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Thursday, 06/21/2012 8:10:55 AM

Thursday, June 21, 2012 8:10:55 AM

Post# of 35740
07:01 PZG: Paramount Gold and Silver discovers continuity of high silver values between San Antonio and La Veronica on its San Miguel Project (2.40)
Co reported that results from four new shallow core holes on its 100%-owned San Miguel Project in Mexico confirm the continuity of mineralization along the 7.5 km. long Guazapares Megastructure. These holes were drilled into the 1.2 km untested gap separating the San Antonio and La Veronica deposits. The results demonstrate that San Miguel's Guazapares is one of the longest continuously mineralized structures in the Sierra Madre Metallogenic Belt. Paramount will continue to drill these areas on a more systematic pattern to define and model the mineralization.

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