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, as well as to secure additional strategic land in the area.