On March 23, 2009 Paramount Gold and Silver Corp. closed a non-brokered private placement of C$9,000,000 through the sale of 12,000,000 restricted units at C$0.75 per unit. Each unit is comprised of one common share and one share purchase warrant exercisable at a price of C$1.05 per share for a period of four years. The share purchase warrants cannot be exercised until after six months and one day from issuance.

The proceeds of the financing are to fund exploration in Mexico to advance Paramount’s San Miguel project and the surrounding 140,000 hectares of mining concessions. Together with its resources on hand this financing provides funding for the next 30 months of business expenditures.

In November 2007, Paramount closed a US$2.4 Million private placement financing through Fondi Anima of Milan, Italy. Anima is the no.1 Italian fund management company, in terms of assets under management, totaling over $11 billion euros.

In March 2007, Paramount completed a US$21.8 M private placement. Blackmont Capital Inc. acted as lead agent in connection with the brokered offering and the syndicate included Haywood Securities Inc., Canaccord Capital Corp., and Raymond James Ltd.

Proceeds from these private placements are being used to fund ongoing drill and exploration programs of Paramount's properties in Mexico and Canada, as well as to secure additional strategic land in the area.