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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Ed Ajootian who wrote (36329)	3/21/2007 11:52:42 PM
From: John McCarthy	Read Replies (1) \| Respond to of 78419

Paramount Gold Earns 70% Interest in the San Miguel Groupings, Mexico OTTAWA, March 21 /CNW/ - Paramount Gold Mining Corp. (OTCBB:PGDP)(Frankfurt:P6G)(WKN:A0HGKQ), is pleased to announce that it has earned its 70% working interest in the San Miguel Groupings located in Mexico. In August 2005, Paramount Gold signed an agreement with Tara Gold Resources which entitled Paramount to earn up to a 70% working interest in the San Miguel Groupings, provided that Paramount spend $2.5 million in exploration and development costs on or before May 2008. The project lies in the Temoris mining district of Mexico, part of the gold-silver belt of the Sierra Madre Occidental, just a few kilometers northwest of the town of Temoris. It can be accessed by vehicle and railway and has well-developed infrastructure with a recently constructed 33,000 volt power line. The project area encompasses the historic Guazapares gold/silver mining district where mining initiated in the year 1620. About Paramount Gold Paramount Gold is a precious metals exploration company trading on the OTCBB under the symbol PGDP and listed on the Frankfurt stock exchange under the symbol P6G (WKN:A0HGKQ). The Company's objectives are to explore and develop the San Miguel project, located in Chihuahua, Mexico within the Sierra Madre Occidental gold/silver belt and fully develop the potential of the strategic alliance with Teck Cominco for gold exploration in South America. For more information, please visit the Company's web site at: www.paramountgold.com (now available in the following languages: English, German, French, Spanish, and Mandarin). Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to commencement of drilling operations, concentration in mineral deposits, delays in testing and evaluation of ore samples, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. For further information: Paramount Gold Mining Corp. Christopher Crupi, President or Chris Halkai, Corporate Relations, 613-226-9881 Toll-free: 1-866-481-2233 newswire.ca regards, John