Paramount Gold and Silver Corp. Provides SpinCo and Merger Update - Seite 2

Paramount stockholders of record at the close of business on February 24, 2015 have been mailed the Notice of Meeting and Joint Proxy Statement/Prospectus and are entitled to vote on the acquisition of Paramount by Coeur and related proposals at the special meeting of the stockholders which will be held on April 17, 2015 at 10:00a.m. Eastern Time at The Westin Hotel, 321 North Fort Lauderdale Beach Boulevard., Ft Lauderdale, Florida.

Conditions to Merger and Distribution

The merger and distribution are subject to the approval of the stockholders of Paramount and Coeur, as applicable, and other customary closing conditions as set forth in the Agreement and Plan of Merger previously filed on December 18, 2014 (as amended by Amendment No.1 dated as of March 3, 2015, the "merger agreement"). If Paramount stockholders or Coeur stockholders do not approve the merger or if the other conditions to the merger are not satisfied or waived, Paramount will not be required to complete the distribution of SpinCo common stock.

About Paramount

Paramount is a U.S.-based exploration and development company with multi-million ounce advanced stage precious metals projects in northern Mexico (San Miguel) and Nevada (Sleeper).

The San Miguel Project consists of over 100,000 hectares (over 247,000 acres) in the Palmarejo District of northwest Mexico, making Paramount the largest claim holder in this rapidly growing precious metals mining camp. The San Miguel Project is ideally situated near established, low cost production where the infrastructure already exists for early, cost-effective exploitation. The San Miguel Project does not contain any known reserves and any planned drilling program is exploratory in nature.

The Sleeper Gold Project is located off a main highway about 25 miles from the town of Winnemucca. In 2010, Paramount acquired a 100% interest in the project including the original Sleeper high-grade open pit mine operated by Amax Gold from 1986 to 1996 as well as staked and purchased lands now totaling 2,570 claims and covering about 47,500 acres stretch south down trend to Newmont's Sandman project. This acquisition is consistent with the Company's strategy of district-scale exploration near infrastructure in established mining camps. The Sleeper Gold Project does not contain any known reserves and any planned drilling program is exploratory in nature.