Premium Resources Ltd. Grants Stock Options

Premium Resources Ltd. Grants Stock Options

Toronto, Ontario--(Newsfile Corp. - December 5, 2024) -

Premium Resources Ltd. (TSXV: PREM)

(OTC Pink: PRMLF)

("

PREM

" or the "

Company

") announces that, effective December 4, 2024, it has

granted to certain directors, officers, employees and/or consultants of the Company and/or its

subsidiaries an aggregate of 300,000 stock options of the Company ("

Options

") pursuant to the stock

option plan of the Company.

The Options have an exercise price of C$0.49 per share and a five-year term from the date of grant.

175,000 of the Options vest immediately and the remaining 125,000 vest annually in equal thirds

beginning on the date of grant.

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.

PREM is committed to governance through transparent accountability and open communication within

our team and our stakeholders. Our skilled team has worked over 100 projects collectively, accumulating

over 400 years of resource discoveries, mine development and mine re-engineering experience on

projects like the Company's Selebi and Selkirk mines. PREM's senior team members have on average

more than 20 years of experience in every single aspect of mine discovery and development, from

geology to operations.

ON BEHALF OF THE BOARD OF DIRECTORS

Paul Martin

Director

Premium Resources Ltd.

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

Jaclyn Ruptash

Vice President, Communications and Government and Investor Relations

+1 (604) 770-4334

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.

Follow Us

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https://twitter.com/Prem_Resources

Linked in:

https://www.linkedin.com/company/Premium-Resources

Facebook:

https://www.facebook.com/PremiumResourcesLtd.

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

https://www.newsfilecorp.com/release/232580