Paramount Gold is a U.S. based exploration and development company with multi-million ounce advanced stage precious metals projects in Nevada [Sleeper] and northern Mexico [San Miguel]. Fully funded programs are now in progress at these two core projects which are expected to generate substantial additions to resources in 2011 and 2012. Engineering studies are also scheduled for completion in 2012 to define a development path and economic valuation for each project.

At Paramount, we believe the "sweet spot" for creating shareholder value in the gold mining business is between discovery and production….by growing existing resources, designing economic operations and joint-venturing them with established producers. That's the Paramount formula and you can see it at work on our Sleeper and San Miguel projects where, in the shadow of successful producers, discoveries have been made and resources are growing rapidly.