Penbar Capital Ltd V.PEM

NEWS OUT

[Xcal911]

February 10 2010

Dear Subscriber,

After releasingthe first three holes from the Phase-Two drill program, Premium's gold project,Friday-Petsite, was recently covered in the Vol.95, No. 50 of the NorthernMiner.

HighlightsIncluded:

PFR2009-10: 2.66 g/t gold over198.4 meters (650.9 feet) including

3.81 g/t goldover 121.1 meters (397.2 feet) including
9.16 g/t goldover 25.3 meters (83.0 feet) including
30.60 g/t gold over 1.8 meters (6.0feet)

Please click on the image below to review the article in it's entirety.

About PremiumExploration, Inc.
PremiumExploration Inc. (TSX-V:PEM) isan explorer and developer of North American gold, silver, platinum andpalladium. Our projects are located inthe USA and Mexico; stable regions where we have a history of success. Our teamis committed to unlocking mineral wealth for our shareholders by discovering,developing, and permitting precious metals assets to production. The Company’sportfolio includes one of the largest land packages in Idaho, including an NI43-101 gold resource, a PGM exploration project in Montana, and a past-producingsilver project in Mexico.For additionalinformation, please visit us at www.premiumexploration.com.

For moreinformation, please contact:

Mr. WilfStruck, P.Eng.
ChiefExecutive Officer
PremiumExploration Inc.
[phone]
[phone]
e: [e-mail]
w: www.premiumexploration.com

Ms. Christine Kopr
CorporateCommunications
OpesCapital Inc.
[phone]
e:[e-mail]
www.opescapitalinc.com

Tracy Weslosky & Fred Cowans
ManagingPartners
Pro-edgeConsultants Inc.
Toll-Free:[phone]
F:[phone]
Email:[e-mail]