VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 4, 2012) - Premium Exploration Inc. (TSX VENTURE

EM)(OTCQX

MMEF) ("Premium" or the "Company) is pleased to report that a ground-based Induced Polarisation ("IP") geophysical survey at the Idaho Gold Project ("IGP") has successfully outlined a new target at the X Zone. This new IP target exhibits coincident highly anomalous gold-in-soil and airborne mag/EM signatures. These characteristics are similar to those associated with the three known deposits along the IGP and suggest potential for the discovery of new gold mineralization at the Idaho Gold Project.