Cove Gold Project 2201 Discovery Update, May 2014

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1 Proven Management Proven Gold Districts Safe Jurisdictions Cove Gold Project 2201 Discovery Update, May 2014 Symbol: Exchange: PG TSX

2 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. The Hardrock PEA is preliminary in nature and it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applies to them that would enable them to be categories as mineral reserves, and there is no certainty that the Hardock PEA will be realized. Economic studies will need to be completed prior to accurate guidance being provided For further information on the technical data provided in this presentation, refer to the Sedar filings as listed below: Note Project/Property Company Date (1) Trans-Canada PEA Premier Gold Mines Limited January 28, 2014 (2) Hardrock (Trans-Canada) Premier Gold Mines Limited December 13, 2013 (3) Trans-Canada Premier Gold Mines Limited February 1, 2013 (4) Bonanza Premier Gold Mines Limited September 17, 2009 (5) Helen (Cove) Premier Gold Mines Limited January 2, 2014 (6) Trans-Canada Premier Gold Mines Limited February 1, 2013 (7) Hardrock Premier Gold Mines Limited May 17, 2011 (8) Hardrock Premier Gold Mines Limited March 4, 2010 (9) Kailey Premier Gold Mines Limited May 17, 2011 (10) Brookbank Goldstone Resources Inc. May 15, 2009 (11) East Bay Wolfden Resources Inc. June 5, 2006 (12) Helen (Cove) Victoria Gold Corp May 5,

3 THE PREMIER DIFFERENCE NORTH AMERICAN FOCUS Pro-mining jurisdictions (Ontario/Nevada) offer reduced political and execution risk. EXPERIENCED MANAGEMENT TEAM Strong history in exploration, mining & corporate development. THREE CORE PROJECTS Trans-Canada (Hardrock), Cove (Nevada) and Rahill-Bonanza (Red Lake) SIGNIFICANT GOLD RESOURCES Growing mineral resource base with multiple projects advancing towards development INFRASTRUCTURE All projects are located in the heart of some of North America s premier gold mining camps. STRONG BALANCE SHEET Approximately $60 M in cash and investments. 3

4 COVE GOLD PROJECT OWNERSHIP: 100% Premier-held* (* subject to Newmont back-in 51%) LOCATION: Battle Mountain, Nevada STATUS: Surface Exploration South Carlin Project MINERAL RESOURCES: Deposit Cut-off Category Resource Category Helen * See note 2 Underground Tonnes (Mt) Gold (Au) Grade (g/t) Au Ounces (Mozs) Indicated Inferred RECENT DEVELOPMENTS: - High grade deposit in the heart of the prolific Battle Mountain - Eureka Trend - Multiple new discoveries made in Q follow-up drilling underway N 50km 4

5 COVE GOLD PROJECT Located immediately south of the multimillion ounce (+ copper) Phoenix Mine operated by Newmont Large underexplored land package 6,972 hectare property (17,252 acres) Past-production at Cove pit of +2.6 M ounces gold and +100M ounces silver Helen Zone discovery in 2006 remains open for expansion Phoenix Mine (NEM) 1.5 B +200,00 oz Au/yr N Cove Mine is the fourth largest silver producer in the history of Nevada * MAJOR DISCOVERY POTENTIAL New discoveries in 2013: poly-metallic sulphide zone - CND Zone to north * - Geology of the Cove Mine, Johnson et al, km McCoy Cove Mine (PG) McCoy Mine (NEM) 5

6 COVE GOLD PROJECT 3D Longitudinal View Looking Northwest Cove Pit ~2.6 M oz Au +100 M oz Ag Historic Production COVE SOUTH DEEP AX-51: 5.01 g/t Au Incl g/t Au PG-02: g/t Au CND/BAY FAULT TARGET PG-01: 1) g/t Au, g/t Ag 2) 3.74 g/t Au, g/t Ag 1.76% Pb/Zn PG14-01 HELEN ZONE DEPOSIT * Indicated: 143, g/t Au Inferred: 278, g/t Au 2201 ZONE DISCOVERY PG-02: 1) 4.76 g/t Au, g/t Ag, 12.67% Pb/Zn 2) g/t Au, g/t Ag AX-51: 1) g/t Au, g/t Ag, 1.16% Pb/Zn 2) g/t Au, g/t Ag, 0.35% Pb/Zn 3) g/t Au, g/t Ag, 0.27% Pb/Zn ~ 1 km CND / 2201 Zones PG-05: Assays Pending *See note 11 MULTIPLE NEW DISCOVERIES IN FINAL HOLES DRILLED IN 2013 Three Targets, Three Discoveries 6

