Paramount Gold Experiences on Permitting Progress at Grassy Mountain With Oregon Point out Regulators

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WINNEMUCCA, Nev., March 22, 2021 (World NEWSWIRE) — Paramount Gold Nevada Corp. (NYSE American: PZG) introduced currently that the Wildlife Sources Baseline Knowledge Report (“BDR”) for the proposed superior-quality Grassy Mountain gold mine in Malheur County, Oregon (“Grassy”) has been approved by the Oregon Point out Complex Evaluate Crew (“TRT”).

Paramount CEO Rachel Goldman commented: “The acceptance of the Wildlife BDR is an incremental favourable for our allowing progress at Grassy. Following the acceptance of the tailings dam design and the receipt of the h2o use allow in 2020, the crew carries on to tackle the remaining products that will aid our target of getting all regulatory approvals needed to advance Grassy into procedure.”

The Wildlife BDR incorporates floor and airborne surveys cataloguing wildlife more than an expansive spot that consists of the task region, the obtain road and a buffer zone close to them.

To date, 20 baseline facts reviews have been approved by state regulators, and of individuals remaining the Ground H2o and the Geochemistry BDRs are envisioned to be submitted in advance of distributing the revised Consolidated Allow Software (“CPA”).

The effective completion of a beneficial NI 43-101 Feasibility Examine in September 2020 has supplied numerous vital inputs that will be bundled in the revised CPA and the amended Plan of Functions which the Organization anticipates publishing in the summer season of 2021.

About Paramount Gold Nevada Corp.

Paramount Gold Nevada Corp. is a U.S. primarily based important metals exploration and enhancement corporation. Paramount’s approach is to create shareholder benefit via discovering and acquiring its mineral attributes and to understand this price for its shareholders in 3 techniques: by offering its belongings to established producers coming into into joint ventures with producers for design and procedure or constructing and operating mines for its personal account.

Paramount owns 100% of the Grassy Mountain Gold Challenge which is made up of around 8,200 acres positioned on personal and BLM land in Malheur County, Oregon. The Grassy Mountain Gold Venture is made up of a gold-silver deposit (100% found on personal land) for which results of a positive Feasibility Research have been unveiled and important permitting milestones attained.

Paramount owns a 100% interest in the Sleeper Gold Undertaking located in Northern Nevada, the world’s leading mining jurisdiction. The Sleeper Gold Project, which features the previous producing Sleeper mine, totals 2,322 unpatented mining statements (close to 60 square miles or 15,500 hectares). The Sleeper gold task is host to a significant gold deposit (more than 4 million ounces of mineralized product) and the Business has done and unveiled a good Preliminary Financial Assessment. With increased gold selling prices, Paramount has begun work to update and increase the economics of the Sleeper project.

Protected Harbor for Forward-Seeking Statements

This launch and relevant documents may perhaps include things like “forward-wanting statements” and “forward-seeking information” (collectively, “forward-looking statements”) pursuant to relevant United States and Canadian securities regulations. Paramount’s long run expectations, beliefs, plans, plans or potential clients represent forward-hunting statements in just the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable securities guidelines. Words this kind of as “believes,” “designs,” “anticipates,” “expects,” “estimates” and comparable expressions are supposed to identify forward-hunting statements, whilst these words may well not be existing in all ahead-hunting statements. Forward-hunting statements integrated in this information release involve, with no limitation, statements with respect to the use of proceeds from the Choices. Ahead-wanting statements are based on the reasonable assumptions, estimates, analyses and thoughts of administration designed in light-weight of its encounter and its notion of tendencies, recent problems and predicted developments, as properly as other factors that management thinks to be applicable and reasonable in the conditions at the day that such statements are designed, but which might confirm to be incorrect. Management thinks that the assumptions and anticipations reflected in these types of ahead-hunting statements are fair. Assumptions have been manufactured pertaining to, among other items: the conclusions manufactured in the feasibility research for the Grassy Mountain Gold Task (the “FS”) the quantity and quality of resources incorporated in useful resource estimates the precision and achievability of projections incorporated in the FS Paramount’s means to carry on exploration and enhancement activities, which include design the timely receipt of needed approvals and permits the selling price of silver, gold and other metals costs for crucial mining provides, which includes labor fees and consumables, remaining regular with recent anticipations do the job meeting expectations and becoming reliable with estimates and plant, machines and processes running as expected. There are a variety of crucial things that could trigger actual success or occasions to differ materially from those indicated by this sort of ahead-looking statements, like, but not confined to: uncertainties involving interpretation of drilling benefits environmental issues the capacity to attain expected permitting machines breakdown or disruptions extra financing needs the completion of a definitive feasibility review for the Grassy Mountain Gold Venture discrepancies among true and believed mineral reserves and mineral methods, in between real and approximated progress and running expenditures and between estimated and genuine creation the world-wide epidemics, pandemics, or other public wellness crises, like the novel coronavirus (COVID-19) global wellbeing pandemic, and the distribute of other viruses or pathogens and the other components described in Paramount’s disclosures as submitted with the SEC and the Ontario, British Columbia and Alberta Securities Commissions.

Other than as essential by relevant law, Paramount disclaims any intention or obligation to update any forward-hunting statements as a end result of developments developing after the day of this document.

Paramount Gold Nevada Corp. Rachel Goldman, Main Government OfficerChristos Theodossiou, Director of Company Communications866-481-2233Twitter: @ParamountNV

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Resource: Paramount Gold Nevada Corp.