Premium Exploration, Inc.

COMPANY DATA | INTRODUCTION |  PROJECT IN HAND | MANAGEMENT
NEWS UPDATE | CHINESE

COMPANY DATA

INTRODUCTION

Premium Exploration, Inc. is a unique precious metals explorer focused on Mexico and the USA. Premium's portfolio holds Gold, Silver and Platinum Group Metals projects in various stages of exploration, from grassroots to near production. Premium's business model utilizes the joint venture approach in which strategically chosen projects are quickly advanced.

PROJECT IN HAND

(A) PROJECTS IN MEXICO

(1) Nueva Galicia Gold-Silver Project, Nayarit

The Nueva Galicia Project consists of approximately 18,125 hectares, located near the town of Compostela, Nayarit. The Nueva Galicia Project is host to 10 high-grade silver-gold ore shoots exposed at surface. The property shows potential for additional mineralization and is located just 40 km from Rochester Resources producing Mina Real Mine.

Premium maintains an option to earn a 100% interest in the property by making staged cash and share payments over four years.

Highlights of the project:

• 10 high-grade silver-gold ore shoots, one of which historically produced 150,000 oz of gold equivalent

• Quartz veining and stockwork zones

• 18,125 hectares excellent infrastructure

• Hosts an historic open-pit

• Phase I - 2,000 metre drill program in progress

(2) San Pedro Analco Gold-Silver Project, Jalisco

The San Pedro Analco property consists of 1,136 hectares covering an extensive low sulfidation silver/gold epithermal system located within the Cinco Minas - San Pedro Analco mining district, 70 km northwest of Guadalajara, Mexico's second largest city. The project has excellent infrastructure. San Pedro Analco is a past producer, reportedly operating until 1988, although production data is unavailable.

Premium has an option to earn 100% of 1,136 hectares by making staged cash and share payments and exploration expenditures over three years.

Highlights of the project:

• 1,390.7 g/t Ag over 3.15 m

• Past-producing silver mine-potential for additional targets

• Bulk tonnage and high grade vein targets

• 1,136 hectares with good infrastructure

• Phase I mapping and sampling complete

• Phase II exploration program in progress

(3) Rosamorada Gold-Silver Project, Nayarit

The Rosamorada property consists of 300 hectares, four hours west of Guadalajara, 2 km from the Pan American highway and less than one kilometre from an active rail line. A high-tension power line crosses the property.

A preliminary field visit by Premium's exploration team revealed evidence of quartz veining and stockwork over an area at least 1,000 metres by 300 metres. Surface sampling was carried out in 2007 and the next phase of exploration at Rosamorada will be a trenching program, followed by drilling, if trenching results are favaourable.

Highlights of the project:

• Low-cost open-pit, bulk tonnage target

• Quartz veining and stockwork over 1,000 metres by 300 metres

• 300 hectares with excellent infrastructure

(4) La Lupe Gold-Silver-Lead-Zinc Project, Durango

The La Lupe property is located in the Sierra Madre region of western Durango and consists of a single claim of 900 hectares. Preliminary sampling showed up to 5,337.5 g/t silver and 11.79 g/t gold.

An exploration program of detailed geological and structural mapping, and surface sampling, of the Santo Nino mine workings is underway.

Highlights of the project:

• Sampling returned 8.37 g/t gold, 5,337.5 g/t silver, 2.91% lead and 3.92% zinc over 0.90 metres

• Bonanza grade and high-grade poly metallic vein target

• 900 hectares with good infrastructure

(5) Bonanza Gold-Silver Project, Guanajuato

The Bonanza property consists of approximately 9,644 hectares, 6 km from the town of Victoria and 70 km from the city of Queretaro.

Exploration targets include high-grade gold-silver vein deposits and disseminated bulk-tonnage gold-silver deposits.

Highlights of the project:

• Potential to host 2.0 M oz, Au-Eq. from 50 M tons of 0.8 g/t Au and 40 g/t Ag

• Disseminated bulk-tonnage target

• Three major quartz veins with argillic alteration and stockwork

• 9,644 hectares within corridor hosting multi-million oz deposits

• 49 km from Starcore International Mines Ltd.'s San Martin Mine

(B) PROJECTS IN USA

(1) Orogrande Shear Zone, Idaho

The Orogrande Shear Zone is a gold mineralization belt that is 26 miles long in strike length and has produced approximately 4,000,000 oz of gold.

South Orogrande Shear Zone: Friday-Petsite & Dixie Gold Projects

The Friday-Petsite property consists of 120 claims and is located in the vicinity of Elk City, Idaho County, central Idaho, in the western United States. 

Highlights of the project:

• 531,890 oz inferred resource (NI 43-101) - open along strike and at depth

• Disseminated bulk tonnage and high grade vein targets

• Advanced stage target: 192 drill holes, 100 ft centre spacing

• High grade vein within envelope; up to 70 ft averaging 9.0 g/t gold, including 5 ft of 67.89 g/t gold

The Dixie property is comprised of 17 claims and is located near the South Orogrande Shear Zone. Premium intends to complete a general exploration program to investigate the anomalous areas of the property in order to locate targets for drilling.