7 COVE SOUTH DEEPS COVE GOLD PROJECT PG-02 CSD Zone -Step-out drilling expands unmined Lower Zone - Located immediately below existing underground mine workings PG14-05: CSD Zone (Assays Pending) 3D Longitudinal View Looking Northwest (down anticline) PG14-04: Panther Canyon mineralization (New) COVE SOUTH DEEP AX-51: 5.01 g/t Au Incl g/t Au PG14-04: CSD Zone (Assays Pending) PG-02: g/t Au 7

8 2201 ZONES March 28, 2014 Currently drilling PG Drill hole complete Precollar ready 2013 Drill hole DDH DDH 2013 Drill Results 2201 Zone (MS): AX-51 1) 3.0m g/t Au, g/t Ag, 12.67% Pb/Zn 8

9 2201 ZONE 3D Longitudinal View Looking Northeast HELEN ZONE DEPOSIT * Indicated: 143, g/t Au Inferred: 278, g/t Au PG14-02/-03 Assays Pending PG-02: 1) 4.76 g/t Au, g/t Ag, 12.67% Pb/Zn 2) g/t Au, g/t Ag AX-51: 1) g/t Au, g/t Ag, 1.16% Pb/Zn 2) g/t Au, g/t Ag, 0.35% Pb/Zn 3) g/t Au, g/t Ag, 0.27% Pb/Zn Step-out drilling underway 9

10 2201 ZONE MASSIVE SULPHIDE HORIZON PG-02: 4.75 g/t Au, g/t Ag, 8.24% Zn & 4.43% Pb Across 3.0 m ( m) 2201 MS Zone intercept from step-out drilling PG14-08 (Assays Pending) 10

11 2201 ZONE BEDDING REPLACEMENT 2201 ZONE DISCOVERY BEDDING REPLACEMENT SULPHIDES (PG14-03) - Moderate to strong silicification and chloritization - Mineral assemblage consists of Py, Po, Sph, Gal, Cpy and local VG g/t Au (1.17 oz/t), g/t Ag (5.93 oz/t), 1.73% Zn and 0.21% Pb VG 11

12 2201 ZONE PG14-05 OPEN IN ALL DIRECTIONS PG g/t Au, g/t Ag Across 4.9 m PG g/t Au, g/t Ag Across 1.5 m AX g/t Au, g/t Ag Across 9.1 m PG g/t Au, g/t Ag Across 6.1 m AX g/t Au, g/t Ag Across 10.3 m PG g/t Au, g/t Ag Across 4.3 m PG g/t Au, 6.50 g/t Ag Across 3.0 m 300m 300m 100 m Looking Northeast 12

13 COMPOSITE SECTION Looking Northwest Plane of view ~300 m 13

14 SUMMARY Positive economic studies for Hardrock and Brookbank deposits could pave the way for mine development, transition from explorer to producer Company is well-funded to meet short, medium and several long-term goals Three active premier gold properties located in favourable mining jurisdictions Exciting new discoveries at Cove offer potentially major upside Hardrock feasibility expected to be completed in H Management continues to evaluate potentially strategic growth opportunities NEWS FLOW Hardrock Mineral Resource update in Q Infill and exploration results from ongoing drill program at Hardrock Expansion drilling at recently discovered 2201 and CND Zones, and CSD Lower unit at Cove Underground drilling at Rahill-Bonanza and surface drilling at East Bay (Red Lake JV Projects) 14

15 KEY CONTACTS: Ewan Downie (807) President & CEO Ebe Scherkus (416) Chairman Stephen McGibbon (613) Executive Vice President Corporate & Project Development Matthew Gollat (807) Corporate Development Investor Relations A World of Opportunity - Premier Performance Premier Growth Premier Opportunity - Symbol: PG Exchange: TSX * - Cove Underground image (Source: Echo Bay Annual Report 2000)