Technical Reports Gor South Arturo And McCoy-Cove Properties

THUNDER BAY, ON - Premier Gold Mines Limited has filed technical reports prepared for the South Arturo Mine and the McCoy-Cove Project.

The independent technical report, titled "Preliminary Feasibility Study for the South Arturo Mine, Elko County, NV" was completed by Practical Mining LLC. and provides updates to processed tons, strip ratio, cash costs, AISC, NPV, IRR and payback.

The PFS was based on the current mineral reserves, utilizing drilling to November 2019 with a life of mine plan that includes the underground El Nino Mine and the proposed Phase 1 Open Pit. Mineral Reserves are reported only for material amenable to roasting from the Phase 1 pit and El Nino underground.

The independent technical report, titled "Preliminary Economic Assessment for the Cove Project, Lander County, Nevada" was completed by Practical Mining LLC. and provides detail to the disclosure. The McCoy-Cove property, located near Battle Mountain, Nevada, is 100% owned by Premier and includes the Cove Project.