PREMIER GOLD MINES (PG.TSX)

PREMIER GOLD MINES HIGHLIGHTS

Multiple Gold Discoveries Premier Gold Mines is an exploration and development company with gold projects in the heart of proven mining districts in Canada, the U.S., and Mexico. Several of its projects are within the Superior Sub-Province of Ontario, considered to be one of the world’s most endowed mineral regions and the birthplace of many world-class Canadian gold producers.

High-Grade Gold at Hardrock: Located in the Beardmore-Geraldton Greenstone Belt of Northwestern Ontario, Premier owns a 70% interest in the Hardrock gold project through a joint venture with Goldstone Resources. Highlights of the NI 43-101 compliant Mineral Resource estimate include Indicated and Inferred Resources of 675,000 and 425,000 ounces, respectively.

JV with Goldcorp One of Premier’s marquis properties is the Rahill-Bonanza Project, in which it has a 49% stake which through a joint venture with Red Lake Gold Mines (RLGM), an affiliate of Goldcorp (GG). Premier views the project as the “best positioned gold property anywhere.”

Aggressive Exploration Drilling Premier is undertaking an aggressive $10-$12 million exploration program in 2010 at Hardrock, with the goal of subsequently tabling a second NI 43-101 compliant mineral resource estimate amenable to underground mining.

PREMIER GOLD MINES RECENT DEVELOPMENTS

Expands Royalty Portfolio May 24, 2012 Premier Gold Mines announced that Premier Royalty Corporation has agreed to purchase a 1% net smelter return on the Gualcamayo gold mine from Golden Arrow Resources. The Gualcamayo mine is an open pit, heap leach gold mining operation with three substantial zones of gold mineralization, in the northern San Juan province of Argentina and is owned by Yamana Gold.

Rahill-Bonanza Results May 23, 2012 Premier Gold Mines provided an update on progress made at the Rahill-Bonanza Project in the Red Lake region of Canada. The emerging gold company reported that the haulage drift that is being constructed to link the Red Lake Gold Mines Complexes to the Cochenour Complex has intersected multiple mineralized quartz-carbonate vein structures since crossing onto the Rahill-Bonanza Joint Venture Project.

Proposed Changes to Board May 14, 2012 Premier Gold Mines announced proposed changes to the Company’s Board of Directors, to be effective at the upcoming Annual General Meeting of Shareholders on June 28, 2012. The Canadian-based gold company reported that proposed additions to the Premier team include Mr. Ebe Scherkus as Director and Chairman and Mr. Claude Lemasson as Director. Premier’s current Chairman, Mr Richard J. Hall and Director John A. Pollock will not be standing for re-election.

PREMIER GOLD MINES SHARE PERFORMANCE

PG.TSX HAS DELIVERED

S&P 500Premier Gold Mines posted a gain far exceeding that of the broader market over the past 52 weeks.

GoldThe Canadian-based gold explorer has consistently delivered strong leverage to the gold price for its investors.

GDXPremier has considerably outperformed its larger-cap counterparts over the past one, two, and three year periods.

XAUPremier has more than doubled the return of the XAU over the course of the past year.

PG.TSX VS BENCHMARKS SINCE NOV ’09

Premier continues to outperform benchmarks

PREMIER GOLD MINES IN THE NEWS

LOCATIED IN TOP MINING JURISDICTION ONTARIO, CANADA

KEY UPCOMING CATALYSTS

2012
Saddle Project Resource Estimate
Premier announced that recent drilling at the Company’s 100%-owned Saddle Project has returned the best intercept drilled to date. The Company noted that drilling has intersected high-grade gold mineralization over substantial core intervals in 2011 that will be used in conjunction with historic drilling to prepare a NI43-101 compliant gold resource for the Saddle deposit following the completion of the current program.

2012
High-Grade Hard Rock Deposit
On June 22, 2011, Premier announced that it entered into a definitive agreement to acquire Goldstone Resources. The transaction consolidated 100% ownership of the Hardrock Project that is host to a multi-million ounce NI 43-101 compliant resource estimate, raising Premier’s district-wide measured and indicated gold resource by 1,172,000 oz. and inferred resource by 613,000 oz.

2012
Expanding Trans-Canada Project
The current drill program is concentrating on delineating and expanding several high grade gold zones in advance of completing an updated resource, expected to be released in the first quarter of 2012. A Preliminary Economic Assessment is expected to be released in the second quarter of next year and will consider a range of possible development options to optimize the multiple deposits that comprise the Project.