McCoy-Cove Project - Premier Gold Mines Limited Project November 2014 ... Carlin style Au/Ag targets identified beneath the pit open for ... 30.4 g/t Ag cross 161.5m

Proven Management – Proven Gold Districts – Safe Jurisdictions

McCoy-Cove Project November 2014

1-888-346-1390

www.premiergoldmines.com

Symbol: PG

Exchange: TSX

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This presentation may contain "forward looking information" within the meaning of Canadian securities legislation, which are based on the opinions and estimates of management and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward looking information. Such risks and uncertainties include, but are not limited to, risks associated with the mining industry, the risk of commodity price and foreign exchange rate fluctuations, the ability of Premier to fund the capital and operating expenses necessary to achieve the business objectives of Premier, as well as those risks described in public disclosure documents filed by Premier. Due to the risks, uncertainties and assumptions inherent in forward-looking information, prospective investors in securities of Premier should not place undue reliance on these forward-looking information.

This presentation has been completed by Premier. Certain corporate projects referred to herein are subject to agreements with third parties who have not prepared, reviewed nor approved this presentation. The presentation is not intended to reflect the actual plans or exploration and development programs contemplated for such projects.

Stephen McGibbon, P. Geo., (Executive VP Corporate and Project Development) is the Qualified Person for the information contained in this presentation and is a Qualified Person within the meaning of National Instrument 43-101.

For further information on the technical data provided in this presentation, refer to the Sedar filings as listed below:

Note Project/Property Company Date

(1) Helen (Cove) Premier Gold Mines Limited January 2, 2014

(2) Helen (Cove) Victoria Gold Corp May 5, 2011


DISCLAIMER

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NORTH AMERICAN-FOCUSED

Pro-mining jurisdictions (Ontario/Nevada) offer

reduced political risk.

EXPERIENCED MANAGEMENT TEAM

Strong history in exploration, mining & corporate

development.

THREE CORE PROJECTS

Trans-Canada (Hardrock), McCoy-Cove (Nevada)

and Rahill-Bonanza (Red Lake)

SIGNIFICANT GOLD RESOURCES

Growing mineral resource base with multiple

projects advancing towards development

INFRASTRUCTURE

All projects are located in the heart of some of

North America’s “premier” gold mining camps

STRONG BALANCE SHEET

Approximately C$35M in cash and investments.

THE PREMIER DIFFERENCE


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Cove

McCoy

Tailings

Heap Leach Pads

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Windy Point

Helen Zone

McCoy Ramp

Guard Station

Advanced-stage project opportunity, Battle Mountain, Nevada

Existing infrastructure, including lined heap leach pads, could

potentially be utilized under a renewed development scenario

KEY TAKE AWAYS

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OWNERSHIP: 100% Premier

LOCATION: Battle Mountain, Nevada

STATUS: Surface Exploration

MINERAL RESOURCES:

* See note 1

RECENT DEVELOPMENTS:

- Consolidated 100% ownership in large property

package in the heart of the prolific Battle

Mountain - Eureka Trend

- Eliminated back-in rights previously held by

Newmont and secured a “good faiths”

processing arrangement

- Potential for open pit and underground mining

opportunities

Deposit Cut-off Category Resource Category

Tonnes (Mt)

Gold (Au) Grade (g/t)

Au Ounces (Mozs)

Helen Underground Indicated 0.425 10.46 0.143

Inferred 0.882 9.81 0.279

50km

N

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Consolidated McCoy-Cove Land Package

• Located immediately south of the multi-

million ounce (+ copper) Phoenix Mine

operated by Newmont

• Large underexplored land package of

approx. 31,000 acres (~48 sq miles)

• Past-production at Cove-McCoy: ~3.3 M

ounces gold and ~110M ounces silver

• Cove Mine is the fourth largest silver

producer in the history of Nevada *

* - Geology of the Cove Mine, Johnston et al, 2008

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KEY TAKE AWAYS

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Open Pit & Underground resource opportunities

OPEN PIT – Drilling in 2014/15

• Oxide mineralization proximal to the McCoy pit

• Oxide mineralization associated with the Windy

Point fault structure

• Historic pit data re-evaluation at Cove

• Under explored land package

UNDERGROUND – McCoy & Cove

• High grade mineralization below the McCoy open pit

• High grade mineralization below the Cove open pit

(CSD, CND & 2201 Zones)

• Helen Zone deposit

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KEY TAKE AWAYS

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Cove Pit

McCoy Pit Regional fault

Pit surface outline

Plan View

Host fault structures between deposits offer substantial upside

KEY TAKE AWAYS

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PRIORITY 1

OPPORTUNITY:

- Open pit pushback (400–500k ozs potential)

- Potential to expand mineralization

POTENTIAL: +50k ozs/yr production?

