premier gold july 2012

PREMIER GROWTH PREMIER GROWTH –– PREMIER OPPORTUNITYPREMIER OPPORTUNITYJuly 2012July 2012

-- PROVEN MANAGEMENTPROVEN MANAGEMENT

-- PROVEN GOLD DISTRICTSPROVEN GOLD DISTRICTS

-- SAFE MINING JURISDICTIONSSAFE MINING JURISDICTIONS

www.premiergoldmines.com PG:TSX2

DISCLAIMER:This presentation may contain "forward looking information" within the meaning of Canadian securities legislation, which are based on the opinions and estimates of management and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward looking information. Such risks and uncertainties include, but are not limited to, risks associated with the mining industry, the risk of commodity price and foreign exchange rate fluctuations, the ability of Premier to fund the capital and operating expenses necessary to achieve the business objectives of Premier, as well as those risks described in public disclosure documents filed by Premier. Due to the risks, uncertainties and assumptions inherent in forward-looking information, prospective investors in securities of Premier should not place undue reliance on these forward-looking information.

This presentation has been completed by Premier. Certain corporate projects referred to herein are subject to agreements with third parties who have not prepared, reviewed nor approved this presentation. The presentation is not intended to reflect the actual plans or exploration and development programs contemplated for such projects.

Historical estimates contained herein have been prepared by previous operators and a qualified person has not done sufficient work to classify the historical estimates as current mineral resources.


WHY PREMIER??

- MULTIPLE HIGH-GRADE PROJECTS: - Cove & Saddle in Nevada, Trans-Canada & Red Lake in Ontario

- SOLIDIFYING MANAGEMENT TEAM TO FACILITATE CORPORATE GROWTH: - Ebe Scherkus joined as Dirctor and Chairman (June 2012)

- Formerly President and COO of Agnico Eagle Mines for 27 years- Strong Mine and Corporate development experience

- Paul Huet joined Premier as Chief Operating Officer- Formerly Mine Manager at Midas Gold Mine (Newmont, Nevada)- Formerly General Manager at Hollister Mine (Great Basin, Nevada)

- SAFE, ACCESSIBLE MINING JURISDICTIONS: - Nevada, Ontario

- STRONG BALANCE SHEET: - Approximately $50 million in cash- To be the largest shareholder of Premier Royalty Corporation

- HISTORY OF CORPORATE GROWTH: - Wolfden Resources, Agnico Eagle, newly formed royalty company


RECENT ANNOUNCEMENTS

PREMIER EXECUTION

- PREMIER ROYALTY CORPORATION: Letter of intent signed for RTO transaction with Bridgeport Ventures Inc.

- Premier will be largest shareholder of this new mid-tier, cash flowing, royalty company!

- Abraham Drost as President & CEO

- COVE GOLD PROJECT - Nevada: Initial assays from ongoing drill program

- AX-8: 23.48 g/t Au across 19.81 m – or 0.69 oz/t across 65.0 feet & 17.35 g/t Au across 4.57 m (0.51 oz/t across 15.0 feet)

- AX-9: 14.42 g/t Au across 12.19 m (0.42 oz/t across 40.0 feet)- AX-3: 16.29 g/t Au across 10.70 m (0.48 oz/t across 35.0 feet)- AX-4: 12.38 g/t Au across 6.10 m (0.36 oz/t across 20.0 feet)

- RAHILL-BONANZA PROJECT – Red Lake, Ontario: - Haulage Drift construction underway on JV Project

- Underground exploration (drilling) program is underway - Surface drill program underway, testing the high-grade Wilmar Mine target


PREMIER MANAGEMENT TEAM

Ewan Downie – President, CEO, DirectorFounder and CEO of Wolfden Resources Inc. (predecessor to Premier) - acquired in 2007 by Zinifex for $361 Million

(+1500% from IPO). Award winning exploration history that includes multiple discoveries.

Ebe Scherkus – Chairman, DirectorExtensive mineral exploration and mine development experience – formerly President and Chief Operating Officer of

Agnico-Eagle Mines Ltd..

Paul Huet – Chief Operating OfficerOver 24 years of mining experience in both Canada and the United States. Formerly the General Manager for Nevada

Operations at Great Basin Gold, and Mine Manager and Supervisor at Newmont’s Midas Mining Operations.

Stephen McGibbon – Exec VP Corporate & Project DevelopmentChief Geologist and Exploration Manager at Goldcorp’s flagship Red Lake Gold Mine - led the team that discovered

the "High Grade Zone”.

Brian Morris – VP Exploration23 years of exploration/development experience: held senior geologist positions at Great Basin Gold (Hollister Gold

Mine), Newmont’s Nevada District Exploration (including the Midas Mine), and Barrick’s (high-grade Meikle Mine).

