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Wednesday, November 16, 2011

Paramount Gold and Silver Continues to Expand its Sleeper Gold Project in Nevada

WINNEMUCCA, NEVADA--(Marketwire - Nov. 16, 2011) - Paramount Gold and Silver Corp. (NYSE Amex:PZG)(TSX:PZG)(FRANKFURt:P6G)(WKN:A0HGKQ) ("Paramount") announced today assay results from the final four holes drilled during the recently completed program at its 100%-owned Sleeper Gold Project in Nevada. These core holes targeted the Facilities zone, the newly discovered PAD zone, an extension to the West Wood vein zone and a new exploration target approximately 1 km southeast of the Sleeper pit.

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