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).