Track record of successTrack record of successFOCUSED ON CORPORATE GROWTHFOCUSED ON CORPORATE GROWTH


A Growing Resource Inventory

• 100% of ounces attributed to Premier• See Notes 1,2,3,4,5,6 regarding mineral resource estimates

Min

eral

Res

ourc

e Es

timat

eC

ombi

ned

gold

oun

ces

for a

ll C

ompa

ny P

roje

cts

PREMIER GROWTH

Deposit Category Contained Ounces Au

Trans-Canada Hardrock (1) Measured 899,800 Indicated 1,452,400

Inferred 1,112,300 Kailey (2) Measured 86,000

Indicated 53,600 Inferred 10,400

Brookbank* (3) Indicated 376,200 Inferred 236,300

Red Lake Bonanza* (4) Inferred 250,880 East Bay* (5) Inferred 34,020

Cove Helen (6) Inferred 231,000

* Includes: Brookbank, Cherbourg, and Foxear deposits

* 100% of ounces attributed to Premier


PREMIER GROWTH

Source:Source:TopGun Officers & Directors Report – Q2 2012

www.premiergoldmines.com PG:TSX

- Premier holds strategic land packages located in the heart of several of North America’s prolific gold districts.

- Red Lake - Two active joint venture projectswith Goldcorp in the heart of the high-grade capital for gold.

- Trans-Canada Project - One of Canada’s‘premier’ near-development projects.

- Premier Gold USA – Advanced-stage gold projects in the heartof two of the world’s majorgold districts, the Carlin &Battle Mountain Trends.

THE PREMIER DIFFERENCE

8

FOCUSED ON PROVEN FOCUSED ON PROVEN GOLD DISTRICTSGOLD DISTRICTS

Red Lake Red Lake TransTrans--CanadaCanada

RAINRAIN--SADDLE SADDLE

PROVEN GOLD CAMPSPROVEN GOLD CAMPSLOW POLITICAL RISKLOW POLITICAL RISK

OUTSTANDINGOUTSTANDINGINFRASTRUCTUREINFRASTRUCTURE

COVE PROJECTCOVE PROJECT

COVE

PREMIER GOLD MINES USA

9

S CARLINS CARLINCOVE COVE

CARLIN TREND

B-M EUREKA TREND

COVE GOLD PROJECT- BATTLE MOUNTAIN/EUREKA TREND -

High-Grade gold project – wide open for expansion

SOUTH CARLIN PROJECTS (Saddle-Rain)- IN THE HEART OF THE CARLIN TREND -

+110 M OUNCES OF PRODUCTION, RESERVES, RESOURCES & MINERAL INVENTORY

Additional opportunities being assessedU.S. IS CORNERSTONE FOR

THE NEXT PHASE OF CORPORATE GROWTH

PREMIER GOLD MINES USA


EMIGRANT

GOLD QUARRY

LEEVILLE

MIDAS

CORTEZ

PIPELINE

MULE CANYON

TWIN CREEKS

BALD MTN

LONE TREE


RECENT DRILL INTERCEPTS – Confirming major upside potential of the Helen Zone deposit

Hole-ID UTMCo-ord (m)

Dip/Az (degrees)

From (m) To (m) Interval (m)

Grade (g/t)

From (ft) To (ft) Interval (ft) Grade (oz/ton)

Zone

AX‐8 2036658N/347755E ‐58/358 576.07 583.69 7.62 12.74 1890.0 1915.0 25.0 0.37 lower

including 579.12 583.69 4.57 17.35 1900.0 1915.0 15.0 0.51 lower

601.98 621.79 19.81 23.48 1975.0 2040.0 65.0 0.69 lower

AX‐9 2036678N/347745E ‐62/015 397.76 405.38 7.62 2.95 1305.0 1330.0 25.0 0.09 upper

537.97 550.16 12.19 14.42 1765.0 1805.0 40.0 0.42 lower

including 539.50 548.64 9.14 17.65 1770.0 1800.0 30.0 0.52 lower

585.22 678.18 92.96 1.78 1920.0 2225.0 305.0 0.05 deep

including 633.98 678.18 44.20 2.27 2080.0 2225.0 145.0 0.07 deep

AX‐10C 2037472N/346878E ‐68/094 479.00 481.30 2.30 6.20 1571.5 1579.1 7.5 0.18 upper

