SAN MIGUEL PROJECT

• The San Miguel project has been divided into four zones, each with different geology, and thus, with a different development strategy, including the San Antonio Zone, San Luis Mine Zone, Montecristo Zone, and San Miguel Zone.
• Paramount is building its project portfolio through the addition of precious metals projects in Mexico and South America, and is also considering strategic corporate initiatives in Mexico with other exploration/development companies. . In late 2008, Paramount will commence a scoping study as it approaches mine development.

• In 2007, closed US$25 million in private placement financings
• Completed 47,560 meters drilling program, including 213 HQ size diamond drill holes and 3743 meters fo exploration trenches.
• Two sub-parallel mineralized zones – approximately 10 kms of strike length
• Instrument 43-101 compliant mineral resource estimate released on June 25, 2008 established a resource of 108.5 Million Ag-equivalent ounces at San Miguel
• Paramount controls a 100% interest in the San Miguel Project
• Paramount controls more than 100,000 hectares in the Sierra Madre
• Geologically similar to Palmarejo’s Trojan Project (3.1 M oz Au equivalent) recently acquired by Coeur D’Alene for $1.1 billion
• Sierra Madre Belt - historical production of 40 million ounces gold and 2 billion ounces silver

ANDREA PROJECT

• 86,300 hectare concession that covers most of the ground between Paramount’s San Miguel project and GoldCorp’s El Sauzal gold mine
• Completed an extensive stream sediment sampling program (371 drainage basins), as well as a hydrothermal alteration mineral mapping program using Aster satellite imagery. These programs identified several areas with anomalous gold, silver, copper and zinc and strong hydrothermal alteration.
• Early targets identified from field follow-up include:
  • Marimara, porphyry copper target; assays pending.
  • Mesa Colorada, a gold-silver target with intense stream sediment and alteration anomalies in an area of intersection of regional lineaments; assays pending.
  • Maty gold-silver target: results from initial sampling show contents of 3.4 to 19.2 g/t Au and 76 to 702 g/t Ag in vein material.
• Helicopter supported follow-up program completed summer 2008

GARIBALDI JV

• Option to acquire up to 80% interest in 7,000 hectare property from Garibaldi Resources Inc. (TSX.V: GGI); expanded in June 2008 to include 17,200 hectares.
• Intend to conduct geologic mapping and surface sampling with a view to establish drill targets in late 2008

MEXORO STRATEGIC ALLIANCE

Paramount recently signed a Strategic Alliance with Mexoro Minerals, which combines Paramount’s recently discovered “Clavo 99” with Mexoro’s Encino Gordo project for a land package in excess of 1,000 hectares situated immediately east of Coeur d’Alene’s Palmarejo Trogan Project.

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