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Premium Exploration Inc.

TICKER:  PEM:TSX-V
DESCRIPTION:  Premium Exploration Inc. is focused on precious metals exploration in the United States and Mexico. Utilizing the joint venture strategy, Premium maintains multiple interests and royalties in many projects, maximizing shareholder exposure to mineral discovery. Premium’s portfolio currently holds projects in various stages of exploration in Mexico, and the Friday/Petsite Project, a 43-101 inferred gold resource in Idaho, USA. Through joint ventures, Premium is advancing the Chrome Mountain PGM project in Montana, USA and the Buffalo Gulch Gold Deposit in Idaho, USA, while talks for joint ventures and acquisitions in Mexico are underway. Visit Premium Exploration's FORUM.
WEBSITE:  http://www.premiumexploration.com
Corp. Overview 3/28/08 Larry Myles Report Pinnacle Digest Report 5/08 MD&A 11/29/2007

The information below is based on the most recent information we have received from analysts and the companies participating in The Gold Report. We encourage you to visit the company's web site for updates.

The Gold Report "With the summer drilling season rounding into full swing, two companies are trying to capitalize on high-grade properties in Mexico.

Cream Minerals has recently set out on its $2.6 million drill program on its 100% owned Nuevo Milenio Project. The Nuevo Milenio Project is located in the Municipality of Xalisco, Nayarit, 20 kilometres southeast of Tepic in the area of the Ejido El Refugio, west of Rochester Resources [TSX-V:RCT] producing Mina Real Mine...

Adjacent to Cream Minerals Nuevo Milenio project is Premium Exploration’s Nueva Galicia’s project. The Nueva Galicia Project consists of approximately 18,125 hectares of land.

Currently, Premium Exploration has two drills on the property and intends to complete 20 drill holes to finish their 2,000-metre drill program. Past drilling by Premium Exploration on the Nueva Galicia project has produced some strong results...

Premium Exploration’s vision is to test some of the same mineralization that comes off of Cream Mineral’s property. Premium would like to define a NI 43-101 compliant mineral resource as quickly as the end of the current drill program." (6/9/08)
- resourceinvestor.com

The Gold Report "Chrome Mountain Property, Stillwater Complex (Montana): set to commence a 10,000-feet drill program which will consist of 10-15 NQ drill holes." (5/26/08)
- Junior Mining Weekly

The Gold Report So what is a penny investor to do? And an investment opportunity presents itself! In two previous reports I have shone the spotlight on Premium Exploration Inc. (TSX.V: PEM) – and for very good reason. The Company has exciting gold and silver properties in Mexico. They have a proven gold asset in Idaho. But what has me excited is their Chrome Mountain project in the Stillwater Complex of Montana. For me, the allure of Chrome Mountain was the potential for platinum, palladium, rhodium and gold. Premium’s property is located approximately 1.5 km from the East Boulder Mine’s underground drift within the ultra‐mafic layered intrusion of the Stillwater Complex. With platinum trading around $2,000 an ounce, my interest grew. And rightly so. But it was the potential for rhodium that really plays on the imagination. With an ounce of rhodium trading at around $9,000 an ounce, this is what mining dreams are made of! (5/08) Download full report.
- Larry Myles Reports

The Gold Report "My model shows weekly support at 0.280 with my quarterly pivot at 0.374 and monthly resistance at 0.513.

The 50- week and 21- week moving averages provide additional resistances at 0.430 and 0.456. " (5/12/08)
-JASON SUTTMEIER, CCM RESEARCH

The Gold Report "Our team wanted to find a resource play, not just a one or two dimensional company with a small target but one that was going after four or five targets with several mineralization zones on separate properties. Also, we go greedy on this one and wanted a tight capital structure and a small market cap. Was it hard to find? Absolutely. That is why our team is proud to put our name behind this company...Chrome Mountain is arguably Premium Exploration's most attractive property. Located in Montana, it is a platinum, palladium, rhodium and gold target...is 1 mile and 4 miles from the only two producing PGM mines in the U.S...Since Pinnacle Digest's inception, we have never dealt with a company so diversified and with such depth in their properties. One of the most diversified and hedged we have ever featured." (5/2/08)
- Pinnacle Digest

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