Premier Energy Acquires Majority Interest in Russian Oil and Gas Operations Page 1 of 1

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Premier Energy Acquires Majority Interest in Russian Oil
and Gas Operations
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DALLAS--(BUSINESS WIRE)--Premier Energy Corp. (OTCBB: PNRC) announced
today that it has acquired a majority interest in Karbon CJSC, which is engaged in the
business of producing oil and gas from the North-Kopanskoye Oilfield, exploring and, if
warranted, developing new commercial reserves of oil and gas. As consideration for
the acquisition, the Company issued 107,406,000 shares of common stock.

Concurrent with the acquisition of the majority interest in Karbon, Alexey Goleshev,
Bosko Popovic and Aslanbi Kodzokov joined Dr. Anton Prodanovic and Michael Yuster
as executive officers and directors of the Company.

The Company filed a Form 8-K on February 2, 2009 disclosing the transaction and
then amended such Form 8-K on February 27, 2009 to include financial statements for
Karbon for the year ended December 31, 2008. The amended Form 8-K with the
December 31, 2008 Karbon financial statements can be found at the following link
http://www.sec.gov/Archives/edgar/data/1408095/000101376209000328/form8ka.htm.

Certain information included in this press release and Company filings (collectively,
SEC Filings) under the Securities Act of 1933, as amended, and the Securities
Exchange Act of 1934, as amended (as well as information communicated orally or in
writing between the dates of such SEC filings) contains or may contain forward looking
information that 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.

Contacts
Premier Energy Corp.
Dr. Anton Prodanovic, 214-208-3283
Anton.pro@gmail.com

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