Paramount Gold Nevada Corp. filed its S-K 1300 Technical Report Summary on the Feasibility Study (“FS” or the “Study”) for its 100% owned, proposed high-grade gold mine, to be located at Grassy Mountain in Malheur County, Oregon (the “Project”). S-K 1300 is anewSEC requirement for US mining projects which allows the disclosure of Mineral Reserves and Resources.

The Project is in advanced stages of permitting, with the county permit in hand, and all baseline data reports approved by Oregon State regulators. The Project is in the final stages of the review process with both State and Federal regulators. The proposed underground mine plan envisions a small surface footprint and is expected to generate substantial cash-flows over the life of mine.

The mine plan was developed using a drift and fill underhand mining methodology. A cut-off grade of 0.1 oz/ton (3.43 g/T) gold equivalent was used to define economic stopes. Ore processing from the upper portion of the mine is expected to commence concurrently with the completion of the processing plant and infrastructure.

Following ramp up, the mine is expected to produce an average of 1,300 to 1,400 tons per day, 4 days a week, which would provide enough material for the 750 ton per day mill and an enclosed Carbon in Leach (“CIL”) processing plant to operate at full capacity for 7 days a week. This Study encompasses new vendor quotes reflecting the current inflationary environment. Of utmost importance, this Study incorporates all modifications requested by State and Federal regulators in the completeness reviews of both the Consolidated Permit Application and the Plan of Operation, which have now been finalized.

The highlights of the S-K 1300 Technical Report Summary on the Feasibility Study in the base case scenario are as follows: Initial 8-year mine life producing 362,000 ounces of gold and 425,000 ounces silver; Annual average production of 47,000 ounces of gold and 55,000 ounces of silver; Mill head grade of 0.19 oz/ton (6.5 g/T) gold and 0.28 oz/ton (9.6 g/T) of silver; After-tax IRR of 22.5% and NPV5% of $114.1 million Life of mine cash costs of $681 and AISC of $815 per ounce of gold; Initial CapEx of $136.2 million, including $13.5 million of estimated contingencies, $36.1 million of sustaining CapEx and $12.4 million closure costs for a 750 tpd mine and milling operation; Average gold and silver recoveries of 92.8% and 73.5% respectively; and After-tax payback of 3.3 years. The FS was completed by a group of industry leading consulting firms led by: Ausenco Engineering Canada Inc. (“Ausenco”), who managed the overall study and were responsible for processing and infrastructure design, oversaw metallurgical testing and completed the economic analysis; RESPEC Company LLC (“RESPEC”), who updated the mineral resource estimate; Arrowhead Underground LLC (“Arrowhead”), who completed the mine planning and reserves estimation; Golder Associates (“Golder”), who designed the tailings storage facility; and SLR International, who oversaw all environmental and reclamation aspects of the Feasibility Study.