SOURCE: Wall Street News Alert

September 30, 2005 09:52 ET

Hot Stocks to Watch: Emerging Public Company Acquires 2nd Advanced-Stage, Mining Property!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- September 30, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: Paramount Gold Mining Corp. (OTC: PGDP), Barrick Gold Corporation (NYSE: ABX), Goldcorp Inc. (NYSE: GG), Kinross Gold Corporation (NYSE: KGC).

Aggressive investors and day traders may also be watching Paramount Gold Mining Corp. (OTC: PGDP)! The company has issued a press release announcing that they have undertaken the necessary steps to acquire a second advanced-stage, mining property in one of the richest gold/silver districts in the world.

News of the progress could be welcomed by Paramount Gold investors, as the mining property (in the Yoquivo District of Mexico) lies within a 25km. radius from their originally acquired San Miguel property, which was first announced only 20 days ago!

Watch this company! Former Hecla Chief Geologist, and Paramount's current Manager of Exploration in Mexico, Mr. Bill Reed, commented; "San Miguel and Yoquivo now provide Paramount with two excellent exploration targets in one of the most prolific gold/silver belts in the world, the Sierra Madre Occidental in Mexico. I have personally reviewed the data on Yoquivo and encouraged Paramount to proceed with the acquisition. I look forward to commencing an aggressive work program on both properties shortly."

Investors should continue to monitor the progress of Paramount Gold Mining for further developments! Paramount stated that they have signed a Letter of Intent with Sydney Resource Corp. to acquire up to a 75% interest in the 2,854 hectare Yoquivo property located in the Yoquivo District, Chihuahua State, Mexico, subject to a 30-day due diligence period. See the company's press release for full details of the acquisition.

For updated in-depth coverage and a company profile of Paramount Gold Mining, visit

The stock closed yesterday at $1.41 a share.

In case you are not familiar with the company: Paramount Gold Mining Corp. is a precious metals exploration and development company. It is management's objective to grow Paramount into a significant gold and precious metals producer by developing the San Miguel and Yoquivo projects in Mexico, and by acquiring other advanced-stage projects and/or producing mines in the most prolific precious metal districts in the world.

Stocks showing interesting activity yesterday at the close of the regular trading day were: Barrick Gold Corporation (NYSE: ABX) up 1.5% on 3 million shares traded, Goldcorp Inc. (NYSE: GG) up 2.2% on 3.6 million shares traded, Kinross Gold Corporation (NYSE: KGC) up 2% on 1.9 million shares traded.


"Yesterday the markets rallied as stocks rose after having losses most of the past week; some analysts warn that this is only institutional investors, like mutual funds, buying before the third quarter close on Friday. Crude oil dropped slightly to $66.79 per barrel off by 44 cents," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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