Monday 24th October 2016

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Paramount reports Mexico Assays of 368.3 g/t silver, 0.94 g/t gold over 9.1m

Paramount Gold and Silver Corp PZG:CA announced results from the Veronica target of its San Miguel Project in the Palmarejo District of northwest Mexico. Assays include 99.2 g/t silver over 16.8 metres, 121.6 g/t silver over 3 metres, 47.6 g/t silver over 7.6 metres, 368.3 g/t silver and 0.94 g/t gold over 9.1 metres, 92.9 g/t silver over 45.7 metres, 52.6 g/t silver over 6.1 metres, 97.2 g/t silver over 3 metres and 30.4 g/t silver over 12.2 metres.

Paramount is the largest claim holder in the Palmarejo District. The San Miguel Project has an inferred mineral resource estimate of 17.7 million ounces silver and 406,001 ounces gold.

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Christopher Crupi

or Chris Theodossiou
Investor Relations

by Ted Niles

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