Paramount Gold Provides Permitting Update For Its Proposed High Grade Underground Grassy Mountain Gold Mine

Permitting Progresses at All Levels of Government

 Source: Paramount Gold Nevada Corp.

WINNEMUCCA, Nev., June 28, 2023 (GLOBE NEWSWIRE) — Paramount Gold Nevada Corp. (NYSE American: PZG) (“Paramount” or the “Company”) announced today that it has received approval for a two-year extension of its Conditional Use Permit during a public meeting of the Malheur County Planning Department held on June 22^nd.

The Company is also pleased to report that it has submitted all responses and additional information requested by Oregon State permitting agencies which they require to determine if the Company’s Consolidated Permit Application (“CPA”) is complete. These submissions address aspects of the CPA that the State deemed necessary to advance to the Notice to Proceed (the “Notice”) stage of the permitting process. The Notice initiates the 225 days of draft permit writing by State Agencies and a final Environmental Evaluation (“EE”). Earlier this year, the EE, led by Stantec, a globally renowned third-party environmental engineering firm, commenced in advance of the Notice to help ensure the timing of the State process is aligned with the federal Environmental Impact Statement (“EIS”) process.