POO Submits With Federal Regulators For Proposed Grassy Mountain Gold Mine

WINNEMUCCA, NV - Paramount Gold Nevada Corp. has submitted an updated Plan of Operations to the Federal Bureau of Land Management (BLM) for the proposed Grassy Mountain Gold Mine in eastern Oregon. The Plan integrates all BLM comments related to the previous submission and defines the Company’s proposal to build and operate the high-grade underground gold mine. The submission reflects collaborative exchanges between the Company and the BLM over several meetings throughout this year to clarify and resolve outstanding issues, finalize additional geochemistry studies and include additional supporting documents to the plan as requested. All aspects related to changes to the plan were incorporated into the Company’s recently filed S-K 1300 Technical Report Summary on Feasibility Study (TRS).

Rachel Goldman, CEO, stated, “Even under the current high-cost inflationary environment, the Plan outlines a profitable operation creating significant value to the surrounding communities, job creation and ultimately increasing stockholder value.”

The BLM is expected to take 30 days to review the Plan for completeness, and if deemed complete, will register a Notice of Intent in the Federal Register. The registration notifies the public of the upcoming Environmental Impact Statement (“EIS”) under the National Environmental Policy Act.