Paramount Gold and Silver Canadian Exploration UpdateOttawa, Canada – December 15, 2009 (MarketWire) –Paramount Gold and Silver Corp. (“Paramount Gold”) (NYSE/TSX: PZG) (Frankfurt: P6G, WKN: A0HGKQ) has entered into an earn in option agreement with SNS Silver Corporation (TSXv: SNS) where Paramount has the sole and exclusive right and option to earn up to 30% of SNS’s interest in the Emerald Lake Gold project by spending and incurring exploration expenditure on the claims of C$1.4 Million. Paramount has decided not to move forward with their Vidette Lake project near Kamloops, BC. This new agreement with SNS will satisfy Paramounts flow through obligations for 2009. Paramount Gold and Silver Corp. Christopher Crupi, CEO Charles W Reed, VP Exploration Chris Theodossiou, Investor Relations 866.481.2233 / 613.226.9881 |
