Premier Gold Mines Completes $104M Acquisition Of Goldstone Resources

Premier Gold Mines Limited (“Premier”) completed the previously announced acquisition of Goldstone Resources Inc. (“Goldstone”) for approximately $104 million. Each Goldstone shareholder received 0.16 of one Premier common share and a nominal cash payment of $0.0001 for each Goldstone share held.

The acquisition consolidates 100 per cent ownership of the Hardrock Project in Canada that is host to a multi-million ounce NI 43-101 compliant resource estimate.

Premier is a mineral exploration and development company with projects and deposits in northwestern Ontario, Nevada and Mexico.

Goldstone is a gold exploration and development company operating in the Geraldton-Beardmore camp of northwest-ern Ontario and focused on gold exploration and deposit delineation at its gold properties, and as a partner in the Hard-rock Project joint venture with Premier.

Goldstone was represented by a team from McMillan LLP that included Paul Davis, Greg McIlwain and Andrew Walker (corporate/securities); Herb Ono (US securities); Michael Friedman and Carl Irvine (tax); Brent McPherson and Adam Chisholm (litigation); Mathew German (real estate) and Lyndsay Wasser (employment).

Premier was represented by a team from Fraser Milner Casgrain LLP that
included Abbas Ali Khan, Peter Danner and Jessica Palter (corporate/securities); Young Park and Chloe Snider (litigation); Matthew Peters, Neil Bass, Jonah Mayles and Zahra Nurmohamed (tax); Sonja Homenuck (real estate) and Blair McCreadie and Andy Pushalik (employment).

Dorsey & Whitney LLP acted as US counsel for Premier and was represented by Kimberley Anderson and Jodie Kaufman-Davis (securities) and John Hollinrake (tax).


Jonah S. Mayles Andrew Walker Andy Pushalik Matthew D. Peters Neil E. Bass Abbas Ali Khan Peter Danner Matthew German Blair W. McCreadie Young Park Brent McPherson Herbert I. Ono Sonja K. Homenuck Lyndsay Wasser Michael Friedman Carl Irvine Jessica M. Palter Zahra Nurmohamed Paul D. Davis


McMillan LLP Dentons Canada LLP Dorsey & Whitney LLP