TIMEFRAME: <5yrs

PRIORITY 2

OPPORTUNITY:

- Underground Development (high grade gold)

POTENTIAL: - Future production

- Several targets identified

TIMEFRAME: ~5yrs

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Open Pit Potential

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N

DDH intercepts inside

grade shell 0.01 opt

250 m

McCOY

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View Direction

Remaining Ore Block?

View direction SE of potential remaining ore block in East Wall of McCoy pit

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McCOY

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Remaining Ore Block?

View direction SSW of potential remaining ore block in East Wall

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McCOY

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McCoy Oxide Mineralization Validation/Delineation Drilling

McCOY

Flat, easy access for

drills

East Wall Target

PM14-01

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Upside Resource Potential Proximal to McCoy Pit

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N Grade shell 0.01 opt

Underground Mined out

in red

250 m

High grade intercepts at depth Incl. 11.73 g/t Au – 22.9m

McCOY

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Open Pit and Underground potential

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Original Pit

(Underground)

Mined out

250 m

UPC2

12.89 g/t Au – 5.9 m

UPC9

8.06 g/t Au – 12.5 m

UPC5

6.55 g/t Au – 10.7 m

UPC3

11.73 g/t Au – 22.9 m

Deep target offers upside potential

McCOY

East Wall

Oxide Target West Contact

Target

Gold Dome

Target Panther Canyon

Target

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High-Grade Gold/Silver Target bases on Historic Drilling

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Zoom in

UPC13

6.86 g/t Au, 316.46 g/t Ag

Over 6.1 m

UPC14

7.20 g/t Au, 74.40 g/t Ag

Over 5.3 m

100m

Red - estimated to be mined out

Looking NE

McCOY

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Area of Chargeability High

Priority Exploration - 3 Lines of Deep-Seeing IPRES A-spacing 200m for more shallow detail array

McCOY

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PRIORITY 1

OPPORTUNITY: Underground Exploration

POTENTIAL: Multi-million oz Au, Ag, BM

TIMEFRAME: >5yrs

PRIORITY 2

OPPORTUNITY: Open pit re-evaluation

POTENTIAL: Undetermined

TIMEFRAME: >5yrs

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COVE

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COVE

Cove Deposit

• Historic production of ~2.5 Moz Au and +100 Moz Ag

• Open pit target: Premier drilling and compilation of historic data suggests the need

to re-evaluate potential for additional open pit mineralization at Cove

• 2201 Zone: Polymetallic Au/Ag/Pb/Zn sheeted vein system discovered beneath the

pit expected to be upgraded to 43-101 compliant resource status in 2015/16

• CSD-CND Zone: Carlin style Au/Ag targets identified beneath the pit open for

expansion

• Helen Zone: Carlin style Au mineralization located northwest of the pit with a 43-101

compliant resource:

– Indicated: 143,100 oz @ 10.46 g/t Au

– Inferred: 278,700 oz @ 9.81 g/t Au

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COVE

Long Section View – Looking Northeast

500’

1000’

1500’

2000’

2500’


Thematic Map of Blasthole Au Grades

Potential open pit target – Cove pit re-evaluation

AX-46

PG-02

2000’

2500’

3000’

1500’

1000’

PG-01

AX-46 3.08 g/t Au across 49.10 m

AX-51 2.36 g/t Au across 73.90 m

Incl. 5.01 g/t Au across 22.70 m

PG-02 1.40 g/t Au, 10.71 g/t Ag

across 101.7m

PG-01 1.54 g/t Au, 30.4 g/t Ag cross 161.5m

Incl.

6.23 g/t Au, 162.78 g/t Ag across 25.3m

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COVE


N

PG-02

PG-02

1.40 g/t Au, 10.71 g/t Ag - 101.7 m

Potential open pit target – Cove pit expansion

500’

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COVE

Long Section View – Looking North

PG-01

PG-01

1.55 g/t Au, 30.4 g/t Ag - 161.5 m

Incl.

6.23 g/t Au, 162.78 g/t Ag – 25.3 m

500’

N

PG-01

Potential open pit target – Cove pit expansion

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COVE

Surface Plan – Cove Deposit

Cove pit

100m

A

A’

Helen Zone

CSD

2201

MS

Since the end of active mining, new discoveries have been made

in the deeper rock units proximal to the Cove Pit

Selected Drill Results

2201 Zone: PG-02 • 10.3m - 13.22g/t Au, 38.67g/t Ag, 1.16% Pb/Zn

• 4.1m - 18.96g/t Au, 23.00g/t Ag, 0.35% Pb/Zn

• 3.0m - 11.39g/t Au, 56.70g/t Ag, 0.27% Pb/Zn

AX-51 • 3.0m - 4.76g/t Au, 311.07g/t Ag, 12.67% Pb/Zn

• 6.1m - 10.98g/t Au, 38.95g/t Ag

PG14-03 • 40.23 g/t Au, 203.17 g/t Ag Across 4.9 m

CND Zone: PG-01 • 5.0m - 3.74g/t Au, 718.72g/t Ag, 1.76% Pb/Zn

• 4.5m - 28.05g/t Au, 15.81g/t Ag

Helen Zone Resource: • Indicated: 143,100 ounces @ 10.46 g/t Au

• Inferred: 278,700 ounces @ 9.81 g/t Au

CSDX

N Windy Point

Pit Target

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COVE


Cove pit

Caetano Tuff

Smelser Pass

Panther Canyon congl.

