Two Critical Baseline Data Reports Approved For Proposed High-Grade Grassy Mountain Gold Mine

WINNEMUCCA, NV - Paramount Gold Nevada Corp. reported that the permitting process cleared another major hurdle with the approval of the two most critical Baseline Data Reports (“BDRs”) related to key environmental aspects of its proposed Grassy Mountain high-grade underground gold mine, Ground Water and Geochemistry.

President and COO, Glen Van Treek stated, “With the approval of these BDRs, the DOGAMI and all other participating agencies will shift focus to completing their review of the Company’s most recent Consolidated Permit Application (“CPA”) to determine completeness, which is a key step in the approval process. The Company continues to work collaboratively with all state agencies to ensure a complete application. Once the CPA is deemed complete the state will initiate the Environmental Assessment, which incorporates all the 22 pre-approved BDRs plus the Cultural Resource Report, and will direct the permitting agencies to write draft permits.”