The Energy Report

Premier Gold Mines Ltd. TICKER: PG:TSX Visit Company Website Premier Gold Mines is a North American-focused exploration and development company with multiple gold projects located in the heart of proven mining districts, including Ontario. The company is ramping-up its acquisition efforts in the U.S., starting with a key project in Nevada's Carlin Trend. Its business model is designed to shorten the pathway to exploration success, while reducing shareholders' exposure to risk by focusing on: Proven mining districts, accessible regions, high-grade deposits and safe jurisdictions.

The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Analysis

Steven Butler, Canaccord Genuity (1/27/12) "Premier Gold Mines Ltd. announced that it plans to enter into a joint-venture (JV) agreement with Newmont Mining to consolidate the Saddle and Rain projects of Nevada's Carlin Trend. . .Premier will gain full site access to the JV property, including roads, infrastructure and power; it will also be provided access to Newmont's contractor/supplier relationships and discounts. . .the combination of land packages and access to Newmont's infrastructure makes the JV Rain project Premier Gold's most advanced project with the least development risk."

Annie Zhang, Octagon Capital Corporation (1/27/12) "Premier Gold Mines Ltd. announced a proposed joint venture with Newmont Mining Corp. to consolidate its Saddle and Newmont's Rain projects to form the Rain gold project in Nevada. . .the consolidation will expand Premier's land holdings in the Rain trend, which is largely unexplored with excellent infrastructure. . .gaining access to Newmont's infrastructure also significantly derisks the Rain gold project and potentially allows Premier to become a near-term producer. . .we are reiterating our target price of $10.80 and our Speculative Buy recommendation."

Christos Doulis, Stonecap Securities (1/27/12) "Premier Gold Mines Ltd. announced that it had signed a letter of intent with Newmont Mining Corp. to enter into a joint venture (JV) on the Saddle and Rain projects in Nevada. . .the JV structure and Premier's $20M work commitment over the next two years allow the Saddle gold project to be advanced aggressively towards a production decision, unlocking value that had been encumbered by the previous ownership structure. We are increasing our target to $8.85 from $8.50 and maintaining our Outperform rating."

Barry Allan, Mackie Research (1/27/12) "Premier Gold Mines Ltd. has announced that it has signed a letter of intent to enter a joint venture with Newmont Mining that will result in the consolidation of the Saddle and Rain projects, located within the Rain sub-district of the Carlin Trend, subject to due diligence by both parties. . . Premier plans to use Newmont's existing infrastructure and relationships in the area to advance the project toward underground development as soon as possible, starting with the implementation of a program that will establish underground infrastructure in order to complete delineation drilling and bulk sampling programs."

Rob Chang, Versant Partners (1/26/12) "Premier Gold Mines Ltd. has announced that it has signed a letter of intent to enter into a joint venture with Newmont to consolidate the Saddle and Rain projects along Nevada's Carlin Trend. Under the agreement, Premier will acquire a 55% operating interest in exchange for contributing one land section, waving its royalties for the Rain and Emigrant mines and contributing $20M in development expenditures over two years. . .it should be highlighted that Premier Gold's role as the operator of the joint venture is a strong endorsement of its technical team by Newmont, as it is uncommon for mining giants to give up control of highly prospective properties such as these."

• Corporate Presentation (8/21/11)

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