7 October 2011

24 October 2014

Loan Terms Update

Paramount Mining Corporation Limited (ASX: PCP, "Company") advises that the following credit facilities have been renegotiated as follows:

1. Bungarra Resources Ltd

Lender: Bungarra Resources Ltd
Loan amount: USD850,000
Outstanding amount: USD697,000
Interest rate: Nil
Due date: 31 December 2014
Original security: Unsecured
New Security: Floating charge over the assets of the Company

2. Zurily Resources and Trading Ltd

Lender: Zurily Resources and Trading Ltd
Original loan amount: USD200,000
New loan amount: USD800,000
Outstanding amount: USD420,400
Interest rate: Nil
Due date: 31 December 2014
Original loan fee: 2,400,000 fully paid ordinary shares
New loan fee: 10,000,000 fully paid ordinary shares
Garry Taylor
Company Secretary

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