Paramax Resources Ltd.
TSX VENTURE : PXM

Paramax Resources Ltd.

April 25, 2012 09:00 ET

Paramax Completes Share Consolidation

CALGARY, ALBERTA--(Marketwire - April 25, 2012) - Paramax Resources Ltd. ("Paramax" or the "Corporation") (TSX VENTURE:PXM) nnounces that it has completed a consolidation of its common shares on the basis of one (1) new post-consolidation common share for every ten (10) pre-consolidated common shares. Paramax's common shares are expected to begin trading on a post-consolidation basis on the TSX Venture Exchange when markets open on April 26, 2012.

The 130,425,200 common shares of the Corporation outstanding will be reduced to approximately 13,042,520 common shares, as approved by shareholders at the Corporation's annual and special meeting held on March 30, 2012. No fractional shares will be issued. Any fractions of a share will be rounded to the nearest whole number of common shares. The Corporation's name and trading symbol will remain unchanged.

Paramax continues to review and consider business opportunities in the energy sector and will provide further information as soon as possible.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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