Paramount Gold Mining Corp.
FRANKFURT : P6G
AMEX : PZG

Paramount Gold Mining Corp.

August 22, 2007 08:30 ET

Paramount Gold Appoints Ian Talbot to the Board of Directors

OTTAWA, ONTARIO--(Marketwire - Aug. 22, 2007) - Paramount Gold Mining Corp. (AMEX:PZG)(FRANKFURT:P6G)(WKN:A0HGKQ) is pleased to announce that Ian Talbot has been appointed to the Board of Directors. Mr. Talbot will sit as an independent board member in accordance with US and Canadian corporate governance and securities requirements. Commenting on the appointment, Christopher Crupi, CEO, stated, "The appointment of Ian to Paramount's Board of Directors continues our commitment to building a strong, experienced and results-oriented team of financial and mining professionals."

Mr. Talbot is a lawyer and geologist with significant experience in both mining and exploration stage companies. He is the founder and CEO of Arcus Development Group Inc., a junior exploration mining company founded in 2006. He also currently serves as a director of Rimfire Minerals Corporation. Since 2006, he has served as associate legal counsel for Morton & Company in Vancouver, Canada. Mr. Talbot also worked for BHP Billiton World Exploration Inc. both as legal counsel and commercial manager, where he was responsible for mineral property transactions. Prior to joining BHP Billiton, Mr. Talbot was a practicing lawyer concentrating in corporate and securities matters for both public and private companies.

Mr. Talbot received his Bachelor of Laws degree from the University of British Columbia in 1989 and received a Bachelor of Science (geology) from Brandon University in 1984.

About Paramount Gold

Paramount Gold is listed on the AMEX under the symbol PZG and on the Frankfurt Stock Exchange under the symbol P6G (WKN:A0HGKQ). Paramount Gold is a precious metals mining exploration company, presently in the early stages of an extensive exploration program at their San Miguel project in the Sierra Madre, Temoris mining district of Mexico. Paramount has completed 15,000 meters of drilling, totaling 98 drill holes on the project with results pending on the last 25 of these holes. In early 2007, Paramount began a 50,000 meter drill program, of which 8,000 meters have been completed to date. In March 2007, Paramount completed a $21.8 million financing which is being utilized to develop their San Miguel project and other opportunities.

"Safe-Harbor" Statement: This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company may not be realized. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially.

Contact Information

  • Paramount Gold Mining Corp.
    Christopher Crupi
    CEO
    613-226-9881 or Toll-free: 1-866-481-2233
    or
    Paramount Gold Mining Corp.
    Chris Halkai
    Corporate Relations
    613-226-9881 or Toll-free: 1-866-481-2233