Permitting Update For Proposed High Grade Underground Grassy Mountain Gold Mine

WINNEMUCCA, NV - Paramount Gold Nevada Corp. has received approval for a two-year extension of its Conditional Use Permit during a public meeting of the Malheur County Planning Department. The Company is also pleased to report that it has submitted all responses and additional information requested by Oregon State permitting agencies which they require to determine if the Company’s Consolidated Permit Application (CPA) is complete. These submissions address aspects of the CPA that the State deemed necessary to advance to the Notice to Proceed stage of the permitting process. The Notice initiates the 225 days of draft permit writing by State Agencies and a final Environmental Evaluation (EE). Earlier this year, the EE, led by Stantec commenced in advance of the Notice to help ensure the timing of the State process is aligned with the federal Environmental Impact Statement (EIS) process.

President and COO, Glen van Treek, said, “The State having initiated the Environmental Evaluation with Stantec prior to a Notice to Proceed demonstrates that we are nearing the end of finalizing the CPA documentation and proceeding to the draft permit writing stage of the process.”