Continued Permitting Progress For Grassy Mountain Gold Mine

WINNEMUCCA, NV - Paramount Gold Nevada Corp. has received acceptance for the Surface Water Baseline Data Report (“BDR”) from the State Technical Review Team (TRT) for its proposed, underground Grassy Mountain gold project in Malheur County, Oregon.

Paramount CEO, Glen van Treek said, “This BDR acceptance, combined with the other sixteen previously accepted, and the recent filing of the Conditional Use Permit with Malheur County, further supports the positive momentum we have achieved with the Oregon regulators. We are well underway with the permitting process and are confident we are proceeding on the path towards approval for Grassy Mountain.”

The Surface Water BDR was completed by SPF Water Engineering and characterizes the baseline surface water conditions within the study area defined in the Environmental Baseline Study Work Plan which was approved by the TRT in September of 2017. This BDR report was reviewed and accepted by the TRT, including the following Oregon State agencies: Oregon Department of Geology and Mineral Industries, Oregon Department of Environmental Quality; Oregon Water Resources Department; and Oregon Department of Fish and Wildlife.

The company’s address is 665 Anderson St., Winnemucca, NV 89445, (866) 481-2233, www.paramountnevada.com.