Opes Capital

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ZYL LIMITED

Company Announcement: ZYL appoints new directors 

Perth-based emerging metallurgical coal producer, ZYL Limited has appointed two South African-based Executive Directors.

By: Creamer Media Reporter

Premium Exploration Reviews Chrome Mountain PGM+Cu+Ni Property, Montana, USA

http://opescapitalinc.com/?p=166

September 27, 2011, Vancouver, British Columbia:  Premium Exploration Inc. (TSX-V:PEM, OTCQX:PMMEF) (”Premium” or “the Company”) has initiated a property review of the Chrome Mountain Platinum Group Metals (“PGM”) Project located within the Stillwater Complex, Montana, USA.

The Company has retained 100% ownership of Chrome Mountain after the expiry of a joint venture with its previous partner Beartooth Platinum Corp.

 In light of a strong long-term outlook for platinum, palladium, rhodium, and base metals, Premium is re-evaluating the Chrome Mountain Property and reviewing strategic alternatives for optimizing shareholder value while focusing on the successful exploration and development of its district-sized Idaho Gold Project.

The review and positioning of the property includes work highlighted below: 

• Claim status
• Plan of Operations for drilling
• Limited program of geological mapping, prospecting, and soil sampling program

 About Chrome Mountain

The Chrome Mountain project is a bulk tonnage platinum, palladium, rhodium, copper, and nickel target located approximately 1.0 km from the East Boulder Mine within the Stillwater Complex in Montana USA. The East Boulder mine is one of two mines in operation by the Stillwater Mining Company; the only primary PGM producer in North America mining the one of the highest grade PGM deposits in the world.

Limited drilling in 2007 on a 2.5 km x 1.0 km PGM-in-soil anomaly encountered high-grade reef style PGM mineralization associated with the AB Chromitite horizon within a thick envelope of previously un-encountered lower grade “disseminated” style of PGM mineralization. The disseminated mineralization appears to be similar to the Platreef style of mineralization found in South Africa

The AB Chromitite horizon is parallel to the richest PGM reef in the world; the JM Reef, which averages 15 – 21 g/t PGM and is mined by Stillwater Mining Company. The AB Chromitites are thought to model UG2 style of PGM mineralization found in South Africa.

Chrome Mountain is unique as it has the potential to develop into a source of PGM’s in a North American district.

Qualified Person

Mr. Michael Ostenson, P.Geo., VP Exploration of Premium Exploration Inc., prepared, and approves of the content in this release. Mr. Ostenson is a Qualified Person as defined by NI 43-101.