Tara Gold Resources (fka TRGD)

[Sam Dan]

Paramount Gold and Silver Corp. (TSX: PZG)(AMEX: PZG) (Frankfurt:P6G)(WKN: A0HGKQ) - Christopher Crupi, CEO, is pleased to announce that today Paramount has responded to inquiries from the American Stock Exchange and the SEC regarding the temporary trading halt in the USA. Paramount disputes all allegations made in the SEC order. Management is working expeditiously to resolve the matter to the satisfaction of all regulatory bodies.

Trading of PZG common stock continues on the Toronto Stock Exchange. Business operations continue in the ordinary course as the San Miguel project in Mexico continues to be developed into a producing resource.

The investor call is scheduled for 1:15 pm EDT on Tuesday March 18, 2008 (see press release http://www.paramountgold.com/news/press_release.asp?ID=100103 from Thursday, March 13th, 2008 for call details).