Premier Gold Announces Private Placement Completed

Premier Gold Updates Hardrock project

Premier Gold Updates Hardrock projectTHUNDER BAY – PREMIER GOLD MINES LIMITED (PG:TSX) (“Premier” or the “Corporation”) have announced that it has completed a previously announced non-brokered private placement (the “Offering”) of common shares that are “flow-through shares” within the meaning of the Income Tax Act (Canada) (each, a “Flow-Through Share”) at a price of $2.45 per Flow-Through Share. The Offering was upsized to gross proceeds of $9,187,500 on the sale of 3,750,000 Flow-Through Shares.

The proceeds from the Offering will be used for exploration activities on the Corporation’s Canadian mineral exploration projects. All Flow-Through Shares issued under the Offering are subject to a four-month plus one day hold period pursuant to applicable Canadian securities laws.

Premier Gold Mines Limited is one of North America’s leading exploration and development companies with a high-quality pipeline of gold projects focused in proven, safe and accessible mining jurisdictions in Canada and the United States. The Company is fully financed with a portfolio of advanced-stage assets in world class gold mining districts such as Red Lake and Geraldton in Ontario and the most prolific gold trends in Nevada.