Paramount Gold and Silver Reports New Drill Results Expand High-Grade Zones on Its San Miguel Project in Mexico

WINNEMUCCA, NEVADA--(Marketwire - Nov. 28, 2011) - Paramount Gold and Silver Corp. (NYSE Amex:PZG)(TSX:PZG)(FRANKFURT:P6G)(WKN:A0HGKQ) ("Paramount") today reported more high-grade gold and silver results from 10 holes recently completed at its 100%-owned San Miguel Project in northwestern Mexico.

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