Paramount Gold and Silver Corp.

COMPANY DATA | INTRODUCTION | PROJECT IN HAND | MANAGEMENT
NEWS UPDATE | CHINESE

Address:	346 Waverley Street, Suite 110 Ottawa, Ontario Canada K2P 0W5
Tel No.:	(613) 226-9881
Fax No.:	(613) 226-5106
Toll Free No.:	1-866-481-2233
Web Site:	www.paramountgold.com
Corporate Email:	ctheo@paramountgold.com
Contact Person:	Chris Theodossiou
Position:	Corporate Development

COMPANY DATA

Traded Market:	TSX, NYSE.A
Traded Symbol:	PZG
Outstanding Shares:	61,000,000
Public Float:	Approx. 30 Million
52 Week High:	$ 2.30 (CDN)
52 Week Low:	$ 0.305 (CDN)
Present Price:	Click Here

INTRODUCTION

Paramount Gold and Silver Corp. is a precious metals exploration company. The Company is currently conducting an extensive exploration program at its 100% owned San Miguel Project in the Guazapares Mining District, part of the prolific Sierra Madre gold-silver belt in Chihuahua, Mexico. The Company will also continue to explore additional opportunities through joint ventures and acquisitions.

Company Highlights:

MEXICO

Closed a CDN$9,000,000 non-brokered private placement in March 2009
Completed a 50,000 metre drill program at San Miguel
San Miguel is geologically similar to Palmarejo's Trojan Project (3.1 M oz. Gold Equivalent)
Staked the 86,300 hectare Andrea concession between San Miguel and El Sauzal (Goldcorp) mine
Continuing to evaluate additional properties
Moving towards pre-feasibility at its 100% owned San Miguel Project and evaluating production options

ACQUISITIONS

Recently signed option agreement on the 500 hectare Vidette Lake Gold Mine in British Columbia, Canada
- Historically, high grade gold and silver mine that was last in production in the 1940's, and is in close proximity to over 30 mines. Former producer with gold grades of 18.6 g/t.
Recently expanded land position by over 50,000 hectares with the acquisition of Garibaldi Resources' Temoris Project.

PROJECT IN HAND

San Miguel Project - a new gold discovery in Sierra Madre, Mexico

San Miguel is located in Chihuahua, northern Mexico and lies in the Guazapares Mining District, part of the prolific gold-silver belt of the Sierra Madre Occidental.

Highlights:

Paramount holds a 100% interest in the San Miguel Project
Paramount controls more than 130,000 hectares in the Sierra Madre gold-silver belt
Sierra Madre Belt - historical production of 40 million ounces gold and 2 billion ounces silver
Nearby discoveries-Palmarejo (Palmarejo Silver and Gold), Mulatos (Alamos Gold), Dolores (Minefinders), Ocampo (Gammon Gold), El Sauzal (Goldcorp), and Bahuerachi (Tyler Resources).
Exploring more than 8 km of strike length on the Guazapares Fault (3 km on the Batosegachic fault, including the San Miguel Vein; 3 km on the Guadalupe structure, and 2 km east of Batosegachic fault). Seventy percent of drilling to date has tested 7 targets on the Guazapares structure (average depth of 120 metres), and 30% tested the San Miguel vein of Batosegachic structure to a 400 metre depth.
Recently completed a 50,000 metre exploration program, consisting of 47,560 metres in 213 holes of diamond HQ core drilling, and 69 exploration trenches for a total of 3,743 metres.
Recently NI 43-101 resource estimate on both high grade ore bodies at San Miguel (Clavo 66 and 99) increases the total inferred and indicated resource to 2.65 million ounces of Gold Equivalent (includes silver).
Within Clavos 66 and 99 are two high grade zones containing 216,683 gold-equivalent ounces at 14.75 g/t AuEq and 449,667 gold-equivalent recoverable ounces at 10.78 g/t AuEq respectively both measured at a 4.5 g/t Au cut-off grade.
Assay results confirm the high grade Clavo 99. Drill highlights include 2 intervals of 0.77 metres with 64.7 and 93.7 g/t Au respectively.
Recent results from La Union indicate a second high grade Clavo (Clavo 66). Drill highlights include 10.3 g/t Au over 10.3 m including 25.2 g/t Au over 3.1 m.
Reconnaissance exploration of the 86,300 hectare Andrea property (between San Miguel and El Sauzal (Goldcorp) mine), produced 25 targets for follow-up, including multiple porphyry gold, silver, and copper targets. In discussions with potential JV partners (specifically for the porphyry copper targets).
Paramount acquisition of Garibaldi Resources' Temoris Project, adds over 50,000 hectares of land to Paramount's control with more than 10 identified gold and silver targets, and completely surrounds Coeur d'Alene Mines' Palmarejo project, giving Paramount control of most of the land between its San Miguel project and Coeur d'Alene Mines' Palmarejo project.
Paramount is now the sole owner of three projects in the Guazapares Mining District including the San Miguel Project, the Andrea Project and the new Temoris Project.

