Objective Capital Global Mining Investment Conference - North America: Stephen McGibbon

London Global Mining Investment Conference

Stationers Hall, London

Wednesday 30th September 2009

www.ObjectiveCapitalConferences.com

14.25 North America

Stephen McGibbon

VP & COO

Premier Gold Mines

http://www.objectivecapitalconferences.com/

www.premiergoldmines.com PG:TSX

Premier Gold Mines Limited


A World of Opportunity- Proven Management – Proven Districts – Safe Jurisdictions -

September 2009 PresentationSymbol: PG Exchange: TSX

www.premiergoldmines.comwww.premiergoldmines.com

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This presentation may contain forward-looking statements that may involve a number of risks and uncertainties. This presentation may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company’s expectations or projections.Actual events or results could differ materially from the Company’s expectations or projections.

Historical Resources have been estimated by previous operators and are not NI43-101 compliant. Historical Resources have been estimated by previous operators and are not NI43-101 compliant.


COMPANY QUICK FACTSCOMPANY QUICK FACTS

- SHARE STRUCTURE: Outstanding - 82,613,779

Fully Diluted – Approx. 88,000,000 (Post Financing)Major Shareholder – Inmet Mining (+10%)

- MAJOR EXPLORATION PROGRAMS IN 2009-10: - +100,000 Meters of drilling planned on 4 projects

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- CORE LAND PACKAGES: - Proven Gold Districts- Mining Friendly Jurisdictions

- FULLY FINANCED:- + $20,000,000 in working capital- Current financing at a 40% premium to market

PREMIER MANAGEMENT TEAM

Ewan S. Downie – President, CEO, DirectorFormerly CEO of Wolfden Resources which was acquired in 2007 by Zinifex for $361 Million (+1500% from IPO). In 2004, part of the exploration team for Wolfden that received the Prospector & Developers Association of Canada (PDAC) '2003 Bill Dennis Prospector of the Year Award'. Also Chairman of Mega Precious Metals and Director of Marksmen Capital.

Stephen McGibbon – Executive Vice-President, COO Professional Geologist with over 23 years of exploration, mine production and management experience. Mr. McGibbon held positions of increasing responsibility in Red Lake with Goldcorp Inc. and its predecessor companies Goldquest Exploration Inc. and Dickenson Mines Limited, becoming Chief Geologist in 1995. From 2001 until June of 2006, he served as Exploration Manager at its flagship Red Lake Mine operation and was a senior member of the team at Goldcorp that discovered the "High Grade Zone" at Red Lake.

Tim Twomey – Exploration ManagerA professional geologist with over 25 years of exploration, production and management experience. As former Senior Exploration Geologist with Goldcorp's Regional Exploration Team in the Red Lake Area, Tim brings to Premier a "golden" track record that includes playing a key role in Goldcorp's "High-Grade Zone" discovery.

John F. Cook – Chairman, DirectorBachelor of Engineering (Mining), C. Eng UK, and P. Eng Ontario. More than 40 years experience in operations and management of mining companies. Past positions include Senior Mining and Managing Consultant, RTZ Consultants Ltd. (1974-78), Associate and Principal, Golder Associates (1978-83), Senior Project Manager, General Manager, and Vice President Engineering, Lac Minerals Ltd. (1983-90), VP Operations, Goldcorp Inc. (1990-94), and Navan Resources, Operations Director (1994-96).

Henry Knowles – DirectorFormerly, Chairman of the Ontario Securities Commission. QC Lawyer with extensive experience with regulation and compliance issues associated with public companies. Formerly Chairman of Wolfden Resources Inc. From 1992 to 2008.

www.premiergoldmines.com PG:TSX3

- Management track record of creating shareholder value


Ontario

RED LAKE PROJECTS

HARDROCK PROJECT

PQ NORTHPROJECT- Political Stability – Security of

land ownership – Mining friendly

- 100’s of Millions of ounces of gold have been produced from Ontario greenstone belts (Birth place of

Majors).

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

- Major Gold Mining Camp

THE PREMIER DIFFERENCETHE PREMIER DIFFERENCE

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FOCUSED ON PROVEN GOLD

DISTRICTS


STRATEGIC PROPERTY PORTFOLIO

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HARDROCK PROJECTMulti-million ounce potential

RED LAKE PROJECTSHuge discovery potential

PQ-NORTH PROJECT2 New Gold Discoveries

PREMIER GOLD MINES

- 3 “GOLDEN” - 3 “GOLDEN” OPPORTUNITIES -OPPORTUNITIES -


- PROVEN GOLD DISTRICTS -- PROVEN GOLD DISTRICTS -


THE RED LAKE DIFFERENCETHE RED LAKE DIFFERENCE

RLGM

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CochenourCochenour

WilmarWilmar

MAP FROM EARLIER GOLDCORP PRESENTATIONS(Pre-Placer takeover)

