Premier Gold Mines Limited to be added to S&P/TSX Composite Index

Shares Issued: 92,879,679

THUNDER BAY, ON, June 15 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG) ("Premier") is pleased to announce it has been added to the Toronto Stock Exchange's benchmark S&P/TSX Composite Index, effective June 21, 2010. The S&P/TSX Composite Index is an index of the equity prices of the largest companies on the Toronto Stock Exchange (TSX) as measured by market capitalization and represents approximately 70% of the market capitalization for Canadian-based companies listed on the Toronto Stock Exchange.

"Inclusion in the S&P/TSX Composite Index is recognition of Premier's sustained growth profile and a testament to the hard work of the Company's entire management team, which has resulted in strong long-term share performance and significant exploration successes." Stated President & CEO Ewan Downie.

Premier Gold Mines Limited is a well financed Canadian-based mineral exploration and development company with several projects and deposits in Northwestern Ontario and Nevada and a joint venture in Mexico. In the Red Lake gold mining camp, two are operated in joint venture with Red Lake Gold Mines. The company also owns a strategic project located on the main Musselwhite Gold Mine trend and holds a 70% interest in the Hardrock Project.

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

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For further information: Ewan Downie, President & CEO, Phone: [phone], Fax: [phone], e-mail: [email protected], Web Site: www.premiergoldmines.com