Premier-Roxmark intersect high-grade gold at Hardrock



    Shares Issued: 78,065,179

    THUNDER BAY, ON, Feb. 25 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG) is
pleased to announce that drilling has intersected broad intersections of
near-surface mineralization as well as narrow vein high-grade gold in separate
target zones on the Hardrock Project in Northwestern Ontario. These gold zones
confirm extensions to previously drilled open pit zones, and define the
potential to identify significant high-grade mineralization in close proximity
to existing mine workings in both the OREO and PIT target areas. These drill
targets represent the second and third of several targets currently being
tested on the property, and are in addition to the EP-Zone where the companies
recently announced intersections of up to 11.8g/t Au across 11.4 meters (see
press release dated Feb. 17, 2009). The current program is expected to consist
of more than 50,000 metres of definition and exploration drilling leading to
NI 43-101 compliant gold resources in 2009.

    
    OREO Zone
    ---------
    

    The OREO Zone was identified in historic drilling between the two main
producing horizons at Hardrock, namely the North Iron Formation and the
Porphyry Hill horizons. The historic drilling, testing for mineralization
between these horizons returned numerous high-grade intercepts in the area
currently being tested. The current program has intersected mineralization in
the OREO Zone, in addition to gold mineralization in the Porphyry Hill open
pit and beneath the North Zone mine workings as tested with hole OR-02.
Highlights include intersections of 6.35 g/t Au across 3.0 metres (m) and 9.95
g/t Au across 1.5 m in the OREO Zone and 13.61 g/t Au across 3.0 m in the
North Zone. To date, the OREO Zone has been tested by nine holes with
mineralization intersected over a strike length of 150 metres. The mineralized
zone remains open in both directions.
    Table 1 provides results from the initial three holes drilled to test the
OREO and North Zones:

    
    Table 1 Oreo and North Zone Results

    -------------------------------------------------------------------------
    Hole     Grid        Dip/    Intersection  Int. Int.    Au    Au    Zone
     No.  Coordinates  Azimuth    From-to (m)  (m)  (ft)  (g/t) (oz/
              (m)     (Degrees)                                   ton)
    -------------------------------------------------------------------------
    OR-01   504650mE   -60/360  255.80-256.60  0.8   2.6  17.50  0.51   OREO
           5502920mN            271.10-274.10  3.0   9.8   6.35  0.19   OREO
                                285.50-287.00  1.5   4.9   6.48  0.19   OREO
    -------------------------------------------------------------------------
    OR-02   504648mE   -60/360  108.60-116.00  7.4  24.3   1.74  0.05    PIT
           5502865mN            125.40-131.50  6.1  20.0   1.89  0.06    PIT
                                390.10-393.10  3.0   9.8  13.61  0.40  NORTH
    -------------------------------------------------------------------------
    OR-03   504650mE   -60/360  220.70-222.20  1.5   4.9   9.95  0.29   OREO
           5502967mN            244.70-245.70  1.0   3.3   5.70  0.17   OREO
    -------------------------------------------------------------------------
    (*) True widths are estimated at approximately 70% of intersection widths


    High-Grade E-Zone
    -----------------
    

    Drilling in the E-Zone continues to support the Company's goal of
identifying narrow vein, high-grade gold mineralization at Hardrock. The
E-Zone is located along strike from, and within the same iron formation host
rock as, the North Zone deposit from which 2.97 Million tonnes of ore was
mined at a grade of 7.54 g/t Au. Initial drilling has identified parallel
zones within the E-Zone target highlighted by an intersection of 40.1 g/t
(1.17 oz/ton) Au across 1.5 metres (m) in the E-Zone and 1.35 g/t Au across
23.0 m in an eastward step-out in the Porphyry Hill Open Pit Zone.
    Table 2 demonstrates the high-grade potential of the E-Zone and expansion
potential in the Porphyry Hill Open Pit target:

    
    Table 2 E-Zone Drilling results

    -------------------------------------------------------------------------
    Hole     Grid        Dip/    Intersection  Int.  Int.    Au    Au   Zone
     No.  Coordinates  Azimuth    From-to (m)  (m)   (ft)  (g/t) (oz/
              (m)     (Degrees)                                    ton)
    -------------------------------------------------------------------------
    PIT-01  505053mE   -45/360  Assays pending                           PIT
           5502804mN            Assays pending                             E
    -------------------------------------------------------------------------
    PIT-02  505052mE   -45/360  202.50-204.00   1.5   4.9   40.1  1.17     E
           5502854mN
    -------------------------------------------------------------------------
    PIT-03  505051mE   -45/360   24.00-47.00   23.0  75.5   1.35  0.04   PIT
           5502904mN            184.40-186.00   1.6   5.2   2.36  0.07     E
    -------------------------------------------------------------------------
    (*) True widths are estimated at approximately 70% of intersection widths
    

    The Hardrock Project is operated under a joint venture with Roxmark Mines
Limited (TSX-V:RMK) (PG 70%) and is host to several past-producing mines which
collectively produced nearly 3.0 Million ounces of gold to relatively shallow
depths of approximately 2000 feet (600 metres) from 1938-1968. The mined zones
remained open at depth at the time mining ceased and developed historical
resources were left in place within the existing mine workings (a qualified
person has not done sufficient work to verify the historical resource, the
company is not treating the historical resource as a current resource and the
historical resource should not be relied upon). Importantly, the Hardrock
Project has the potential to host several styles of mineralization capable of
hosting resources, with grades and widths similar to many of Ontario's major
gold mines including:

    
        1) Open pit-style mineralization with grades exceeding 1.5 g/t Au
           (Timmins, Hemlo)
        2) Broad zones of mineralization with grades averaging 5.0+ g/t Au
           (Musselwhite)
        3) Narrow vein zones with higher gold grades often exceeding 7.0g/t
           (Red Lake, Pickle Lake)
    

    Ongoing drilling with four drills is focusing on delineating both
potential open pit and underground resources with the goal of defining a
multi-million ounce gold resource that can be moved quickly towards
development (See references to historical resources above). Two drills are
currently testing several high-potential exploration targets located on the
project area.
    The Hardrock 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 some of the most prospective geology in the region and is host to
several 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
Project offers development advantages with the Trans-Canada Highway,
Trans-Canada Pipeline, and hydro power lines running through or near the
property. Significant potential exists for developing both open pit and
underground resources.
    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. The assay results contained in this press
release 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 projects are operated in joint venture with Red Lake Gold
Mines, while a newly signed option agreement will give Premier a 100% interest
in the strategic Lennie Red Lake Property. The company also owns a strategic
project located on the main Musselwhite Gold Mine trend and the recently
acquired Hardrock 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:
http://www.premiergoldmines.com


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