Shares Issued: 78,125,179

THUNDER BAY, ON, July 29 /CNW/ - PREMIERGOLD MINES LIMITED (TSX:PG) is pleased to announce results fromdrilling in the EP Zone target that continues to define significant high-grade gold mineralization in multiple zones at the Company'sHardrock Project in Northwestern Ontario. The current program,consisting of delineation and exploration drilling, will continue throughout 2009 and is expected to result in an NI 43-101 compliant resource estimate by year end.

The Hardrock Project is operated under a joint venture with Roxmark Mines Limited (TSX-V:RMK) (Premier holds a 70% interest). The Hardrock Project is host to several past-producing mines which collectively produced nearly 3.0 Million ounces of gold, primarily from relatively shallow depths (600 metres) between 1938 and 1968. Importantly, the Hardrock Project has the potential for defining several styles of mineralization capable of hosting resources, with grades and widths similar to many of Ontario's major gold mines including: open pit-style mineralization with grades exceeding 1.5 g/t Au (Timmins, Hemlo); broad zones of mineralization with grades averaging 5.0+ g/t Au (Musselwhite); and narrow vein zones with higher gold grades often exceeding 7.0g/t (Red Lake, Pickle Lake). The Hardrock Project benefits from development advantages with the Trans-Canada Highway, Trans-Canada Pipeline, and major power lines running through the center of the property.

Drilling for the balance of the year will focus on defining both open pit and underground mineralization such that the Property can be moved towards advanced exploration and feasibility. Drilling at the EPZone target continues to exceed expectations with drilling now having intersected mineralization over a strike length of some 650 metres and to depths approaching 200 metres in the central portion of the deposit.Additionally, drilling continues to intersect mineralization in theSouth Porphyry Zone ("SP") as drilling continues to define the zone down-plunge, returning high grade gold within multiple zones.Highlights from recent drilling (some previously released) include:

    <<
- EP Zone:  5.21 grams per tonne gold (g/t Au) across 37.0 metres (m)
within the North Limb
6.51 g/t Au across 18.4m within the North Limb
19.03 g/t Au across 11.3m & 17.16 g/t Au across 9.5m in step-
out South Limb drilling

- SP Zone:  6.63 g/t Au across 28.1m within the SP Zone underground
target
6.60 g/t Au across 32.6m within the SP Zone
36.22 g/t Au (1.06 oz/ton) across 2.2m within the HGV Zone
target

EP-Zone
-------
>>

The EP-Zone has been identified as a potential high-grade open pittarget in the vicinity of the historic North Zone, from which 2.97Million tonnes of ore was mined at a recovered grade of 7.54 g/t Au. Previous highlights that include 7.60 g/t Au across 20.5 m in holeEP044, 2.37 g/t Au across 62.7 m in hole EP026, 4.17 g/t Au across 29.0m in hole EP053, 5.21 g/t Au across 37.0 m in hole EP079, and 19.03 g/tAu across 11.3 m in hole EP080 continue to define and expand mineralization within the confines of the target pit area at EP.

Table 1 summarizes highlights from new assay results at the EP-Zone.A complete table of results for the EP Zone can be found on theCompany's website,www.premiergoldmines.com.