Red Lake Gold MinesWorld’s highest-grade gold mine

+27 Million ounces of gold

WilmarWilmar


THE RED LAKE DIFFERENCETHE RED LAKE DIFFERENCE

- Premier projects strategically located on the main “Mine Trend”

RLGM

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Lennie (100%)Lennie (100%)

CochenourCochenour

WilmarWilmar

F2F2

MAP FROM EARLIER GOLDCORP PRESENTATIONS(Pre-Placer takeover)

BonanzaBonanza

WilmarWilmar

BonanzaBonanzaTakeover$1.2 Billion

Market CapMarket Cap$900 Million$900 Million

Bruce ChannelBruce Channel

Red Lake Gold MinesWorld’s highest-grade gold mine

+27 Million ounces of gold

- Gold Mine

RLGM

RED LAKE GOLD RED LAKE GOLD PROJECTS:PROJECTS: Similar Geological setting as the Red Lake Gold Mine: - Folded ultramafic rock unit(s) within Balmer Assemblage - ‘D2’ Shear structures – conjugate faulting - Little modern exploration in this part of the camp

RED LAKE GOLD RED LAKE GOLD PROJECTS:PROJECTS: Similar Geological setting as the Red Lake Gold Mine: - Folded ultramafic rock unit(s) within Balmer Assemblage - ‘D2’ Shear structures – conjugate faulting - Little modern exploration in this part of the camp

PK

BK

N

Unconformity

Lennie100%

Rubicon F2Rubicon F2

Rahill-Bonanza JV

East Bay JV

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RAHILL-BONANZA JVRAHILL-BONANZA JV

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WIDE OPEN FOR EXPANSION- Potential for large bulk-tonnage deposit - + 500,000 oz historic resource

- Potential to be the part of the early mine planning in the area

WGD

13L

20L

PG09068A12.5g/t Au – 4.5m

PG07005 – WGD4.12g/t Au – 4.1m2.93g/t Au – 4.3m

10 & 23g/t Au intersectionsUp-dip from the Bruce

Channel Deposit?

100mLongitudinal Section

PG09070NEXT

Hig

h-G

rad

e Z

on

e?

Wilmar Gold Mine203,256 t mined @ 10.3g/t Au (Open)

PG07015W49.1g/t Au – 6.0m

Incl. 49.0g/t Au – 1.0 m

PG07018W65.2g/t Au – 2.8m

PG07018W114.2g/t Au – 5.0 m

Incl. 59.09g/t Au – 1.0m

East Breccia ZoneMined grade 14g/t Au



GRADE COMPARISON – WGZ vs Bruce Channel GRADE COMPARISON – WGZ vs Bruce Channel DepositDeposit (Taken from final two Gold Eagle Releases)(Taken from final two Gold Eagle Releases)

WGZ (from one hole drilled)WGZ (from one hole drilled) * *Bruce Channel (from 8 holes Bruce Channel (from 8 holes drilled)drilled) 12.5 g/t Au over 4.5 m 12.5 g/t Au over 4.5 m 13.13 g/t Au over 4.5 13.13 g/t Au over 4.5 m m

17.07 g/t Au over 2.4 m17.07 g/t Au over 2.4 m

((HIGH GRADE PORTION)HIGH GRADE PORTION)

21.1 g/t Au (0.62 oz/t) over 0.5 m 47.7 g/t Au (1.39 oz/t) over 0.8 21.1 g/t Au (0.62 oz/t) over 0.5 m 47.7 g/t Au (1.39 oz/t) over 0.8 mm107.2 g/t Au (3.13 oz/t) over 0.5 m 225.0 g/t Au (6.56 oz/t) over 0.3 107.2 g/t Au (3.13 oz/t) over 0.5 m 225.0 g/t Au (6.56 oz/t) over 0.3 mm

(DEPTH OF INTERCEPTS)(DEPTH OF INTERCEPTS)

900 meters 900 meters 1,375 - +2,200 1,375 - +2,200 metersmeters

((* Gold Eagle - July 16 & Aug. 12, 2008* Gold Eagle - July 16 & Aug. 12, 2008))


Approximately 5km of the “MINE TREND” on Rahill-Bonanza

Rahill – Bonanza JVGoldcorp 51%Premier 49%

20.79M tons11.75M oz0.565 opt

CampbellComplex

10.68M tons7.40M oz0.693 opt

Red LakeComplex

Formerly

WDZ

Surface Drilling Limit

High Speed Tram

Wilmar Marcus CraibieFletcher

BonanzaDeposit

WG

Z D

epo

sit

Bruce Channel Discovery

PG09068A12.5g/t Au – 4.5m



EXCEPTIONAL INVESTMENT VALUE VERSUS PEERS:- Least shares outstanding - Best-value market capitalization

