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Monday, December 12, 2011

More High-Grade Drill Results Expand Key Zones at Paramount Gold and Silver's San Miguel Project in Mexico

WINNEMUCCA, NEVADA--(Marketwire - Dec. 12, 2011) - Paramount Gold and Silver Corp. (NYSE Amex:PZG)(TSX:PZG)(FRANKFURT:P6G)(WKN:A0HGKQ) ("Paramount") today reported more exceptional high-grade intercepts from ongoing in-fill and exploration drilling at its 100%-owned San Miguel Project in northwestern Mexico. The exciting new results are from the Don Ese North target and the San Antonio silver zone, two important discoveries made by Paramount in the past year.

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