FOR IMMEDIATE RELEASE ON JULY 26, 2006
PREMIUM EXPLORATION INC. ANNOUNCES RESIGNATION OF CFO
VANCOUVER, BRITISH COLUMBIA–(CCN Matthews – July 26, 2006) – Premium Exploration, Inc. (TSX VENTURE:PEM) (“Premium” or the “Company”) (http://www.premiumexploration.com) announces that effective July 20, 2006, Mr. Kenneth Scott has resigned from his position as the Company’s Chief Financial Officer and member of its Board of Directors. The Company has started a search for his successor and expects to appoint a new Chief Financial Officer in the near future.
Del Steiner, President and CEO of the Company stated, “Due to personal reasons, Mr. Scott has been required to resign from his position with the Company. On behalf of the Company’s board of directors, shareholders, and employees I wish to thank him for his exemplary and dedicated service, his contributions and expertise will be missed.”
During the transition period to a new Chief Financial Officer, Mr. Scott will continue to work with the Company in a consulting role, will assisting the Company in its preparation of its second quarter financial reports and regulatory filings.
About Premium Exploration, Inc.:
Premium Exploration Inc. is a publicly-traded junior exploration company which has been strategically developed to maximize the economic potential of the current bull market in precious metals. Premium retains a very experienced management and advisory team, with extensive experience in various aspects of mineral exploration and production, including exploration at all stages, mining engineering, metallurgy, and minerals processing. The company currently holds exploration projects located in central and northern Mexico with potential to host gold, silver and copper deposits, and a gold-platinum-palladium-rhodium project within the Stillwater Complex of Montana.
More information can be found on our website at http://www.premiumexploration.com or on the SEDAR website at http://www.sedar.com .
Contact Information:
Mr. Del Steiner
President and CEO
Premium Exploration, Inc.
(604) 682-0243
Email:
dsteiner@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 involve 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 files 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. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.