CORRECTION -- Paramount Gold Completes an Updated Technical Report Summary for the Sleeper Gold Project - Seite 2

The new resource model based on the verified database increased total gold resources from 2.4 million ounces to 3.1 million ounces and improved the confidence level by upgrading 60% or 1.9 million ounces of total gold resources to the measured and indicated categories from inferred resources in the TRS filed in September of 2022.

Mineral Resources

Category	Tonnes (000’s)	Au (g/T)	Au (000’s oz)	Ag (g/T)	Ag (000’s oz)
Measured	4,902	0.537	85	3.61	570
Indicated	158,337	0.356	1,812	4.06	20,661
Inferred	119,909	0.315	1,214	2.45	9,454

Notes:

• The estimate of mineral resources was done by RESPEC in metric tonnes.
• Mineral Resources comprised all model blocks at a 0.14 g Au/t cut-off for Oxide and Mixed, 0.17 g Au/t for Sulfide within an optimized pit and 0.14 g Au/t for dumps.
• The average grades of the Mineral Resources are comprised of the weighted average of Oxide, Mixed, Sulfide, and dumps mineral resources. Alluvium mineralized materials are not included in the mineral resources.
• Mineral Resources within the optimized pit are block-diluted tabulations. Dumps mineral resources are undiluted tabulations.
• Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
• Mineral Resources potentially amenable to open pit mining methods are reported using a gold price of US$1,800/oz, a silver price ofUS$22/oz, a throughput rate of 30,000 tonnes/day, assumed metallurgical recoveries of 84.6% for Au and 52.3% for Ag, mining costs of US$2.40/tonne mined, heap leach processing costs of US$3.08/tonne processed, floatation with bio-oxidation processing costs of US$8.52/tonne processed, general and administrative costs of $0.46/tonne processed. Gold and silver commodity prices were selected based on analysis of the three-year running average at the end of July 2023.
• The effective date of the estimate is June 30, 2023.
• Rounding may result in apparent discrepancies between tonnes, grade, and contained metal content.

Source: (As Filed) S-K 1300 Technical Report Summary Initial Assessment