Premier Energy Corp. announced today its planned activities in Russia in the year 2009. Premier Energy Corporation is U.S. oil based international gas company with its current operations through its majority-owned subsidiary in Russia, CJSC Karbon. Karbon has exploration and production license and operates the North-Kopanskoye oil fields in the Volga and Ural, Orenburg and near the border with Kazakhstan.

The basin of the Volga and the Urals, the second most prolific premier oil province in Russia, has been substantially explored and exhausted by the major Russian oil companies since 1960. The basin has a well established infrastructure and oil production of tradition, including the existing pipelines and refineries, oilfield equipment and services available. The smaller regional development people have been looking recently and do not stay away for the oil-gas fields with significant potential to offset the production of disappearing.

The North-Kopanskoye is a field. In the past 2 years, Karbon Rosnedra has obtained support for the Development of Field Base and the environment, including the acceptance of standards developed SibNIINP waste Rosteknadzor adoption of technological and emission rates of air pollutants. Karbon has drilled and completed a development well, put into production in the year 2007. Prime Minister of Energy and Karbon have an organization that works with Russian and Western experience, expertise and technology, including knowledge of countries with direct access to specialists and operational organizations.

Below mentioned are some of the timely completions of planned activities of the premier energy corp.:

• Service companies and Russian Almaz ServiceNefteGaz to start work mid-May over four existing wells to enhance premier oil production rates.

• Companies from Russia OBK (Orenburg Drilling Company) and Orenburg Oil and the “Gas Exploration Drilling Company” (ONBK) to mobilize in mid-May for drilling and complete three new development wells.

• American Geophysical Company Ltd paradigm to initiate 3-D seismic in late May to refine the geological data, increase the reserves as well as appoint more drill sites.

The Karbon holds an export pipeline tied to the trunk two kilometers Gazpromneft-line will allow the pipeline transportation of the entire North Kopanskoye oil production.
premier energy corp., during the majority-owned subsidiary in Russia, ZAO Karbon, is engaged in the business of producing oil and gas from the North-Kopanskoye Oilfield, exploring and, where appropriate, the development of new commercial oil stocks and gas.

Certain information included in this press release and presentation of the Company (hereinafter, SEC Filings) under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended and according to the information that are communicated orally between the dates of the SEC filings may contain or contains forward-looking information is subject to certain risks, trends and uncertainties regarding the Company's ability to raise capital and international, national and local economic conditions described from time to time in our filings with the Securities and Exchange Commission.

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