Drill Program Initiated At Frost Project In Eastern Oregon

WINNEMUCCA, NV - Paramount Gold Nevada Corp. has initiated a drill program at the Frost project located 12 miles southwest of the Company’s high-grade Grassy Mountain gold project in Eastern Oregon. All required permits from State and Federal authorities to drill its Frost property in April.

President and COO, Glen van Treek, said, “We are extremely excited to drill Frost. Discovering a deposit so close to our proposed mine would extend mine life and substantially improve overall project economics. We have carefully assembled a strong set of data confirming the key characteristics we would like to see in a drill target and the structures have the potential size to host a significant addition to reserves.”

The short 12-mile distance between Frost and the Company’s proposed Grassy Mountain gold mine presents a significant opportunity to increase mine life as economic mineralized material would be trucked as mill feed to the Grassy processing facility.