Strategic Claims Acquired In Nevada

WINNEMUCCA, NV - Paramount Gold Nevada Corp. has completed the purchase of 152 unpatented lode claims (~3,100 acres) from South Sleeper Resources LLC. The claims are located only two miles south of Paramount’s wholly-owned former high-grade producing Sleeper Gold Mine. With the acquisition of the South Sleeper claims, Paramount has increased its total land position to over 40,000 acres in the prolific and highly prospective Sleeper district situated at the intersection of two major Nevada mining trends - the Battle Mountain-Eureka and Western Nevada Rift. The claims were formerly owned by several Nevada companies that collectively conducted numerous geophysical surveys and completed a total of 11 drill holes which intersected gold values up to 9.48 g/T over 3.05 meters (10 ft.) in alluvium. These drill results were never properly assessed or followed up.

CEO, Rachel Goldman, said, "This acquisition fits with our strategy of consolidating prospective targets near our material projects and applying our significant district knowledge of the geology to develop and execute successful exploration programs.”