Paramount Gold Mining Corp. to Commence Trading on the American Stock
Exchange Under Ticke
OTTAWA, CANADA -- (MARKET WIRE) -- 07/30/07 -- Paramount Gold Mining Corp. (OTCBB: PGDP)(FRANKFURT: P6G)(WKN: A0HGKQ)(AMEX: PZG) is pleased to announce that the American Stock Exchange ("AMEX") has approved the listing of the Company's common stock for trading on the AMEX. Trading is anticipated to commence August 1, 2007 under the new symbol PZG.
"Our listing on the AMEX is an important step in our continuing efforts to ensure a liquid trading market for all of our shareholders and to lay the foundation to increase our shareholder base. Our AMEX listing will allow better access for Canadian and U.S. investors to participate in our current exploration program at our San Miguel silver and gold project in the Sierra Madre gold/silver belt in Mexico" commented Christopher Crupi, CEO of Paramount Gold.
Paramount Gold is a precious metals mining exploration company, presently in the early stages of an extensive exploration program at their San Miguel project in the Sierra Madre, Temoris mining district of Mexico. Paramount has completed 15,000 meters of drilling, totaling 98 drill holes on the project with results pending on the last 25 of these holes. Paramount began a 50,000 meter drill program in early 2007 and to date 8,000 meters have been completed. Paramount is well funded to exploit the opportunities of their property portfolio, with the completion of a $21.8 million financing in March of this year.
"Safe-Harbor" Statement: This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company may not be realized. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially.
Contacts: Paramount Gold Mining Corp. Christopher Crupi, CEO Chris Halkai, Corporate Communications Toll-free: 1-866-481-2233 613-226-9881
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Paramount Gold Mining Corp. 346 Waverley Street, Suite 110 Ottawa, Ontario Canada
WKN: A0HGKQ; ISIN: US69924P1021; Listed: Freiverkehr in Bayerische Börse München, Freiverkehr in Börse Stuttgart, Freiverkehr in Frankfurter Wertpapierbörse, Freiverkehr in Börse Berlin Bremen;