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Premium Appoints Former Blackrock Senior Executive Chris Leavy to Board of Directors

Management Changes

Premium Appoints Former Blackrock Senior

Executive Chris Leavy to Board of Directors

Toronto, Ontario--(Newsfile Corp. - March 25, 2025) -

Premium Resources Ltd. (TSXV: PREM) (OTC

Pink: PRMLF) (

"

PREM

" or the "

Company

") is pleased to announce the appointment of Mr. Chris

Leavy to the Board of Directors of the Company. Mr. Leavy was appointed to the Board, effective

immediately. Mr. Leavy's appointment will fill a vacancy arising from the retirement of Mr. William O'Reilly

as a director of the Company.

Mr. Leavy brings more than two decades of experience in asset management with senior roles at

Oppenheimer Funds, BlackRock and One Tower GP.

At Oppenheimer Funds, he built the value equity

group from $6 billion to $16 billion of assets and was recognized by Barron's as a Top 100 Fund

Manager. Later during his tenure at the firm, he was promoted to Chief Investment Officer, Equities. At

BlackRock, he was the Chief Investment Officer of Fundamental Equities (Americas) and a member of

the firm's Global Operating Committee. More recently, Chris was a key member of the One Tower GP

team, which invested primarily in private equity and credit.

Chris is on the Board of 1970 Group and on the Advisory Committee of Abitibi Metals. Chris earned his

BA in Economics from Trinity University and his MBA from Columbia Business School.

Mr. O'Reilly has been a director of the Company since August 2022 and has served as the Chair of the

Corporate Governance & Nominating Committee.

With Mr. O'Reilly's departure from the Board, and the appointment of Mr. Leavy as a director, the Board

now consists of eight directors, namely, Paul Martin (Chair), Chris Leavy, Don Newberry, James Gowans

Jason LeBlanc, Mark Christensen, Morgan Lekstrom and Norman MacDonald.

"I am pleased to welcome Mr. Leavy to the Board of Directors," said, Paul Martin, Chairman of PREM.

"Chris brings extensive financial expertise that will be invaluable as we continue to pursue our strategic

initiatives and drive shareholder value. His insights and experience will be instrumental in supporting

PREM through this exciting next phase of growth."

Paul Martin continued, "I would also like to extend my sincere gratitude to Mr. O'Reilly for his dedication

and contributions during his tenure. His efforts have been greatly appreciated, and we wish him all the

best in his future endeavors."

About Premium Resources Ltd.

PREM is a mineral exploration and development company that is focused on the redevelopment of the

previously producing nickel, copper and cobalt resources mines owned by the Company in the Republic

of Botswana.

For further information about Premium Resources Ltd., please contact:

Morgan Lekstrom

CEO and Director

[email protected]

Jaclyn Ruptash

Vice President, Communications and Investor Relations

+1 (604) 770-4334

[email protected]

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 news release. No stock exchange, securities commission or other

regulatory authority has approved or disapproved the information contained herein.

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To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/245956