553.82 555.19 1.37 9.51 1817.0 1821.5 4.5 0.29 lower

607.16 610.52 3.35 15.66 1992.0 2003.0 11.0 0.46 lower

629.41 634.75 5.33 6.73 2065.0 2082.5 17.5 0.20 lower

647.55 649.53 1.98 8.80 2124.5 2131.0 6.5 0.26 lower

684.58 686.87 2.29 7.14 2246.0 2253.5 7.5 0.21 lower

693.73 695.40 1.68 14.18 2276.0 2281.5 5.5 0.41 lower

AX‐11C 2037482N/346888E ‐77/082 ��

AX‐12C 2036673N/347752E ‐67/045 ��

ADDITIONAL ASSAYS PENDINGOngoing Drill Program

COVE PROJECT, NEVADA


HELEN ZONE GOLD DEPOSITLong Section View Looking North

Historic Drill Results from historic drill data

- New Intercepts (Assays Pending)

TRdv

TRf

TRah

TRas

TRapc

0.43 oz/t - 40 ft

0.59 oz/t - 10 ft

0.47 oz/t - 15 ft

0.78 oz/t - 10 ft

0.44 oz/t - 15 ft0.43 oz/t - 10 ft 0. 29 oz/t - 15 ft

0.83 oz/t - 35 ft

0.70 oz/t - 5 ft

0.50 oz/t - 10 ft

TRas - Smelser Pass MemberTRapc - Panther Canyon MemberTRah – Home Station MemberTRf – Favret FormationTRdv – Dixie Valley Formation

1000 ft

11

AX-40.36 oz/t - 20 ft

AX-90.42 oz/t - 40 ft

DRILLING UNDERWAY

- New drill intercept

- New mineralized intercept(Assays Pending)

AX-80.69 oz/t - 65 ft

AXAX--1212AXAX--1111

Note: Drill Results below pit provided from historic drill data

OPEN

Cove Pit~2.6 M oz Au+100 M oz Ag

Historic Production


COVE PROJECT, NEVADA

12

EXPLORATION TARGETS

HELEN ZONE

N-S

Faul

t

N-S

Fau

lt

N-S

Fau

lt CovePit

Gold D

ome F

ault

OPEN

OPEN

Windy PointTarget

Cove Anticline

McCoyPit


CARLIN TREND, NEVADASouth Carlin Project

13

RAIN EXTENSIONTARGETS

(Blue Sage)

Carlin Trend

Carlin Trend

- IN THE HEART OF THE CARLIN TREND -+110 M OUNCES OF PRODUCTION, RESERVES,

RESOURCES & MINERAL INVENTORY

SADDLE-TESS DEPOSIT

RAIN MINE

EMIGRANT EXTENSION

14

THE PREMIER DIFFERENCE

RED LAKE PROJECTSPREMIER OPPORTUNITY!!

View from View from RahillRahill--BonanzaBonanzaJoint Venture boundaryJoint Venture boundary

Tram Development on JV forTram Development on JV forBalance of 2012Balance of 2012

Adjacent to the WorldAdjacent to the World’’ssRichest Gold MineRichest Gold Mine


15

Longitudinal Section Looking North

7.3 km

2.4 km

RLGMWILMAR

GEA

-650m

Surface

-1300m

High-GradeZone 1995

Bruce Channel2005 Boundary

Zone 2006

+27 Million Ounces of Gold

COCHENOURWGZ

WilmarTarget

MarcusTarget

BONANZA

-- All tram development for the remainder of the year will be on JAll tram development for the remainder of the year will be on JV groundV ground-- New prospective New prospective QtzQtz--CarbCarb structures have been intersected in tramstructures have been intersected in tram-- Deep exploration drilling is planned to commence in H2 2012Deep exploration drilling is planned to commence in H2 2012-- Pilot hole ahead of haulage drift is currently being drilledPilot hole ahead of haulage drift is currently being drilled

DC Zone2000

RAHILL-BONANZA JV

Craibbie‐FletcherTarget

PG-G Joint Venture

-- QtzQtz--CarbCarb VeiningVeining

Haulage Tram

Wilmar Mine68.9g/t - 3.5m14.2g/t – 5.0 m

PG70 Zone124.3g/t - 1.5m9.5 g/t – 6.0 m

Current Location


16

RAHILL-BONANZA JV

•N/S Vein Modelled

from Pilot Hole•Reverse Dipping Vein•Mineralized Chert

Unit

May 18 face 1143’West of Boundary

Pilot Holes (Cyan)

Existing Drill

Cutouts for

Future Drilling

Location of

Future Drill

Cutouts

BONA

NZA

WILMARBRUC

E CH

ANNE

L

Unconformity

Note: Conceptual model of future drill program

Underground drill program underwayTesting on-strike of Red Lake Gold Mines

Conceptual – subject to change


UNTESTEDUNTESTED

High-Grade Zone

DC Zone


TRANS-CANADA PROJECT

Project has evolved from exploration (2008Project has evolved from exploration (2008--11) towards targeted development (201211) towards targeted development (2012--14)14)

