Paramount Gold and Silver Corp.
FRANKFURT : WKN:A0HGK
TSX : PZG
NYSE Amex : PZG

Paramount Gold and Silver Corp.

December 16, 2009 23:00 ET

Paramount Gold and Silver Canadian Exploration Update

OTTAWA, CANADA--(Marketwire - Dec. 16, 2009) - Paramount Gold and Silver Corp. ("Paramount Gold") (NYSE Amex:PZG)(TSX:PZG) (FRANKFURT:P6G) has entered into an earn in option agreement with SNS Silver Corporation (TSX VENTURE:SNS) where Paramount has the sole and exclusive right and option to earn up to 30% of SNS's interest in the Emerald Lake Gold project by spending and incurring exploration expenditure on the claims of C$1.4 Million.

Paramount has decided not to move forward with their Vidette Lake project near Kamloops, BC. This new agreement with SNS will satisfy Paramounts flow through obligations for 2009.

Contact Information

  • Paramount Gold and Silver Corp.
    Christopher Crupi, CEO
    866-481-2233 / 613-226-9881
    or
    Paramount Gold and Silver Corp.
    Charles W Reed, VP Exploration
    866-481-2233 / 613-226-9881
    or
    Paramount Gold and Silver Corp.
    Chris Theodossiou, Investor Relations
    866-481-2233 / 613-226-9881