VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 28, 2011) - Premium Exploration Inc. (TSX VENTURE:PEM)(OTCQX:PMMEF) ("Premium" or the "Company") is pleased to announce that Mr. Ken Booth has been appointed to the Company's Board of Directors.
Commensurate with the development of the Idaho Gold Project, Premium is realigning its team and Board of Directors to further the development of the property. In line with this strategy, Mr. Booth brings over 30 years of experience in mining and exploration, corporate finance, and the management of public companies. He has worked for two of Canada's largest investment banks executing numerous equity financings for both junior and senior companies and was involved in a number of significant mergers and acquisitions.
While working with resource companies, Mr. Booth has held several positions including CEO and Vice-President of Corporate Development. In these roles he was instrumental in securing equity funding and negotiating property acquisitions, and joint ventures. He holds an MBA from St. Mary's University and a Bachelor of Science in geology from Carleton University. Mr. Booth is a Director of El Tigre Silver Corp. and Invenio Resources Corp., both companies are listed on the TSX Venture Exchange.
Mr. Booth has been granted 150,000 stock options which are exercisable at a price of $0.25 for a period of three years from the date of the grant. The options will vest according to the Company's Stock Option Plan and the grant to Mr. Booth is subject to approval by the TSX Venture Exchange.
Concurrent with Mr. Booth's appointment, Mr. Patrick Sam Yue has stepped down from the Board of Premium to pursue other mining interests in Australia.
About Premium Exploration Inc.
Premium Exploration Inc. (TSX VENTURE:PEM)(OTCQX:PMMEF) is focused on gold exploration at its district-sized Idaho Gold Project along the Orogrande Shear Zone in North-Central Idaho, USA. The "OSZ" is a +30 km regionally-significant trending structure with multiple known zones of gold mineralization, similar to many large gold belts, like the Carlin Trend in Nevada. For additional information, please visit us at www.premiumexploration.com.
This press release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Security Exchange Act of 1934, and involves a number of risks and uncertainties. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX Venture Exchange and the British Columbia Securities Commission. All statements, other than of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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