Paramount Gold Nevada Corp. announced that the permitting process for its proposed Grassy Mountain high-grade underground gold mine took a major step forward at a recent public meeting of the Oregon State Technical Review Team's (TRT) water resource sub-committee. The sub-committee confirmed that the ground water Baseline Data Report ("BDR") submitted by Paramount was accurate and complete according to the previously approved procedures and protocols.

The sub-committee will recommend it for approval by the full TRT, which is comprised of all state agencies involved in the permitting process. This public meeting was held virtually following a 14-day public comment period during which time comments can be filed to be considered during the meeting. While several local stakeholders were present at the meeting, the Oregon Department of Geology and Mineral Industries (the "DOGAMI") confirmed they received no public comment.

Including the Ground Water BDR, to date, 22 BDR's have been accepted by state regulators. The remaining Geochemistry BDR has been filed with the DOGAMI and is expected to be approved later in the month. Currently, the DOGAMI is reviewing the Consolidated Permit Application ("CPA"), filed by the Company in December 2021 including all document revisions and Company responses to comments by the agencies from the first CPA filed by Paramount in November 2019.