Premium Exploration Announces Change in Auditor
26 Februar 2014 - 9:52PM
Access Wire
February 26, 2014,
Coeur d'Alene, Idaho - Premium Exploration Inc. (TSX-V: PEM; OTC
Pink Current: PMMEF) ("Premium" or the "Company") announced today
that its Board of Directors
has approved a change of the Company's auditors. At
the request of the Company, MNP LLP (the Former Auditor) has
resigned as auditor of the Company effective February 26th, 2014.
The Board of Directors of the Company have appointed Martinelli
Mick PLLC as the successor auditor, effective February 26, 2014
(the Successor Auditor).
The Company has sent a Notice of
Change of Auditor (the Notice) to the Former Auditor and to the
Successor Auditor and has received a letter from each, addressed to
the securities commissions in each of Alberta, British Columbia,
and Ontario stating that they agree with the information contained
in the Notice. The Notice together with the letter from the Former
Auditor and the letter from the Successor Auditor are available on
www.sedar.com.
There were no
disagreements or unresolved issues with the Former Auditor on any
matter of audit scope or procedures, accounting principles or
policies, or financial statement disclosure. It is the Company's
opinion that there have been no "reportable events" (as defined in
National Instrument 51-102 Continuous Disclosure Obligation)
between the Company and the Former Auditor. The Former Auditor did
not provide a modified opinion in their auditor's report for the
financial statements of the Company fiscal years ended December
31st, 2012 and
2011.
About Premium Exploration Inc.
The Company's purpose is
to efficiently and economically advance their district sized Idaho
Gold Project. The Idaho Gold project contains three known deposits.
The Friday deposit has an NI 43-101 compliant resource of:
Indicated: 647,000 Au
(20.1 MT @ 1.0 g/t Au with 0.45 g/t cut-off)
Inferred: 590,000 Au
(20.9 MT @ 0.88 g/t Au with 0.45 g/t cut-off)
The Deadwood deposit and
the Buffalo Gulch oxide deposit both have small historical gold
resources and both are expandable. Premium Exploration has
commenced a preliminary economic study envisioning underground
mining of a high grade portion of the Friday deposit.
For Further Information
Please Contact:
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|Mr. John Ryan |President&CEOP:(604)682-0243|Peter J. Kletas | Investor Relations|
|Fax: (604) 682-2499 |866-999-6251-Toll Free |
|E:jryan@premiumexploration.com |604-874-7915-Direct |
| |ir@premiumexploration.com |
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This press release
contains certain "Forward-Looking Statements" within the meaning of
Section 21E of the United States Security Exchange Act of 1934, and
involves a number of risks and uncertainties. Important factors
that could cause actual results to differ materially from the
Company's expectations are disclosed in the Company's documents
filed from time to time under the Company's profile on
www.sedar.com in accordance with
the policies and requirements of the TSX Venture Exchange and
applicable securities law. All statements, other than of historical
fact, included herein are forward-looking statements that involve
various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate, and actual results and
future events could differ materially from those anticipated in
such statements. There are no assurances that the Company can
fulfill such Forward-Looking Statements and the Company undertakes
no obligation to update such statements.
Neither the TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
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