CORRECTION -- Paramount Gold Completes an Updated Technical Report Summary for the Sleeper Gold Project - Seite 3

RESPEC recommends the completion of a TRS Initial Assessment to test the preliminary project economics and if positive, recommends additional metallurgical testing and a 7,600-meter infill drill program to provide additional information related to geotechnical data, hydrology, improvements to resource reliability and confidence. RESPECs detailed recommendations, outlined in the Study, provide a clear path forward through to the completion of a Pre-Feasibility Study.

S-K 1300 is a Securities Exchange Commission ("SEC") requirement that requires registrants with material mining operations including those in the exploration and development stage to provide certain disclosures about its mining activities in its SEC filings.

Qualified Person Disclosure
The mineral resource estimate was completed and reviewed by a Qualified Person at RESPEC, and metallurgical inputs were given by a Qualified Person at Woods Process, who are independent of Paramount Gold Nevada Corp.

All the above-named Companies have reviewed and approved this news release.

To stay informed of future press releases, subscribe to our E-Alerts Program and to learn more about our projects visit the projects section of our website.

About Paramount Gold Nevada Corp.
Paramount Gold Nevada Corp. is a U.S. based precious metals exploration and development company. Paramount’s strategy is to create shareholder value through exploring and developing its mineral properties and to realize this value for its shareholders in three ways: by selling its assets to established producers; entering joint ventures with producers for construction and operation; or constructing and operating mines for its own account.

Paramount holds a 100% interest in four gold projects: Grassy Mountain; Frost; Sleeper and Bald Peak.

The Grassy Mountain Gold Project consists of approximately 8,200 acres located on private and BLM land in Malheur County, Oregon. The Grassy Mountain Gold Project contains a gold-silver deposit (100% located on private land) for which results of a positive Feasibility Study have been released and key permitting milestones accomplished.

Frost is comprised of 84 unpatented lode claims covering approximately 1,730 acres located 12 miles southwest of the Company’s proposed high-grade, underground Grassy Mountain gold mine in Malheur County, Oregon (“Grassy”).

The Sleeper Gold Project is located in Northern Nevada, the world’s premier mining jurisdiction. The Sleeper Gold Project, which includes the former producing Sleeper mine, totals 2,474 unpatented mining claims (approximately 44,917 acres).