Premier Gold Mines Limited provided an update of ongoing exploration activities at several of the Company's project sites. Overall, 2013 has been an exceptional year for drilling success. Aggressive drill programs at Hardrock, Cove and Rahill-Bonanza have expanded mineral resources, revealed multiple new discoveries and continue to demonstrate the potential for future resource growth.

To compliment this success, the Company has also bolstered its management team and board of directors with several key additions to support future growth. Selected highlights from 2013 exploration and development programs and expected milestones for 2014 include: - Trans-Canada Property, Ontario: - An updated mineral resource estimate for the Hardrock deposit released in H2-2013 confirmed an expanded open pit scenario containing significant gold resources. - A new open pit target (Twomey Target) to the west of the Hardrock deposit has been identified and is currently being drill tested.

- A final resource estimate for Hardrock deposit, which will include approximately 55,000 metres of additional drilling, is expected to be completed during 2014. - Preliminary Economic Assessments ("PEA") for the Hardrock deposit (open pit only) and the Brookbank deposit will be released in the first quarter of 2014. - Cove Gold Project, Nevada: - Premier released an updated mineral resource estimate for the Helen Zone deposit which hosts significant high-grade gold resources.

- New discoveries were made with initial drilling proximal to the historic Cove open pit mine including; - 2201 poly-metallic (Au-Ag-Zn-Pb) discovery beneath the Cove pit. Recent step-out drilling has confirmed the extension of the 2201 Zone with multiple intervals of massive, semi-massive, and stringer sulphide mineralization (assays pending). - Cove North Deep discovery in a new target area to the north of the Cove pit.

Recent step-out drilling has confirmed favourable mineralization a further 300 metres to the north (assays pending). - Extensions to the Cove South Deep (CSD) Zone, proximal to and along strike from historic underground mining. Recent step-out drilling has identified further extensions to this highly prospective horizon located within hundreds of metres of the open pit (assays pending).

Continued expansion drilling on the new discovery areas will continue throughout 2014. Rahill-Bonanza (Red Lake) JV Project, Ontario: - Underground drilling has identified a new structure, immediately south of the tram, that is currently being tested by fan-drilling. Strong veining and mineralization has been intersected and assays will be released in the first quarter of 2014.

- Initial drilling is testing the primary target on the property, the Wilmar Zone. After encountering some difficulties in reaching target depth due to strongly altered structure, the target horizon was recently intersected with visually favourable mineralization. Initial assays are expected to be released in the first quarter of 2014.