Business News • MarketWire • Paramount Gold and Silver Reports New Drill Results at Its San Miguel Project Including a 9 Meter Intercept Grading 557 g/t Silver and 1.63 g/t Gold

Paramount Gold and Silver Reports New Drill Results at Its San Miguel Project Including a 9 Meter Intercept Grading 557 g/t Silver and 1.63 g/t Gold

Paramount Gold and Silver Reports New Drill Results at Its San Miguel Project Including a 9 Meter Intercept Grading 557 g/t Silver and 1.63 g/t Gold

WINNEMUCCA, NEVADA--(Marketwire - July 26, 2011) - Paramount Gold and Silver Corp. (NYSE Amex:PZG)(TSX:PZG)(FRANKFURT:P6G)(WKN:A0HGKQ)("Paramount Gold" or the "Company") announced today new higher-gradeassay results from ongoing resource delineation drilling at its 100% owned San Miguel project in northwestern Mexicowhich are likely to increase the size, grade and quality of its resource estimates.

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