Lac Gold Mine



    TORONTO, March 3 /CNW Telbec/ - Roxmark Mines Limited (TSXV - RMK) today
announced that drilling by PREMIER GOLD MINES LIMITED (TSX:PG) at the
Geraldton Project has confirmed its initial exploration model by intersecting
multiple zones with high-grade gold mineralization proximal to the
past-producing Little Long Lac Gold Mine including 254.8g/t Au (7.44 opt) over
0.3m, 60.88/t Au (1.78 opt) over 1.0m and 45.3g/t Au (1.32 opt) over 1.0m. The
Geraldton Project is being operated by Premier under an option agreement with
Roxmark.
    The "Geraldton Project" is located in the heart of the
Beardmore-Geraldton greenstone belt, a highly prospective high-grade gold
district that has seen relatively little exploration over the past several
decades. The Project area covers approximately 10 kilometres of some of the
most prospective geology in the region and is host to three past-producing
mines and numerous exploration targets in a district that has seen historic
production of more than 4.1 Million ounces of gold.
    The first target area tested in the ongoing $2.5 Million program was to
confirm Premier's belief that previously untested sub-parallel mineralized
faults occur proximal to the historic Little Long Lac Gold Mine. The mine
produced more than 600,000 ounces of gold during the period 1934-53 at an
average grade of 11.66g/t Au. The initial drill program consisted of 8
wide-spaced holes drilled immediately south of the historic mine workings over
a strike length of 400 metres. This drilling successfully intersected
multiple, near-surface, mineralized vein zones including what is believed to
be the up-dip extension of the No.10 Vein. Prior to closure, drifting was
carried out on the "No.10 Vein" that was discovered on the 16th Level, one of
the deeper levels (675 metres below surface) of the mine. Limited data
available with respect to this zone suggests that the No.10 Vein carried
high-grade gold and that little previous exploration was carried out up-dip
towards surface. Highlights from this initial drilling are presented in Table
1.

    
    Table 1 Significant Results at Little Long Lac Target Area

    -----------------------------------------------------------------------
    Hole-ID   Section     From       To  Length    Zone        AU       AU
                                             (m)             (g/t)    (opt)
    -----------------------------------------------------------------------
                                                     12
    PLL07001    1400E    105.0    106.0     1.0    (New)     60.88    1.78
                                                     11
                         168.0    169.0     1.0    (New)     45.32    1.32
                         189.0    190.9     1.9      10       8.70    0.25
                         288.3    289.8     1.5       9      11.43    0.33
    -----------------------------------------------------------------------
                                                     11
    PLL07002    1500E    120.5    120.8     0.3    (New)    254.79    7.44
                         227.0    228.0     1.0      10       2.94    0.09
                         256.8    260.0     3.2       9       2.36    0.07
    -----------------------------------------------------------------------
    PLL07003    1400E    150.0    152.0     2.0      10       6.95    0.20
                         193.3    194.3     1.0       9       3.28    0.10
    -----------------------------------------------------------------------
    PLL07004    1500E     26.0     27.0     1.0    (New)      5.24    0.15
    -----------------------------------------------------------------------
                                                     12
    PLL07005    1400E    143.0    146.0     3.0    (New)      4.60    0.13
                         354.0    358.5     4.5       9       5.81    0.17
    -----------------------------------------------------------------------
                                                     12
    PLL07006    1500E    101.0    102.0     1.0    (New)      7.81    0.23
    -----------------------------------------------------------------------
                                                     11
                         188.0    189.0     1.0    (New)      4.58    0.13
    -----------------------------------------------------------------------
                                                     11
    PLL07007    1600E     94.4     95.4     1.0    (New)     15.04    0.44
    -----------------------------------------------------------------------
    PLL07008    1650E     47.5     48.0     0.5    (New)      2.11    0.06
    -----------------------------------------------------------------------
    NOTE: True widths estimated at approximately 70% of intersection width
    

    Current drilling is following-up on the new high-grade gold veins to
further delineate the zones, and is also testing two additional, highly
prospective targets located immediately north and east of the Little Long Lac
Mine.
    Premier, operator of the Project, holds the option to earn up to a 70%
interest in the Geraldton Project by making cash and share payments to
Roxmark, and performing exploration on the Project. 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.
    In the Beardmore Camp, Roxmark is preparing a 6,200-metres program at the
Northern Empire Gold Mine to delineate the Contact Zone along a strike length
of 1,250 metres. Drilling is resuming this week.

    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 the last two years, Roxmark has generated cash flow from
bulk-sampled gold and molybdenum processed at its 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, (514) 939-3989, Fax: (514) 939-3717,
www.renmarkfinancial.com

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