MANAGEMENT

Paramount Gold and Silver Corp. has a professional management team with many years of experience in the mining industry.
Management & Directors

Christopher Crupi, CA - Director, President & CEO
Mr. Crupi is a former VP at PricewaterhouseCoopers. Mr. Crupi has participated in deals totalling over $1 billion, including the sale of the Ottawa Senators Hockey Club and the sale of a division of the Canadian Red Cross.

Lawrence (Larry) Segerstrom, MBA, M.Sc. (Geology) - Chief Operating Officer
Mr. Segerstrom has more than 25 years of experience in the mining industry, most recently as Manager of the Geologic Services Group for Freeport-McMoRan and General Manager of Layne Christensen's drilling subsidiary in Mexico. Previously, Mr. Segerstrom was an exploration geologist for Newmont, Noranda and Phelps Dodge.

Charles W. (Bill) Reed, B.Sc. (Mineralogy) - Director, Manager of Exploration, Mexico
Mr. Reed has 30 years of mining experience including Chief Geologist, Mexico for Hecla Mining (NYSE:HL), Regional Geologist, Mexico and Central America for Echo Bay Exploration and Geologist at Kennecott Exploration and Occidental Petroleum.

Michel Yvan Stinglhamber - Director
Mr. Stinglhamber has a long and distinguished career in the Mexican mining industry. Currently represents Umicore Belgium in Mexico acting as proxy and Director for Unimet SA de CV, a company 100% owned by Umicore Belgium.

John Carden, Ph.D (Geology) - Director
Dr. Carden has over 30 years experience including consulting for Minefinders, Metallica, Castleworth Ventures and Corex Gold. Previously he was President of Latitude Minerals Corporation and Director of Exploration U.S. for Echo Bay Exploration.

Rudi Fronk, M.Sc. (Mineral Economics), B.Sc. (Mining Engineering) - Director
Mr. Fronk has over 25 years experience in the gold business, primarily as a senior officer and director of publicly traded companies. Since 1999, Mr. Fronk has served as President and CEO of Seabridge Gold Inc. (TSX:SEA) (NYSE.A:SA).

Eliseo Gonzalez-Urien - Director
Mr. Gonzalez-Urien has over 30 years of experience in the mining industry, is one of the most highly regarded exploration geologists in the industry. Mr. Gonzalez-Urien is a Director of Seabridge Gold Inc. He was Senior Vice President of Placer Dome Inc. and President of Placer Dome Exploration Inc.

Advisor

Daniel Hachey, MBA, B.Sc. - Consultant and Advisor to the Board
Mr. Hachey has over 20 years experience with senior investment banking positions at firms in Toronto, New York and Montreal, currently President and CEO of Greenwich Global Capital Inc.

Danny Sims, Ph.D (Economic Geology) - Senior Technical Advisor
Dr. Sims has over 20 years of experience in the industry with a wide array of skills. He started his career as an exploration geologist, working first for Newmont Exploration.

NEWS UPDATE

On January 15, 2010, Paramount Gold and Silver Corp. announced that MineralFields Group has exercised warrants to purchase a total of 3,636,362 shares of common stock in the capital of Paramount Gold and Silver Corp. at a price per share of $1.25 per gross proceeds of $4,454,525.

