Premium Exploration Announces the Resignation of Robert Komarechka and Guojian Xu from its Board of Directors - San Diego, California News Station - KFMB Channel 8 - cbs8.com

Premium Exploration Announces the Resignation of Robert Komarechka and Guojian Xu from its Board of Directors

Posted: Updated:


Vancouver, BC / TNW-ACCESSWIRE / April 17, 2014 / Premium Exploration Inc. (TSX-V: PEM; OTC Pink Current: PMMEF)
(“Premium” or the “Company“) announces the resignation of Mr. Robert Komarechka and Dr. Guojian Xu from its Board of Directors.

Mr. Komarechka is resigning as a director of Premium Exploration as a result of his recent acceptance of his position as President and CEO of Alibaba Graphite Corp. Dr. Xu is resigning due to time constraints.

John Ryan, Chairman of the Board, commented, “On behalf of the Board of Directors, I would like to thank Bob and Guojian for their significant contributions to Premium over the past several years, and wish them the best of success in their future endeavours.”


About Premium Exploration Inc.

The Company’s purpose is to efficiently and economically advance their district sized Idaho Gold Project. The Idaho Gold project contains three known deposits. The Friday deposit has an NI 43-101 compliant resource of:

-Indicated: 647,000 Au (20.1 MT @ 1.0 g/t Au with 0.45 g/t cut-off)

-Inferred: 590,000 Au (20.9 MT @ 0.88 g/t Au with 0.45 g/t cut-off)

The Deadwood deposit and the Buffalo Gulch oxide deposit both have small historical gold resources and both are expandable. Premium Exploration has commenced a preliminary economic study envisioning underground mining of a high grade portion of the Friday deposit.


For more information, please contact:

Mr. John Ryan | President & CEO

P: (604) 682-0243

Fax: (604) 682-2499

E: jryan@premiumexploration.com

Peter J. Kletas | Investor Relations

866-999-6251-Toll Free

604-874-7915-Direct

ir@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 under the Company’s profile on www.sedar.com in accordance with the policies and requirements of the TSX Venture Exchange and applicable securities law. 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. There are no assurances that the Company can fulfill such Forward-Looking Statements and the Company undertakes no obligation to update 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.

 

SOURCE: Premium Exploration Inc.

ReleaseID: 414542

  • Local NewsMore>>

  • Putting skateboards on the streets, not guns

    Putting skateboards on the streets, not guns

    Thursday, August 28 2014 11:05 PM EDT2014-08-29 03:05:11 GMT
    Local law enforcement agencies will be banding together this weekend in an effort to take guns off the streets. 
    Local law enforcement agencies will be banding together this weekend in an effort to take guns off the streets. 
  • Judge orders trial for motorist accused in hit-and-run death

    Judge orders trial for motorist accused in hit-and-run death

    Thursday, August 28 2014 11:04 PM EDT2014-08-29 03:04:34 GMT
    A motorist who allegedly took off after hitting a female transient in the middle of Interstate 5 near downtown San Diego must stand trial on a charge of hit-and-run causing death, a judge ruled Thursday 
    A motorist who allegedly took off after hitting a female transient in the middle of Interstate 5 near downtown San Diego must stand trial on a charge of hit-and-run causing death, a judge ruled Thursday 
  • SDSU men's basketball takes Ice Bucket Challenge

    SDSU men's basketball takes Ice Bucket Challenge

    Thursday, August 28 2014 11:04 PM EDT2014-08-29 03:04:06 GMT
    The San Diego State University men's basketball team completed the ALS Ice Bucket Challenge Thursday. 
    The San Diego State University men's basketball team completed the ALS Ice Bucket Challenge Thursday. 
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and Midwest Television, Inc. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.