CCM Research Issues Update Report on Premium Exploration, Inc.

(EMAILWIRE.COM, October 02, 2007 ) New York, NY - CCM Research analyst, Stephanie Loiacono, CFA, has written an update report on Premium Exploration, Inc. Premium Exploration, Inc. (PEM: TSX-V) (PMMEF: PK) is a precious metals exploration company focused on prospect generation, evaluation and exploration in North America. Premium has assembled an innovative and experienced management and advisory team who are committed to the long-term success of the Company. The Company has established excellent project pipelines in Mexico and has already acquired several gold-silver projects with good infrastructure under favourable terms and is moving rapidly to advance them.In the report the analyst states, “PEM’s joint venture business strategy permits the Company to maintain substantial interests in multiple projects, thereby improving the possibility that shareholders will participate in a significant mineral discovery.”The analyst continues, “financial results for PEM’s first six months of 2007 were consistent with our expectations. The Company is on-track with its exploration and development activities.”Regarding the quality of PEM’s projects the analyst notes, “These projects are generally characterized by strong resource potential, excellent infrastructure with good access to roads, electricity and water, and the ability to be brought quickly into production.”A free copy of the report can be found at www.ccmopportunitybase.com. CCM Research, a division of Cronus Capital Markets, Inc. subscribes to the “Standards for Independent Research Providers” and the principles contained in the Analyst/Corporate Issuer Guidelines jointly promulgated by the CFA Institute and the National Investor Relations Institute, described at: http://www.cfainstitute.org and http://www.niri.org. Cronus Capital Markets, Inc., through its CCM Consulting Division, entered into a one year $42,500 contract with the company to assist it with the creation and execution of information-based strategies to overcome market inefficiencies that are commonplace for the vast majority of public companies, including share illiquidity and stagnant market capitalization.Cronus Capital Markets (CCM) is a global investment information firm who strategically produces and introduces, through various forms of analytics and worldwide distribution, information on equity market opportunities. CCM’s equity indexes receive international attention and represent important new benchmarks of growth. The TSX Venture Exchange has neither approved nor disapproved the contents of the press release.SOURCE: Cronus Capital MarketsDianne RudderhamProgram DirectorT: 416-368-3700 ext 223E: Rudderham@cronuscapitalmarkets.com

Dianne Rudderham

rudderham@cronuscapitalmarkets.com