TSX-V Accepts Premium Exploration’s Oversubscribed Private Placement

Vancouver, BC, Canada, June 05, 2009 --(PR.com)-- Premium Exploration Inc. (TSX-V:PEM) (“Premium” or the “Company”) is pleased to announce final acceptance from the TSX Venture Exchange of its non-brokered private placement previously announced closed May 27th, 2009. The offering was oversubscribed by 1,739,000 units and Insiders were responsible for 1,440,000 shares, representing 21.37% of the placement.

All of the securities issued pursuant to this private placement will have a hold period expiring four months and one day after the closing date. In connection with the private placement and in accordance with regulatory requirements, the Company paid an aggregate of $10,000 cash as Finder's Fees.

About Premium Exploration, Inc.

Premium Exploration Inc. (TSX-V:PEM) is an explorer and developer of precious metals projects with significant potential for near-term production and growth. Our projects are located in the USA and Mexico; stable regions where we have a history of success. Our team is committed to unlocking mineral wealth for our shareholders by discovering, developing, and permitting precious metals assets to production. The Company's portfolio includes one of the largest land packages in Idaho, including a 531,890 oz inferred gold resource (NI 43-101), two potential near-term gold production scenarios, a PGM exploration project in Montana, and a past-producing silver project in Mexico. For additional information, please visit us at www.premiumexploration.com.

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