Paramount Gold Nevada Corp. announced that the Oregon Department of Geology and Mineral Industries ("DOGAMI") has issued the Notice to Proceed (the "Notice" or "NTP") required to move Grassy Mountain into the next phase of permitting. Based on state regulations, it is expected that the DOGAMI will issue the final consolidated permit package within one year.

The complete permit package will include the Environmental and Socioeconomic Evaluation ("EE") currently underway by Stantec, a global leader in engineering, architecture and environmental consulting, contracted by DOGAMI, which is expected to be released in early 2024. The EE will serve as an additional resource to the agencies for their permit writing process.