North Orogrande Shear Zone: Buffalo Gulch Gold Project

The Buffalo Gulch property is comprised of 107 unpatented mining claims. The Buffalo Gulch Project is accessible year round and there is a good access via State Highway 14 from Grangeville (60 miles west of Elk City). Premium entered a Letter of Intent to joint venture with Clearwater Mining Company to earn a 50% interest in the property.

Highlights of the project:

• Mine re-permitting in progress

• Joint venture exploration and development of the North Orogrande Shear Zone with Clearwater Mining Corp.

• Potential for a high-grade gold vein structure that could follow the 11.26 km of strike length of the northern extension

• Soil sampling complete, results pending and possible resource expansion

(2) Chrome Mountain Platinum Group Metals Project, Montana

The Chrome Mountain property consists of 167 mining claims covering 970 hectares. The Chrome Mountain project is a platinum, palladium, rhodium and gold target within the Stillwater Layered Intrusive Complex. The property is joint ventured with Beartooth Platinum Corp.

Highlights of the project:

• Platinum, palladium, rhodium and gold target within the Stillwater Layered Intrusive Complex

• Drilled 116.7 metres of 1.0 g/t PGM plus Au with five "UG2 style" high grade intercepts occurring within a "platreef style" halo

• 2,300 m x 1,000 m wide soil anomaly with values up to 1.2 g/t PGM

• 1.5 km from the East Boulder PGM Mine underground drift

MANAGEMENT

Premium Exploration, Inc. has assembled an innovative and experienced management and advisory team.

MANAGEMENT

Del Steiner, President, CEO
Mr. Steiner began his career in the junior exploration and mining sector in 1980 as an attorney and consultant. He has extensive environmental law background relating to the resource sector. Mr. Steiner was formerly President, CEO and Director of Beartooth Platinum Corporation.

Grant T. Smith, C.A., Chief Financial Officer
Mr. Smith's background includes experience in both operating and exploration mining companies throughout North and South America. He brings audit experience from two of Vancouver's highly respected audit and accounting firms and has audit experience in mining companies with reporting for TSX, TSX Venture and AMEX. His management background extends over 20 years and includes a diverse variety of operations and organizations.

Lisa Maxwell, Corporate Secretary
Ms. Maxwell has worked as a Consultant in Corporate Communications and Marketing on an international basis for the past eleven years. Her experience includes public consultant for large scale projects, the development and implementation of websites, media and marketing plans for small to mid-size companies.

Barney Green Lee Portillo, VP Mining Development - Mexico
Mr. Portillo is a licensed Mineral Surveyor Consultant and has worked in the Mexican mining industry for 25 years as a Landman and Survey Engineer. He has worked with the Mexican Federal Government (Federal Mining Bureau) and has experience in mining, labour employment and property law with additional expertise in topography and surveying techniques. Mr. Portillo has project management experience and has worked with several major mining companies such as Barrick Gold, Glamis Gold and Kimber Resources.

Matthew Melnyk, Head Geologist - Mexico
Mr. Melnyk has over 13 years of experience in mineral exploration in Mexico, South America, Canada, Australia, and Africa for precious, base metals and diamond deposits. He is fluent in Spanish and utilizes his extensive knowledge and diverse experience in the fields of structural and exploration geology and the financial aspects of the market to advance projects to their fullest potential. Mr. Melnyk holds a B.A. in Geology and a M.Sc. in Structural Geology.

BOARD OF DIRECTORS
Del Steiner
Barney Green Lee Portillo
Salvador Huerta
Robert Komarechka
Vanessa Bachman

ADVISORY BOARD
Robert Coale
J. Peter Davies

INDEPENDENT GEOLOGICAL CONSULTANT
Wilf Struck

NEWS UPDATE

On October 2, 2008, Premium Exploration Inc. and Beartooth Platinum Corp. announced that they have completed the 2008 drill program at the PGM Chrome Mountain and Beartooth's adjacent Iron Mountain property in the Stillwater complex, Montana, USA.

Highlights include:

· Completion of 11 core holes totalling 1,623 metres (5,324 ft) with an average depth of 148 m (484 ft);
· Visible chromite identified in two holes to date;
· Core logging completed with final preparation of samples for shipment to the assay lab is underway;
· 387 surface soil samples collected over 2,400 m west of Chrome Mountain to delineate the western extension of the 15-km PGM geochemical anomaly;
· Chrome Mountain is located 1.5 km from the East Boulder PGM mine (Stillwater Mining Company).

On September 18, 2008, Premium Exploration, Inc. announced a Phase II exploration program at past silver producer San Pedro Analco Mine, Jalisco, Mexico.

The commencement of the Phase II Exploration Program follows up on reported historic drilling of 86 diamond drill holes at the San Pedro Analco silver mine. Premium is currently reviewing an independent report on the San Pedro Analco project and in preparation has applied for necessary permitting for a future drill program.

On September 18, 2008, Premium Exploration, Inc. announced that it has completed a total of 26 diamond drill holes at the Silver-Gold Nueva Galicia Project located near the town of Compostela, Nayarit, Mexico. The drill program totaled 1,550 m of the 2,000 m Phase I Program.

Disclaimer

Copyright (c) 2000 - 2008 Chinese Investment Club Inc.
All Right Reserved. Do not duplicate or redistributed in any form.
版權所有, 未經同意, 不得以任何形式轉載或翻印