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January 7, 2013
08:35 EDTPZGParamount Gold & Silver's Sleeper Gold Project extends mineralization
Paramount Gold and Silver announced that new core drilling on its 100%-owned Sleeper Gold Project in Nevada continues to expand both the PAD Zone discovered in 2011 and the prospective South Sleeper area. This drilling is part of an ongoing program to enhance the already robust economics of the project's recently completed Preliminary Economic Assessment released on September 13, 2012. The PEA predicts a 17 year operation with estimated average annual gold production of 172,000 ounces, a pre-tax NPV of $695M at a 5% discount rate and an IRR of 26.8%, all at a gold price of $1,384/oz.
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September 2, 2014
09:26 EDTPZGParamount Gold & Silver mobilizes four rigs to San Miguel project
Paramount Gold and Silver announced that it is mobilizing four core rigs to its 100%-owned San Miguel project in northern Mexico as part of a program to increase and upgrade resources and advance the gold-silver project to the pre-feasibility stage. Last month's new PEA estimated an Initial Capital requirement of $69M and low operating costs, resulting in exceptional economics including payback of Initial Capital in the third year of production. The PEA estimated average annual production of 55,000 ounces of gold and 2.8M ounces of silver for 17 years. Base Case Pre-Tax NPV was estimated at $472.6M with an IRR of 23.2% at a 5% Discount Rate and current metal prices. The PEA, released on August 25, was prepared by Metal Mining Consultants of Denver, Colorado incorporating a resource model developed by Mine Development Associates of Reno, Nevada. Note that the PEA incorporates inferred mineral resources which are considered to be too geologically speculative to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and, as such, do not have demonstrated economic viability. There can be no certainty that the estimates contained in the PEA will be realized.

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