Panther Canyon dolomite

Home Station

Favret Formation

Dixie Valley Formation

Mineralized Zone

Helen Zone Indicated: 143,100 ounces @ 10.46 g/t Au

Inferred: 278,700 ounces @ 9.81 g/t Au

CSD

Dyke

MID

NW SE

500 feet

“Feeder” structures offer the potential for multiple discoveries

Thrust

fault

Havallah Formation

Windy Point Open Pit Target

CSDX

2201 AX-51

13.22 g/t Au, 38.67 g/t Ag

Across 10.3 m

PG14-03

40.23 g/t Au, 203.17 g/t Ag

Across 4.9 m

PG14-02

182.87 g/t Au, 46.90 g/t Ag

Across 1.5 m

A A’

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COVE

NW SE

CSD Zone:

Upper Horizon located immediately below Cove underground mine workings

2201 MID Zones:

Includes massive sulphide mineralization CSD

2201

MID

VG

2201 Zone:

Bedding replacement sulphide horizons

2201 - VG Zone:

High-grade horizon closely associated with thrust fault, open in multiple directions

Multiple Target Horizons

Multiple Zones – open for expansion

100m


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PRIORITY 1

OPPORTUNITY: Surface oxide mineralization

POTENTIAL: Future open pit

TIMEFRAME: <5yrs

PRIORITY 2

OPPORTUNITY: Underground Exploration

POTENTIAL: Cove underground look alike?

TIMEFRAME: <5yrs

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WINDY POINT

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WINDY POINT

Windy Point Target Area

• Exploration trench over heart

of potential deposit area

• Channel sampling of road

cuts and outcroppings

• Drilling to confirm historic

results and test for expansion

potential

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PRIORITY 1

OPPORTUNITY: Existing infrastructure

POTENTIAL: Shortens development pathway

TIMEFRAME: <5yrs

PRIORITY 1

OPPORTUNITY: Leach pad reprocessing

POTENTIAL: Unknown

TIMEFRAME: <5yrs

PRIORITY 2

OPPORTUNITY: Tailings reprocessing?

POTENTIAL: Unknown

TIMEFRAME: >5yrs

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McCoy Infrastructure

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• Lined heap leach pads

• Tailings facility

• Office and maintenance buildings

• Machinery and equipment

• 120kv line to property

- Existing infrastructure could allow for accelerated development

INFRASTRUCTURE

30 www.premiergoldmines.com

PG:TSX SUMMARY & NEWS FLOW

• Some of the major gold discoveries of the last decade are in the B-M Trend

• Premier holds a 100% interest in a large underexplored land package in the heart of

the district

• Excellent opportunity to define multiple mineralized horizons:

• Potential for near-surface heap leachable mineralization at McCoy and at

Windy Point

• Further definition of high-grade mineralization at Cove (2201 Zone) and new

target areas

• Existing infrastructure and a “good faith efforts” processing arrangement with

Newmont could allow for accelerated development opportunity

SUMMARY

• Current drill program focused on McCoy and Windy Point open pit opportunities

• Continue expansion of the recently discovered 2201 Zone at Cove

• Assess potential for reprocessing historic tailings & heap leach pads

• Complete project wide compilation in an effort to define future exploration targets

• Target resource estimate for open pit mineralization in mid-2015

NEXT STEPS

KEY CONTACTS:

Ewan Downie (807) 346-1390

President & CEO

Ebe Scherkus (416) 317-4877

Chairman

Stephen McGibbon (613) 376-6782

Executive Vice President

Corporate & Project Development

Matthew Gollat (807) 346-1397

Corporate Development

Investor Relations

Shobana Thaya (416) 807-1009

IR & Corporate Communications

A World of Opportunity - Premier Performance – Premier Growth – Premier Opportunity -

Symbol: PG Exchange: TSX

* - Cove Underground image (Source: Echo Bay Annual Report 2000)

A-1

Deal Terms • US$21 Million (plus bonding) ,including US$15M on signing.

• Transfer to Newmont the South Carlin Property.

• Premier holds a 1.5% Net Smelter Royalty (“NSR”) in the South Carlin Property.

• Elimination of “back-in” rights on McCoy-Cove.

• Revision of the royalty terms from a “potential” 5.0% NSR to a 1.5% NSR.

• A “good faith efforts” processing arrangement with Newmont over a 10-year period within a 12-

year window for ores mined.

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McCOY-COVE PROPERTY

Documents

McCoy-Cove Project - Premier Gold Mines Limited Project November 2014 ... Carlin style Au/Ag targets identified beneath the pit open for ... 30.4 g/t Ag cross 161.5m