Premium Exploration Appoints Mike Vint, P.Eng, to its Board of Directors
January 16 2012 - 8:30AM
Marketwired
Premium Exploration Inc. ("Premium" or the "Company") (TSX
VENTURE:PEM)(OTCQX:PMMEF) is pleased to announce that Mr. Mike
Vint, B.Sc. (Mining), P.Eng, has been appointed to the Board of
Directors of the Company.
Mr. Vint is Vice President of Mining for Endeavour Financial
Corp., an advisory service specializing in debt, mergers and
acquisitions, and corporate finance where he is responsible for
mine technical analysis. He has over 18 years of industry
experience primarily in mine operations, however the last six years
he focused on mine valuation, finance, mergers and acquisitions,
and RTOs.
He has operational and engineering experience with both open pit
and underground having worked at open pits in Nevada and California
and underground at Hemlo and Eskay Creek. He has completed several
scoping and pre-feasibility studies, formulated economic models for
evaluating potential open pits and underground mines and completed
open pit designs for a variety of metals. Mr. Vint believes in a
collaborative team approach and that production gains always start
from the ground up, apparent from all the places he has worked.
He has worked with independent engineers and companies to
provide comprehensive reports for financial institutions for mine
credit approvals and also worked in the equity research department
of CIBC World Markets covering the gold sector. Mr. Vint currently
holds a directorship with Edgewater Exploration. He is a registered
Professional Engineer in the Province of British Columba and he
received his mining engineering degree from Colorado School of
Mines.
"I am excited about the Idaho Gold Project's growth potential
and look forward to applying my expertise as the project advances
through scoping and onward to production," stated Mike Vint.
"We are very pleased to have Mike join the Premium Board. Mike's
extensive experience in early stage mine evaluation through
development and finance will be of great value for Premium's future
growth and our shareholders," stated Del Steiner, President and CEO
of Premium.
The Company has granted Mr. Vint 150,000 stock options at an
exercise price of $0.20 cents per share which are valid for a
period of three years from the date of grant. The option grant is
subject to approval by the TSX Venture Exchange.
About Premium Exploration Inc.
Premium Exploration Inc. (TSX VENTURE:PEM)(OTCQX:PMMEF) is
focused on gold exploration at its district-sized Idaho Gold
Project along the Orogrande Shear Zone in North-Central Idaho, USA.
The "OSZ" is a +30 km regionally-significant trending structure
with multiple known zones of gold mineralization, similar to many
large gold belts, such as the Carlin Trend in Nevada. For
additional information, please visit us at
www.premiumexploration.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.
Contacts: Premium Exploration Inc. Mr. Del Steiner President
& Chief Executive Officer (604) 682-0243 (604) 682-2499
(FAX)dsteiner@premiumexploration.com, info@premiumexploration.com
www.premiumexploration.com Opes Capital Inc. Ms. Christine Kopr
Corporate Communications (604) 682-0243 (604) 682-2499
(FAX)ckopr@opescapitalinc.com www.opescapitalinc.com
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