    <<
Table 1      New Sub Zone Intercepts within the EP Zone Target Area
-------------------------------------------------------------------------
UTM        Dip/                      Grade         Grade
Coordinates  Azimuth  From   To Interval  (g/  Interval (oz/
Hole-ID     (m)     (degrees)  (m)   (m)   (m)   tonne)  (ft)   ton) Zone
-------------------------------------------------------------------------
17.0  26.0   9.0   2.17  29.52   0.06  PIT
--------------------------------------------
188.5 203.5  15.0   2.76   49.2   0.08   SL
EP081     5503001 N          --------------------------------------------
504815 E  -60/360  219.0 230.0  11.0   3.66  36.08   0.11   NL
--------------------------------------------
264.5 268.0   3.5  17.94   11.5   0.52  NLB
-------------------------------------------------------------------------
134.1 136.5   2.4   1.66    7.9   0.05  SLB
--------------------------------------------
EP082     5503000 N           167.5 183.1  15.6   1.05   51.2   0.03   SL
504850 E  -60/360 --------------------------------------------
196.5 202.9   6.4   1.87   21.0   0.05   NL
--------------------------------------------
206.9 210.5   3.6   7.47   11.8   0.22    X
-------------------------------------------------------------------------
37.5  39.4   1.9  12.54    6.2   0.37  SLC
EP083     5503011 N          --------------------------------------------
504903 E  -60/360   88.5  96.0   7.5   1.66   24.6   0.05  SLB
--------------------------------------------
131.2 137.2   6.0   8.45   19.7   0.25   SL
-------------------------------------------------------------------------
EP084     5503095 N            33.5  36.8   3.3   7.93   10.8   0.23  SLB
504915 E  -45/360 --------------------------------------------
44.3  45.2   0.9  21.70    3.0   0.63   SL
-------------------------------------------------------------------------
EP085     5503162 N             7.3  29.8  22.5   4.15   73.8   0.12   NL
504950 E  -45/180 --------------------------------------------
51.0  56.0   5.0   1.32   16.4   0.04   SL
-------------------------------------------------------------------------
EP086     5503228 N
505050 E  -50/180  134.5 140.5   6.0   1.35   19.7   0.04   NL
-------------------------------------------------------------------------
EP087     5503160 N            15.5  33.9  18.4   6.51   60.4   0.19   NL
505052 E  -45/180 --------------------------------------------
45.4  46.9   1.5   3.50    4.9   0.10   SL
-------------------------------------------------------------------------
EP088     5503049 N
505052 E  -65/360  104.0 104.9   0.9   8.92    3.0   0.26   SL
-------------------------------------------------------------------------
EP089     5502999 N
505101 E  -45/360  111.0 114.0   3.0   1.60    9.8   0.05  SLB
-------------------------------------------------------------------------
21.0  40.0  19.0   2.43   62.3   0.07   SL
EP090     5503100 N          --------------------------------------------
including  504099 E  -45/360   21.0  29.0   8.0   5.06   26.2   0.15   SL
including                    --------------------------------------------
26.6  27.7   1.1  20.70    3.6   0.60   SL
-------------------------------------------------------------------------
EP091     5503180 N
505098 E  -45/180                       NSV
-------------------------------------------------------------------------
EP092     5503164 N
505149 E  -45/360                       NSV
-------------------------------------------------------------------------
EP093     5503001 N            51.0  53.0   2.0   5.30    6.6   0.15  SLC
504815 E  -45/360 --------------------------------------------
107.5 109.0   1.5   3.23    4.9   0.09   SL
-------------------------------------------------------------------------
EP094     5503124 N
505198 E  -45/360                       NSV
-------------------------------------------------------------------------
EP095     5503075 N
505198 E  -45/360                       NSV
-------------------------------------------------------------------------
EP096     5503024 N           115.5 118.5   3.0   1.56    9.8   0.05  SLB
505200 E  -45/360 --------------------------------------------
128.5 129.5   1.0  26.10    3.3   0.76   SL
-------------------------------------------------------------------------
109.0 110.5   1.5   7.19    4.9   0.21   SL
--------------------------------------------
118.2 120.7   2.5   3.80    8.2   0.11   NL
EP097     5503075 N          --------------------------------------------
504500 E  -45/360  154.5 161.4   6.9   1.49   22.6   0.04  NLB
--------------------------------------------
175.5 178.5   3.0  14.97    9.8   0.44  NLC
-------------------------------------------------------------------------
4.8   6.3   1.5   3.78    4.9   0.11  SLB
--------------------------------------------
38.5  40.0   1.5   6.64    4.9   0.19   SL
EP098     5503001 N          --------------------------------------------
including  504450 E  -50/360  211.9 251.9  40.0   1.13  131.2   0.03   NL
--------------------------------------------
241.0 245.1   4.1   3.06   13.4   0.09  NLC
-------------------------------------------------------------------------
EP099     5503030 N
504450 E  -50/338                       NSV
-------------------------------------------------------------------------
51.0  60.5   9.5  17.16   31.2   0.50  SLB
--------------------------------------------
115.5 118.5   3.0   1.96    9.8   0.06   SL
--------------------------------------------
EP100     5502970 N           152.0 154.5   2.5   8.20    8.2   0.24   NL
504450 E  -50/360 -------------------------------------------
175.0 179.5   4.5   7.94   14.8   0.23  NLB
--------------------------------------------
262.5 268.1   5.6   2.25   18.4   0.07  NLC
-------------------------------------------------------------------------

True widths estimated at approximately 70% of intersection widths

SP Zone
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>>

At Hardrock, the SP Zone was partially mined in the upper Levels of the mine with 264,354 tonnes (291,428 Tons) of ore mined at an average grade of 8.37g/t Au (0.244 oz/t). Intermittent historic drilling that tested the un-mined down-plunge extension of the SP Zone suggests thepotential to define mineralization over a plunge length of nearly 3.0kilometres (8,500 feet). The initial holes drilled have now intersected mineralization over a minimum plunge length of 500 metres where itremains open. Highlights include 6.60 g/t Au across 32.6 m and 6.63 g/tAu across 28.1 m within the SP Zone, and 36.22 g/t Au across 2.2 mwithin the HGV Zone.