Paramount Gold Now Trading on Frankfurt Stock Exchange.

FRANKFURT, Germany -- Paramount Gold Mining Corp. (OTC:PGDP) is pleased to announce that its shares have been accepted for listing and is now trading on the Frankfurt Stock Exchange under the trading symbol "P6G" and the German Securities No. (WKN) AOHGKQ. Paramount is also pleased to announce that their web site has been translated to include the following new languages: German, French, Spanish, and Mandarin. www.paramountgold.com

"We decided to list our shares on the Frankfurt exchange due to the overwhelming interest we were getting all over Europe, from both private and institutional investors," stated Chris Crupi, President and CFO of Paramount. "European investors have a substantial appetite for investing in the precious metals sector, particularly companies with near-production projects where there is leverage to rising commodity prices plus the blue-sky potential of an aggressive exploration program that can significantly increase reserves. We believe this new avenue of distribution represents a great opportunity to broaden our shareholder base and increase liquidity."

The Frankfurt Stock Exchange, which offers fully electronic trading facilities, is the largest of eight German stock exchanges. It ranks amongst NYSE, Nasdaq, and London as one of the world's largest stock exchanges. For more information, on the Frankfurt Stock Exchange visit: www.exchange.de.

Paramount has also recently filed a 10-SB with the SEC to have its securities listed on the OTC BB, which will further increase the company's exposure with investors across North America.

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. The Company trades on the OTC market under the symbol "PGDP" and on the Frankfurt Exchange under the symbol "P6G". For more information, please visit the Company's web site at: www.paramountgold.com (now available in the following languages: English, German, French, Spanish, and Mandarin).