Premier Sells Two Royalties to Franco-Nevada for $6 million

THUNDER BAY, September 25, 2019 – Premier Gold Mines Limited (“Premier”) (TSX:PG) (US:PIRGF) is pleased to announce that it has sold a package of net smelter return (“NSR”) royalties to Franco-Nevada Corporation (TSX:FNV)(NYSE:FNV) for total gross proceeds of US$6 million.

The package consists of a 2% NSR on the PQ North Property, adjoining the Musselwhite Mine in Northwestern Ontario, and a 1.5% NSR on the Rain/Emigrant and Saddle Properties located in Nevada.

Premier Gold Mines Limited is a gold-producer with a respected exploration and development pipeline of high-quality precious metal projects in proven, accessible and safe mining jurisdictions in Canada, the United States, and Mexico. Premier remains focused on creating a low-cost, mid-tier gold producer through its two producing gold mines, South Arturo and Mercedes, as well as mine development opportunities at McCoy-Cove in Nevada and Greenstone Gold in Ontario.