Premium Exploration Announces James Baughman as New Chief Geologist

Premium Exploration Announces James Baughman as New Chief Geologist

January 3, 2014, Vancouver, British Columbia - Premium Exploration Inc. (TSX-V: PEM; OTC Pink Current: PMMEF) ("Premium" or the "Company") is pleased to announce the appointment of Mr. James Baughman as Chief Geologist of the Company. Mr. Baughman has over thirty years of experience in the resource exploration and development industry, having worked for several major industry participants including Kennecott Greens Creek and MK Gold Company. Mr. Baughman is a graduate of the University of Wyoming (1983) with a degree in geology.

Mr. Baughman's vast experience includes over ten years in Alaska where he began working for Anaconda Minerals Company in the Alaska Range, 40 miles north of the Terra project. Additionally, Mr. Baughamn has worked on a number of other Alaskan projects including Illinois Creek, Cleary Summit, and Greens Creek. He has also worked extensively in Mexico, Central, and South America as well as Kyrgyzstan & Mongolia. More recently, Mr. Baughman was the CEO of a successful uranium startup, High Plains Uranium.

For more information, please contact:

Mr. John Ryan, President & Chief Executive Officer

Premium Exploration Inc.

P: (208) 769-3519

E: [email protected]

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.