Key HighlightsKey Highlights: 1) : 1) 2012 Mineral Resource Estimation Progress Update2012 Mineral Resource Estimation Progress Update2) Permitting for Advanced Exploration underway2) Permitting for Advanced Exploration underway3) Multiple Deposits 3) Multiple Deposits –– Multiple development scenariosMultiple development scenarios

Leitch/Sand River

Nortoba Geraldton

Beardmore

Lake

Nip

igon

Long Lake

JellicoeKey Lake DepositBrookbank Deposit

Northern Empire Mill

Longlac

100% 100% -- Owned Owned District Scale Project PotentialDistrict Scale Project Potential

Hardrock Deposit

11

4 deposits 4 deposits –– multimulti--million ounce gold resourcemillion ounce gold resource

Kailey Deposit


Hardrock 3D Mine Model in Long Section View looking North

HARDROCK DEPOSIT

500 m

EP-ZONEEPEP--ZONEZONE TENACITY ZONETENACITY ZONETENACITY ZONENN ZONENN ZONENN ZONE

SP Zone

Surface

2000 ft Level

HGN ZONE

HGN ZONE

Open Pit ZonesOpen Pit Zones

F ZONE DELINEATION7.92 g/t Au – 114.5 m

Incl. 23.56 g/t Au – 31.0 m

Western-most holeMM170

18.49g/t – 20.5m

K-Zone

OPENOPEN

Deposits remain open down-plunge

F-ZoneNorth Zone

Tenacity

Fortune Zone

Fortune Zone251.0 g/t Au – 1.0 m121.0 g/t Au – 1.5 mDiscovered in 2009

HighHigh--Grade ZonesGrade Zonesbeing targetedbeing targeted

Grade Est(Au g/t)Grade Est(Au g/t)ClassificationClassification UndergroundUnderground Open PitOpen Pit TonnesTonnes* * Contained Au OzsContained Au Ozs**Measured 5.99Measured 5.99 2.45 9,177,000 985,8002.45 9,177,000 985,800IndicatedIndicated 5.835.83 2.28 11,590,000 1,506,0002.28 11,590,000 1,506,000InferredInferred 5.405.40 2.48 6,802,000 1,122,7002.48 6,802,000 1,122,700

*Open Pit + Underground*Open Pit + Underground

2011 NI432011 NI43--101 Compliant Mineral Resources101 Compliant Mineral Resources


-- FullFull--service communities of service communities of GeraldtonGeraldton and Beardmore.and Beardmore.-- Access to natural gas, power, & the TransAccess to natural gas, power, & the Trans--Canada Hwy.Canada Hwy.-- Multiple deposits offer multiple development options.Multiple deposits offer multiple development options.

INFRASTRUCTUREINFRASTRUCTURE

TRANS-CANADA PROJECT

HardrockHardrock DepositDeposit

Northern Empire MillNorthern Empire Mill


- Premier Gold - Canada Division:

Trans-Canada Project- Updated resource estimate expected in near future - Mining scenarios being evaluated – future Advanced Exploration- Exploration drill campaign underway (steady results driven news flow)

20

Red Lake JV Projects- Red Lake Mine tram development on JV for the balance of 2012- Initial exploration drilling from tram to commence in mid-late 2012 - Active exploration programs at both JV project sites (steady news flow)

- Premier Gold - US Division:- Cove acquisition provides potential pathway for near-term mine

development – huge exploration upside- Ongoing drill program continues to expand mineralized horizon- Growth through acquisition – strategic focus high-grade gold deposits

PREMIER CATALYSTS

- Premier Royalty Corporation:- Planned spin-out to occur in Q3-2012 – vending royalties into Bridgeport- Immediately competitive in the royalty space with strong cash-flow

Premier Gold Mines LimitedPremier Gold Mines LimitedKEY CONTACTS:KEY CONTACTS:Ewan DownieEwan Downie (807) 346(807) 346--13901390President & CEOPresident & CEO

Paul HuetPaul Huet (807) 346(807) 346--13901390Chief Operating OfficerChief Operating Officer

Stephen McGibbon Stephen McGibbon (613) 376(613) 376--67826782Executive Vice PresidentExecutive Vice PresidentCorporate & Project DevelopmentCorporate & Project Development

Matthew Gollat Matthew Gollat (807) 766(807) 766--33813381Investor RelationsInvestor Relations

A World of OpportunityA World of Opportunity-- Premier Performance Premier Performance –– Premier Growth Premier Growth –– Premier Opportunity Premier Opportunity --

Symbol: PGSymbol: PG Exchange: TSXExchange: TSX

premier gold july 2012

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