PEM

June 14, 2013, Vancouver, British Columbia - Premium Exploration Inc. (TSXV: PEM; OTCQX: PMMEF) ("Premium" or the "Company") announces the termination of the Option Agreement (the "Option Agreement") dated March 27, 2013, between the Company and Logan Resources Ltd. ("Logan"), pursuant to which Logan was granted the option to acquire up to a 75% interest in Premium's Idaho Gold Property. The Option Agreement was terminated on June 13, 2013 by mutual agreement between Premium and Logan.

About Premium Exploration Inc.

Premium is focused on gold exploration at its district-sized land package along the Orogrande Shear Zone (the "OSZ") in North-Central Idaho, USA. The OSZ is a 30+ km regionally significant trending structure with multiple know zones of gold mineralization and, similar to many large gold belts, like the Carlin Trend in Nevada. Armed with a proven exploration strategy, 30 km of drill-ready targets, Premium is well positioned to create shareholder value through the exploration and development of this emerging gold district. For additional information, please visit us at www.premiumexploration.com.

For more information, please contact:

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 |Mr. Del Steiner President & Chief | |Ms. Christine Kopr Corporate|
 |Executive Officer Premium         | |Communications Opes Capital |
 |Exploration Inc. P: (604) 682-0243| |Inc. P: (604) 682-0243 F:   |
 |F: (604) 682-2499 E:              | |(604) 682-2499 E:           |
 |dsteiner@premiumexploration.com   | |ckopr@opescapitalinc.com    |
 |                                  | |www.opescapitalinc.com      |
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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.

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