Premier Hardrock Drilling intersects high grade gold at Tenacity 16.86g/t Au across 5.5m

    Shares Issued: 78,065,179

pleased to announce that ongoing drilling at the Hardrock Project in
Geraldton, Northwestern Ontario continues to return high-grade gold
mineralization in the Tenacity Zone, as well as high grade narrow vein
mineralization in a deeper target (KL Zone). This drilling suggests that the
Tenacity Zone may improve with depth as confirmed by an intersection of 16.86
grams per tonne gold (g/t Au) across 5.5 metres (m) in the furthest
down-plunge section drilled to date. Additionally, drilling has confirmed high
grade gold in a deeper target beneath Tenacity with intersections of 40.1g/t
Au across 1.0m and 17.45g/t Au across 1.9m. Highlights of recent Tenacity
drilling include:

    -   Drilling suggests the potential to develop both open pit and
        underground resources with apparent improvement in grade and
        continuity down-plunge.
    -   Exploration drilling (three holes) confirmed high grade gold
        mineralization within a narrow vein target with intersections in
        excess of 17.14 g/t Au ((greater than) 0.50 oz/ton).

    Follow-up drilling at Tenacity, as well as the testing of other target
areas, is on-going.
    "Our success in drilling numerous target sites at Hardrock speaks volumes
of the quality of this Project", stated Ewan Downie, President of Premier.
"Gold mineralization found over appreciable widths in multiple horizons
support our view that a sizeable gold resource will be delineated on the
    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 more than 2.0
Million ounces of gold from the same shallow deposits within 2000 feet (600
metres) of surface 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).


    Drilling at the Tenacity Zone has confirmed the potential for both open
pit and underground-style gold mineralization. Drilling has defined open
pit-style mineralization over a strike length of approximately 400 metres and
is now testing for higher-grade mineralization that could be amenable to
mining from a ramp below the potential pit workings. Mineralization remains
open at depth with the strongest intersection being seen in hole TN025, the
first hole with assays from the western-most (down-plunge) section drilled to
date. Tenacity intersections of more than 20 metres have been visually
confirmed down-dip from hole TN025, which returned 16.86g/t Au across 5.5m.
    A longitudinal section of the Tenacity Zone, including historic
intercepts, is available on the Premier website or by pressing the following
    Follow-up drilling continues to intersect strong vein zones including
several occurrences of visible gold. Highlights from recent drilling are
presented in Table 1 (Note that holes TN013, 016, 017, 019, 021 and 023 were
drilled east of the main area under the ice with no significant intercepts):

    Table 1  Recent Tenacity Zone Intercepts

                Grid              Inter-
               Coord-     Dip/   section
    Hole       inates  Azimuth   From-To      Int.  Int.   Au     Au
    No.         (m)   (degrees)    (m)        (m)   (ft)  (g/t) (oz/t)  Zone
            505449 mE             181.3-                                Ten-
    TN018  5502553 mN  -50/360    198.7      17.4  57.1  1.93   0.06   acity
            505449 mE             322.3-                                Ten-
    TN020  5502456 mN  -50/360    323.7       1.4   4.6  3.97   0.12   acity
            505449 mE             231.1-     12.4  40.7  2.36   0.07    Ten-
    TN022  5502532 mN  -60/360    252.7      21.6  70.8  1.16   1.16   acity
            505400 mE             192.0-                                Ten-
    TN025 55502556 mN  -50/360    197.5      5.50 18.00 16.86   0.49   acity
    (*) True widths estimated at approximately 70% of intersection widths


    Three holes have successfully tested a high grade narrow vein target (KL
Zone) below the main Tenacity Zone. This drilling confirms the potential to
define high grade underground gold mineralization and the zone remains open,
both up and down-plunge.
    These intersections are also profiled on the longitudinal section of the
Tenacity Zone that is available on the Premier website.
    Follow-up drilling to test for extensions of the KL Zone has started.
Highlights from this drilling are profiled in Table 2.

    Table 2  Recent KL Zone Intercepts
               Grid               Inter-
              Coord-      Dip/   section
    Hole      inates   Azimuth   From-To      Int.  Int.   Au     Au
    No.        (m)    (degrees)    (m)        (m)   (ft)  (g/t) (oz/t)  Zone
             505749N                                                      KL
    TN012   5502617E   -50/360                1.9   6.2  17.45   0.51   Zone
             505749N              Assays                                  KL
    TN014   5502617E   -70/360   Pending                    VG          Zone
             505648N                                                      KL
    TN015   5502605E   -45/360                1.0   3.3  40.20   1.17   Zone

    (*)  True widths estimated at approximately 70% of intersection widths
    (xx) NSV - No significant assay values

    These results in both the Tenacity and the KL Zones demonstrate
continuity and grade, supporting management's belief that historic and new
results will be utilized in a NI 43-101 compliant resource calculation, which
is expected to be completed in Q4 2009. The current program at Hardrock is
expected to consist of more than 50,000 metres of definition and exploration
drilling. 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:

    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
    3) Narrow vein zones with higher gold grades often exceeding 7.0g/t
       (Red Lake, Pickle Lake)

    Initial drilling is focusing on delineating both 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). The Project offers development advantages with the
Trans-Canada Highway, Trans-Canada Pipeline, and major power lines running
through the center of the property. Significant potential exists for
developing resources in several areas including: 1) Open pit-style
mineralization at the site of the original discovery where a resource
containing several hundred thousand ounces of gold was partially drilled off
by previous operators; 2) Several newer high-grade discoveries have been made
throughout this large property package that have received little to no
follow-up; 3) Resource blocks reported to remain within the mine workings;
and, 4) The main mined zones which remain open below the 600m Level.
    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 presented 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, and another, adjacent to the Red Lake Gold Mines complex, is operated
on a 100% basis. The company also owns a strategic project located on the main
Musselwhite Gold Mine trend and is acquiring 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

    %SEDAR: 00024152E

For further information:

For further information: Ewan Downie, President & CEO, Phone: (807)
346-1390, Fax: (807) 346-0100, e-mail:, Web Site:

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