Proven Management – Proven Gold Districts – Safe Jurisdictions HARDROCK PROJECT Mineral Resource Estimate Update - July 2014 1-888-346-1390 Symbol: TSX-PG www.premiergoldmines.com
DISCLAIMER PG:TSX 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) Hardrock Mineral Resource Premier Gold Mines Limited July 8, 2014 (2) Trans-Canada PEA Premier Gold Mines Limited January 28, 2014 (3) Hardrock (Trans-Canada) Premier Gold Mines Limited December 13, 2013 (4) Trans-Canada Premier Gold Mines Limited February 1, 2013 (5) Bonanza Premier Gold Mines Limited September 17, 2009 (6) Helen (Cove) Premier Gold Mines Limited January 2, 2014 (7) Trans-Canada Premier Gold Mines Limited February 1, 2013 (8) Hardrock Premier Gold Mines Limited May 17, 2011 (9) Hardrock Premier Gold Mines Limited March 4, 2010 (10) Kailey Premier Gold Mines Limited May 17, 2011 (11) Brookbank Goldstone Resources Inc. May 15, 2009 (12) East Bay Wolfden Resources Inc. June 5, 2006 (13) Helen (Cove) Victoria Gold Corp May 5, 2011 www.premiergoldmines.com 2
THE PREMIER DIFFERENCE PG:TSX Share Structure Research Coverage Total Shares I/O: 153,748,463 Stock Options: 12,938,272 Warrants: 0 Fully Diluted: 166,686,735 Cash/Investments: ~C$55 Million *52 week range: $3.07 - $1.28 *Close: $2.95 *Market Cap: C$454M *as at July 07, 2014 www.premiergoldmines.com 3
THE PREMIER DIFFERENCE PG:TSX NORTH AMERICAN-FOCUSED Pro-mining jurisdictions (Ontario/Nevada) offer reduced political 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 $55 M in cash and investments. www.premiergoldmines.com 4
TRANS-CANADA PROPERTY PG:TSX Open Pit and Underground Potential OWNERSHIP: 100% Premier LOCATION: Geraldton, Ontario STATUS: - Positive PEA results - Feasibility Study Underway PROJECT HIGHLIGHTS • 4 Deposits in the heart of the Beardmore Geraldton Mining Camp • PEA completed (Jan 2014) • Upside offered by multi-million ounce underground resource, various open pit options and regional exploration CURRENT DEVELOPMENTS • Delineation drill program to be completed • Resource model update completed • Feasibility Study to be released in H1-2015 www.premiergoldmines.com 5
PREMIER EXECUTION PG:TSX KEY ACCOMPLISHMENTS � Completed rock mechanics study – demonstrates rock slope stability at 60.7 degrees (inter-ramp slope angle) – 55 degrees used in resource � Completed 86,500 metres of definition drilling since 2013 resource totaling an aggregate of 621,400 meters integrated into this estimate � Updated resource has identified several open pit options � Feasibility Study underway – Expected H1 2015 www.premiergoldmines.com 6
2014 RESOURCE ESTIMATE - SUMMARY PG:TSX Cut-off Resource Tonnes Gold (Au) Au Ounces Category Category ( ’ 000) Grade (g/t) ( ’ 000) Open Pit (O/P) Indicated 83,868 1.47 3,972 Inferred 10,225 1.53 501 (0.50 g/t Au COG) Underground (U/G) Indicated 5,169 5.40 898 Inferred 12,922 5.40 2,242 (3.00 g/t Au COG) Combined Total Indicated 89,037 1.70 4,870 Total Inferred 23,147 3.69 2,744 * See Note 1 • Overall Indicated resources of 4.87 million (M) ounces, an increase of 1.63M ounces or 50% • O/P Indicated resources of 3.97M ounces, an increase of 1.62M ounces or 69% with coincident increases in resource grades • New estimate utilizes identical grade capping, COG ’ s and gold price (in Canadian dollar terms) versus previous estimate as well as 86,500 metres of additional infill drilling for a total of 621,000 metres • 47 shells (using a combination of gold price and cut off grade) were generated • Three were retained for further evaluation www.premiergoldmines.com 7