0100200300400500

600700800900

1000

Share o/s

Mkt CapMIL

LIO

NS

San Gold Rubicon Lake Shore* Premier


*Post-acquisition of West Timmins*Post-acquisition of West Timmins

HARDROCK PROJECTHARDROCK PROJECT

NN ew Gold Discoveryew Gold Discovery33.33 oz/ton over 6.6 feet33.33 oz/ton over 6.6 feet13


2000 feet

4000 feet

6000 feet

8000 feet

Surface

Hardrock


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PROJECT HIGHLIGHTS:HIGH-GRADE DISTRICT - Historical production: +4 million ounces of gold - average grade +12g/t Au

RELATIVELY SHALLOW - Mining depths of 2000 feet – zones remain open below mine workings

- MULTI-MILLION OUNCE POTENTIAL - HUGE EXPLORATION/EXPANSION POTENTIAL

MINING OPTIONS - Potential for both open pit and underground operations.

- 3 drills operating with the goal of a NI43-101 resource in 2009.

PLAN VIEW of Geologyand DDH collarsHardrock Project


200 m

Oreo Zone

SP Zone SP Zone

N

New North Zone

HWY 11

HWY 11

EASTEAST PITPIT

TENACITY ZONETENACITY ZONE

PORPHYRY HILL PORPHYRY HILL PITPIT

EP-ZONEEP-ZONE

Original Conceptual Pit Design

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Geology map from Horwood and Pye, 1951

Plan View

N


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HIGH GRADE IN EP10533.3 OZ/TON OVER 6.6 FEET

50 m

NEW Pit Concept

Historical – Porphyry Hill Pit Zone

Strike length: 700mDepth: +150m

EP0795.2 g/t Au – 37.0m

EP08019.0g/t Au – 11.3mEP074

NL Zone6.7g/t Au – 14.0m

EP0981.1g/t Au – 40.0m

EP-ZONE – Defining a high-grade open pit deposit



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EP-ZONE – Excellent Expansion Potential

Longitudinal Section Looking North

EP0447.6 g/t Au – 20.5m

EP0795.2 g/t Au – 37.0m

Section 4800ESouth Limb

EP04510.7 g/t Au – 5.1m

EP08019.0 g/t Au – 11.3m

EP0463.7 g/t Au – 15.6m

EP0813.6 g/t – 11.0m

EP0746.7 g/t Au – 14.0m

Strike length: 700mDepth: +150m

50 m

EP0981.1g/t Au – 40.0m

OPEN

EP1051,141.5 g/t Au – 2.0 mFrom 382.1 to 384.1 m

EP105

HARDROCK PROJECTHARDROCK PROJECTEP-ZONE – Following up new high-grade

EP1051,141.5 g/t Au – 2.0 mFrom 382.1 to 384.1 m

N

Plan View

6th LEVEL

At 300 m below surface

50 m

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South Porphyry Zone (SP)291,428 tons @ 0.24 opt recovered (8.23 g/t Au)

for ~70,000 ounces of Gold

500 m

MM066.74 g/t - 7.0 m

MM056.63 g/t - 28.1 m

Incl.17.14 g/t – 6.0m

1990’s ddh7.76 g/t - 21.6 m

MM046.36 g/t - 4.4 m

MM06 - HGV36.22 g/t – 2.2m

Hardrock 3D Model in Long Section View

Underground Resource Delineation

7th Level - HGV112.5 g/t – 1.2m


EP-ZONE


2.146 Million Ounces of historic production

MM10, 11, 13, 16, 18, 19, 22

New Intercepts

West Zone532,254 tons @ 0.23 opt recovered (7.85 g/t Au)

for ~122,000 ounces of Gold


MM146.60 g/t – 32.6 m

NN ZoneNew Intercepts incl.:

8.20g/t Au – 6.2m8.25g/t Au – 7.3m



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- Located within the full-service community of Geraldton.

- Access to natural gas, power, & the Trans-Canada highway.

- Made in Canada!!

INFRASTRUCTURE


PQ-NORTH PROJECTPQ-NORTH PROJECT

PQ NORTH PROJECTPQ NORTH PROJECT(100% Owned)(100% Owned)

Located along the main iron formation that hosts the multi-million Located along the main iron formation that hosts the multi-million ounce Musselwhite Gold Mine (Goldcorp) in NW Ontario – annual ounce Musselwhite Gold Mine (Goldcorp) in NW Ontario – annual

production +200,000 oz.production +200,000 oz.

TWO NEW DISCOVERIES IN INITIAL DRILL PROGRAM!!TWO NEW DISCOVERIES IN INITIAL DRILL PROGRAM!!

