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Tuesday, November 8, 2011

Paramount Gold and Silver Reports More High-Grade Drill Results From its San Miguel Project in Mexico

WINNEMUCCA, NEVADA--(Marketwire - Nov. 8, 2011) - Paramount Gold and Silver Corp. (NYSE Amex:PZG)(TSX:PZG)(FRANKFURT:P6G)(WKN:A0HGKQ) ("Paramount") today reported more high-grade gold and silver values from six holes recently drilled at its 100%-owned San Miguel Project in northwestern Mexico. These six holes from the ongoing resource delineation program at the San Miguel Vein target all returned excellent intercepts including 10.8 meters grading 8.33 g/T of gold and 32.5 g/T of silver.

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