Paramount Gold and Silver reports assay results from 3 drill holes at Clavo 99.

The higher good grades in the deeper, northwestern extension of Clavo 99 have been confirmed by diamond drill holes SM-54, 60 and 61. As seen in previously reported holes SM-46, 50 and 52 close by to the northwest, hole SM-60 had both modest grades over a modest thickness, suggesting that it is near the margin of Clavo 99. Hole SM-54 was an excellent hole (4.33m @ 3.27 g/t Au, 215.9 g/t Ag), fairly typical of the Clavo as a whole. However, SM-61 was further into the clavo and deeper. It had similarly good grades, but a greater thickness of 13.2 m of 1.57 g/t Au and 107.2 g/t Ag.

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