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GRADE COMPARISON: T-Antiform (initial deposit) – 5.1 g/t Au (Musselwhite Mine) Esker Deposit – 5.5 g/t Au

PQ Deeps Deposit – 8.7 g/t Au

PREMIER DISCOVERY HOLES: PQ Limb – 10.2 g/t Au Upper I.F. – 10.2 g/t Au



PQ Limb Discovery

PQ09006 – “Upper” IF10.24 g/t Au / 5.1m

PREMIERGOLDCORP

MUSSELWHITEGOLD MINE

Goldcorp Inc.

Mine extension discovery15.5g/t Au / 4.1m

- Major, untested “break”- D2 Shears and Qtz Veining

PREMIER 100%

Strategically located on the main Musselwhite structure

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2 NEW DISCOVERIES MADE IN INITIAL DRILLING

100% Premier Gold

Goldcorp’s Musselwhite Mine and Deposit

Goldcorp’s Winter Drill Program Proximal to Premier’s PQ North Property

Aerial View of the PQ North Property looking south

Approximate 300 m distance

PQ-Limb10.24 g/t Auover 1.8 m

Upper I.F.10.25 g/t Auover 5.1 m

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EXPLORATION TARGET - Extension of Musselwhite Mine horizon - Mineralization along untested PQ Limb

NOTE INCREASE IN OUNCES AS EXPLORATION MOVES NORTH ON THE

PQ LIMB

Thickeningof host IF

Northern extent ofsurface drilling (2008)

- The PQ Limb is completely untested on Premier’s ground

PQ-NORTH

15.5g/t Au – 4.1m

PQ

T-AntiformAvg. grade 5.1g/t Au

EskerAvg. grade 5.5g/t Au

PQ-DeepsAvg. grade 8.7g/t Au

MusselwhiteGold Mine

1 Million ounces per kilometer 2 Million ounces per kilometer

2009 Surface Drilling

Esker NorthJets

MooseThunderwolves

Goldcorp Premier

Upper I.F.10.2g/t Au

5.1m

500mN

PQ NORTH PROJECT - 2 Discoveries in initial drill program!! - Drilling to continue throughout 2009

LONGITUDINAL SECTION

Untested

PQL Zone10.5g/t Au – 3.7m



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Applying Regional Magnetics to EXPLORATION MODEL Applying Regional Magnetics to EXPLORATION MODEL

Boundary

100 m

‘D2’ Shears

PQ0900910.25 g/t over 1.8m

100 m

N PQ North PropertyPQ North PropertyPLAN VIEWPLAN VIEW

PQ090124.31 g/t

over 3.2m

PQ090167.40 g/t

over 2.0m

PQ090226.74 g/t

over 3.0m

PQ0902310.52 g/t over 3.7m



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PQ0902310.52 g/t over 3.7m

100 m

PQ090226.74 g/t

over 3.0mPlunging Corridor

‘D2’ Shears

CROSS SECTIONCROSS SECTIONLooking NWLooking NW

Perpendicular to D2Perpendicular to D2

‘D2’ Shears


MULTIPLE CATALYSTS FOR REALIZING FUTURE GROWTH:

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- Continued Exploration and expansion Success at Hardrock.

- NI43-101 compliant resource for Hardrock by year end.

- Continued success in Red Lake – including resource development proximal to new mine infrastructure.

- CURRENT drill testing of the potential Bruce Channel extension.

- Discovery potential at Lennie Red Lake.

- Expanding recent high grade gold discoveries at PQ North.

- Drill testing the 3 main structural targets at PQ North.

- Strong share structure positions Premier to pursue growth opportunities.




A World of Opportunity- Proven Management – Proven Districts – Safe Jurisdictions -

September 2009 PresentationSymbol: PG Exchange: TSX28

London Global Mining Investment Conference

Stationers Hall, London

Wednesday 30th September 2009

www.ObjectiveCapitalConferences.com

Stephen McGibbon

VP & COO

Premier Gold Mines

Stephen McGibbon is a Professional Geologist with over 23 years of exploration, mine production and management experience. He graduated from Queen’s University at Kingston, in 1983 with a Bachelor of Science degree in Geological Sciences. Upon graduation in 1983, and prior to his tenure as Exploration Manager, Mr McGibbon held positions of increasing responsibility in Red Lake with Goldcorp Inc and its predecessor companies Goldquest Exploration Inc. and Dickenson Mines Limited, leading to Chief Geologist in 1995. Since 2001, and until June of 2006, he has served as Exploration Manager for Goldcorp Inc., at its flagship Red Lake Mine operation. His focus in Archean terranes and experience with shear-hosted, lode gold deposits dovetail very well with Premier’s current assets.

http://www.objectivecapitalconferences.com/

Objective Capital Global Mining Investment Conference - North America: Stephen McGibbon

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