SOURCE: Wall Street News Alert

October 13, 2005 09:48 ET

Wall Street News Alert: Hot Stock Alert Issued on PGDP! October 13, 2005

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

WESTON, FL -- (MARKET WIRE) -- October 13, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: Paramount Gold Mining Corporation (OTC: PGDP), Ford Motor Co. (NYSE: F), Diamonds Trust (AMEX: DIA) and The Oil Services Trust (AMEX: OIH).

Once again, aggressive investors and day traders may be taking a look at Paramount Gold Mining Corp. (OTC: PGDP)! The company has issued a press release announcing that it, and its newly formed Peruvian subsidiary, Compania Minera Paramount SAC, have signed a Letter of Intent with Minera ABX Exploraciones S.A. ("Minera ABX"), a subsidiary of Barrick Gold Corporation, in order to acquire a minimum 51% interest in the Linda property, located in the Department of Ayacucho, South Peru.

News of the company's intentions could be welcomed by Paramount Gold investors, as the this acquisition represents Paramount Gold's first South American venture since their trading as a public company commenced only four weeks ago!

Mr. Alain Vachon, newly appointed Manager of Exploration for Paramount Gold, South American division, comments: "The Linda property partnership represents a golden opportunity for Paramount to gain a very attractive property with substantial potential. I recognize the great potential this holds and look forward to the commencement of a work program that will start shortly, including the first 2000 meters of drilling."

Watch this company! Paramount's President and CFO, Mr. Chris Crupi (former VP of Pricewaterhouse Cooper) also commented, "This is a major milestone for Paramount as we position the company to become a significant player in the mining industry. We are very pleased that Minera ABX has agreed on the terms of our proposal."

Investors should continue to monitor the progress of Paramount Gold Mining for further developments! For details concerning the agreement and specifics about the property and its discovery potential, see the company's press release.

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

The stock closed yesterday at $1.03 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: Ford Motor Co. (NYSE: F) down 0.3% on 26.9 million shares traded, Diamonds Trust (AMEX: DIA) down 0.4% on 16.9 million shares traded and The Oil Services Trust (AMEX: OIH) down 1.5% on 7.5 million shares traded.


"Fed Chairman Greenspan, speaking in the Orient, had some positive comments on the U.S. economy stating that economic policy in the last 20 years has made the economy flexible and thus able to absorb the shock waves it has faced so far this year, however, inflation is still the big threat and he sees this as his main responsibility. Keeping inflation at bay, as we have learned, is added by rises in interest rates," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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