Paramount Gold and Silver Corp. Receives Listing Approval for SpinCo on the NYSE MKT

WINNEMUCCA, NEVADA--(Marketwired - April 9, 2015) - Paramount Gold and Silver Corp. (NYSE MKT:PZG)(TSX:PZG) ("Paramount" or the "Company") announced today that its wholly-owned subsidiary Paramount Gold Nevada Corp. ("SpinCo" or "Paramount Gold Nevada") has received approval from NYSE Regulation, Inc. for listing of Paramount Gold Nevada on the NYSE MKT (the "Exchange"), subject to SpinCo being in compliance with all listing standards on the date it begins trading on the Exchange.

Paramount intends to spin-off of Paramount Gold Nevada as a separate, publicly traded company in connection with the previously announced merger (the "merger") of Paramount and Coeur Mining, Inc. ("Coeur") (NYSE:CDE). Paramount stockholders of record at the close of business on April 14, 2015 will be entitled to receive one share of common stock of SpinCo for every 20 shares of Paramount common stock held by such stockholder, payable or issuable upon the closing of the merger, provided that they continue to hold their Paramount shares at the time of closing of the merger. Cash will be paid in lieu of issuing fractional shares of stock.

"When-issued" trading for SpinCo common stock is expected to begin on April 10, 2015. "When-issued" trading refers to a sale or purchase made conditionally because the stock has been authorized but not yet issued. On April 20, 2015, "regular-way" trading is expected to commence in SpinCo common stock on the NYSE MKT LLC under the symbol "PZG". Cantor Fitzgerald & Co. has been engaged as financial advisor to Paramount Gold Nevada Corp. in this regard.

Paramount Gold Nevada will have approximately 8.5 million shares of common stock issued and outstanding when trading is expected to commence on the NYSE MKT on April 20, 2015 under the ticker "PZG". The company will be capitalized with approximately $10 million in cash (less transactional expenses) and no debt.

The merger is anticipated to become effective on April 17, 2015. The merger is subject to the approval of the stockholders of Paramount and Coeur, as applicable, and other customary closing conditions as set forth in the merger agreement that was previously filed under Form 8-K on December 18, 2014, as amended by Amendment No.1 dated as of March 3, 2015. 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.