Paramount Gold Plans 50,000 Meter Drilling Program at San Miguel

OTTAWA - Paramount Gold Mining Corp. (OTC:PGDP) plans to drill a total of 50,000 meters in 2007 on the San Miguel project, using a combination of core and reverse circulation methods.

Layne Christensen has committed the necessary drills to Paramount Gold to execute this program. Founded over 100 years ago, Layne Christensen Company’s Mineral Exploration provides drilling services for geological assessment, in-situ mining and mineral exploration with over 150 drilling rigs worldwide.

Paramount’s objectives in the upcoming drill program at San Miguel are to upgrade and expand their present inferred resource by infill and down-dip drilling, to extend the known mineralized zones along strike, and to find new zones by drilling the untested portions of the primary mineralized structural zone.

Paramount COO, Larry Segerstrom stated: “We are very fortunate to be working with Layne de Mexico to provide the necessary drill equipment and crews to achieve our drilling goals this year.”