Premium Exploration Inc.

Wilf Struck Memorial - Vancouver
Bars of precious metals

Premium Exploration Issues Blackout Period

August 20, 2009

August 20, 2009

VANCOUVER, BRITISH COLUMBIA (August 20, 2009) – Premium Exploration Inc. (TSX-V:PEM) (?Premium? or the ?Company?) is issuing a black out period for all insiders, management and consultants of the Company in anticipation of the assay results from the Friday-Petsite project in Idaho.  The blackout period will remain in effect until 24 hours after the news is released.

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 an NI 43-101 gold resource, a PGM exploration project in Montana, and a past-producing silver project in Mexico. For additional information, please visit us at www.premiumexploration.com.

For More Information, Please Contact:

 

Mr. Wilf Struck, P.Eng

Chief Executive Officer

Premium Exploration Inc.

P: (604) 682-0243

F: (604) 682-2499

Email: wstruck@premiumexploration.com

Christine Kopr

Corporate Communications

Premium Exploration Inc.

P: (604) 682-0243

F: (604) 682-2499

Email: christinekopr@opescommunications.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