Paramount Gold Adds Key Geologist with Past Experience and Success at San Miguel Project in Mexico to Management Team.

OTTAWA -- Paramount Gold Mining Corp. (OTC:PGDP) announced today that John Powell Simons has joined the management team as a Senior Advisor. Mr. Simons is a well respected geologist who has had considerable experience and success drilling multiple concessions on the San Miguel project, Paramount's flagship property, in the 1970's.

View interview with John Simons talking about the San Miguel Project: http://pgdp.haynescapital.com/pgdp/interview.cfm

Commenting on the appointment, Chris Crupi, President and CFO, stated, "Paramount is committed to building a strong, experienced and results-oriented team of mining professionals. The addition of Mr. Simons adds incredibly to that objective, and complements our mining team comprised of Mr. Bill Reed, manager of exploration, Mexico and Mr. Alain Vachon, our manager of exploration, South America. In particular his experience from leading past exploration programs at San Miguel, our flagship project, and other properties in the surrounding area will be of great benefit to our current exploration efforts as we prepare a comprehensive drill program on 3 significant targets."

John Simons obtained a B.S. Mining Engineer from Mackay School of Mines, University of Nevada, Reno in 1948 and is also a graduate of courses in mining geology from the University of California, Berkeley California. He is a Registered Professional Geologist from Wyoming with more than fifty years experience in mineral exploration, mineral property evaluation, and development. His experience includes the business and legal aspects of exploration and mineral development, particularly in the western United States and Mexico.

Currently Mr. Simons is President, Simons Associates, Inc., Mineral Consultants and is a Member of the Advisory Board: Wyoming State Geological Survey. He is a partner in a number of Private Corporations that own developed mining deposits and producing mines in Mexico and the western United States.

Previous to this his past experience includes Senior Mining Geologist, Union Pacific Corp., Natural Resources Division, Laramie, as Mining Geologist, Southern Pacific Land Co. San Francisco, CA and Mining Engineer, Kennecott Copper Corporation. He conducted mineral exploration and training of geologists in a joint venture of the United Nations and the CNNR of Mexico (Mexican Geological Survey). In 1964, Mr. Simons, together with a young CNNR geochemist, Jose Luis Lee, initiated exploratory work at an undeveloped prospect which later became the La Caridad copper-molybdenum deposit, now the largest mining and smelting operation in Mexico, with more than 4000 employees.

About Paramount Gold

Paramount Gold Mining Corp. is a precious metals exploration and development company. It is management's objective to grow Paramount into a significant gold and precious metals producer by developing the San Miguel and Linda projects in Mexico and Peru, and by acquiring other advanced-stage projects and/or producing mines in the most prolific precious metal districts in the world. For more information, please visit the Company's web site at: www.paramountgold.com (now available in both English and German).