2014 RESOURCE ESTIMATE - O/P + U/G TOTALS PG:TSX Oblique Long-Section View In-Pit Above 0.50 g/t Au N Open Pit Indicated : 83.868 Mt @ 1.47 g/t Au, 3.973 Moz Open Pit Inferred : 10.225 Mt @ 1.53 g/t Au, 0.501 Moz 500m Underground Above 3.00 g/t Au Indicated : 5.169 Mt @ 5.40 g/t Au, 0.898 Moz Inferred : 12.922 Mt @ 5.40 g/t Au, 2.243 Moz * See Note 1 Total Resources Indicated : 89.037 Mt @ 1.70 g/t Au, 4.870 Moz Inferred : 23.147 Mt @ 3.69 g/t Au, 2.744 Moz www.premiergoldmines.com 8
2014 RESOURCE ESTIMATE – SECTION VIEWS PG:TSX Section 3900E Looking West Looking North Section 3900E LEGEND Shell June 2014 Shell Oct 2013 Blocks > 0.5 g/t 500m 200m Open Pit Indicated : 83.868 Mt @ 1.47 g/t Au, 3.973 Moz (89% of ounces Indicated) Open Pit Inferred : 10.225 Mt @ 1.53 g/t Au, 0.501 Moz (11% of ounces Inferred) COG: 0.50 g/t Au Whittle Shell 18 Gold Price: $US 925 ($CAN 953) Waste/Ore ratio: 6.2 @ COG 0.50 g/t Currency Exchange Rate: US$1=CAD$1.03 Waste/Ore ratio: 4.8 @ COG 0.40 g/t Total Tonnes : 676 Mt * See Note 1 www.premiergoldmines.com 9
2014 RESOURCE ESTIMATE – SENSITIVITY ANALYSIS PG:TSX SENSITIVITY OF ESTIMATE TO A RANGE OF COG ’ s Sen Portion of Cut-off Resource Au Grade Au Ounces Deposits Increment (g/t) Category Tonnes ( ‘ 000) (g/t) ( ‘ 000) W:O (Strip) Ratio O/P 0.70 Indicated 59,128 1.84 3,503 9.1 Inferred 7,396 1.88 448 O/P 0.60 Indicated 69,781 1.66 3,725 7.6 Inferred 8,526 1.72 471 O/P 0.50 Indicated 83,868 1.47 3,973 6.2 Inferred 10,225 1.53 501 O/P 0.40 Indicated 103,414 1.28 4,254 4.8 Inferred 12,369 1.34 532 O/P 0.30 Indicated 131,631 1.08 4,568 3.6 Inferred 15,005 1.16 562 U/G 4.00 Indicated 3,043 6.78 663 N/A Inferred 7,941 6.61 1,689 U/G 3.50 Indicated 3,894 6.11 765 N/A Inferred 10,119 6.00 1,951 U/G 3.00 Indicated 5,169 5.40 898 N/A Inferred 12,922 5.40 2,242 U/G 2.50 Indicated 7,095 4.68 1,067 N/A Inferred 17,886 4.66 2,678 U/G 2.00 Indicated 10,134 3.94 1,285 N/A Inferred 26,086 3.89 3,263 * See Note 1 O/P = Open Pit U/G = Underground www.premiergoldmines.com 10
2014 RESOURCE ESTIMATE - PARAMETERS PG:TSX PARAMETERS/DATA ASSUMPTIONS USED FOR RESOURCE Whittle Parameters (CAD $) Data or Assumption Gold Price $1339/oz Date of Data Used 26-May-14 Shell 18 Gold Price $953/oz Number of Drillholes in Block Model 1417 Mining Cost $1.62/t Incremental Bench Cost $0.032/10m Bench Metres of Drilling in Block Model 621,000 Mining Recovery 95% Number of Raw Assays 260,000 Mining Dilution 5% Specific Gravity (SG) 2.74 to 3.00 Milling Recovery 90% Milling Cost $10.86/t Block Model & Interpolation Software GEMS G&A $1.22/t Interpolation Method ID2 Sustaining Costs $0.50/t Re-handling Cost $0.10/t Block Sizes (m x m x m) 10 x 5 x 10 Pit Slope Angle 55 degrees O/P Cut-off Grade 0.50 g/t U/G Cut-off Grade 3.00 g/t * See Note 1 www.premiergoldmines.com 11
2014 RESOURCE ESTIMATE – O/P ONLY PG:TSX JUNE 2014 RESOURCE SHELL vs OCT 2013 RESOURCE SHELL Oct 2013 Resource 2014 Mineral Resource O/P Shell Estimate O/P Shell Indicated Resources: Indicated Resources: 50.228 Mt @ 1.46g/t 83.868 Mt @ 1.47 g/t Ozs Au: 2.352M Ozs Au: 3.972M Inferred Resource: Inferred Resource: 17.793 Mt @ 1.50g/t 10.225Mt @ 1.53g/t Ozs Au: 0.859M Ozs Au: 0.501M Au price (CAD): $1139/oz N Au price (CAD): $953/oz Waste/Ore Ratio: 6.0 Waste/Ore Ratio: 6.2 Depth: 469m Depth: 587m 500m * See Note 1 www.premiergoldmines.com 12
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