The Company has elected Robert Dinning, CA, as Chairman of the board and Christopher Reynolds, CGA, as the Chair of the Company's audit committee, replacing Mr. Dinning in that role.

On October 21, 2009, Paramount Gold and Silver Corp. announced the new diamond drilling by Paramount on its 100% owned Monte Cristo target in the Palmarejo District of North Central Mexico has substantially expanded the target's size and verified new, highly prospective bulk-mineable styles of gold and silver mineralization.

Hole MC-09-04 returns 29.0 m of 0.69 g/t Au and 106.1 g/t Ag, including 12.5 m of 1.52 g/t Au and 109.9 g/t Ag.

On October 15, 2009, Paramount Gold and Silver Corp. announced the closing of its public offering of 16 million shares of its common stock at $1.25 per share. In addition, due to overwhelming demand the underwriters also exercised all of its overallotment of 2.4 million shares generating net proceeds of approximately $ 21.7 million. There are no warrants issued in connection with this financing.

Paramount intends to use the net proceeds to aggressively explore the San Miguel project and area and further consider acquisition of new precious metals projects.

On October 9, 2009, Paramount Gold and Silver Corp. announced the pricing of its previously announced public offering of 16 million shares of its common stock. The Company has agreed to sell the shares at a price of US$1.25 per share. Proceeds to the Company from the offering, net of commissions and expenses, are expected to be approximately US$18.7 million (assuming the underwriters' over-allotment option is not exercised). The offering is expected to close on October 15, 2009.

Paramount intends to use the net proceeds of the offering for exploration of its San Miguel project, for newly acquired projects in the Palmarejo mining district, for the acquisition and exploration of new precious metals projects, if any, and for general corporate purposes.

On October 5, 2009, Paramount Gold and Silver Corp. announced that it intends to offer 16 million shares of its common stock. Paramount intends to use the net proceeds of the offering for exploration of its San Miguel project, for newly acquired projects in the Palmarejo mining district, for the acquisition and exploration of new precious metals projects, if any, and for general corporate purposes.

On October 2, 2009, Paramount Gold and Silver Corp. announced that it has filed a statement of claim in the Supreme Court of British Columbia, Canada naming Klondex Mines Limited as the defendant in connection with the termination by Klondex of the binding Letter Agreement dated July 20, 2009 between Paramount and Klondex whereby Klondex had agreed to support a combination of the two companies.

On October 1, 2009, Paramount Gold and Silver Corp. reported positive drilling results at it San Miguel deposit in the Palmarejo District of North Central Mexico. The drilling confirms: (1) gold grades increase with depth; (2) gold is concentrated in southwest plunging zones; and (3) a significant strike extension which should lead to resource expansion.

On September 24, 2009, Paramount Gold and Silver Corp. announced that it has been advised by Klondex Mines Limited that the Klondex board of directors has withdrawn its support and therefore breached its binding letter agreement of July 20, 2009 in which it had agreed to support a combination of the two companies. It triggers a break fee of US$2.85 million payable to Paramount as set out in this agreement.

On September 18, 2009, Paramount Gold and Silver Corp. confirmed that it has set the date for its an annual and special meeting of its stockholders for October 28, 2009. The Meeting is currently scheduled to take place on such date at 11 AM (Eastern Time) in the Wentworth Room of the Sheraton Hotel in Toronto, Ontario, Canada.

On August 6, 2009, Paramount Gold and Silver Corp. announced that it has executed agreements with its two largest stockholders, FCMI Financial Corp. and Garibaldi Resources Corp. (TSX-V:GGI), supporting the proposed transaction with Klondex Mines Ltd.

On July 24, 2009, Paramount Gold and Silver Corp. and announced that Silvercorp Metals Inc. has terminated its unsolicited offer to acquire all the outstanding shares of Klondex Mines Ltd. (TSX:KDX)(OTCBB:KLNDF). This clears the way for the creation of powerful North American gold and silver exploration platform that offers substantial value to both Klondex shareholders and Paramount stockholders.

Paramount and Klondex have entered into a binding letter agreement to combine the two companies under plan of arrangement, in a transaction valued at approximately CDN$80 million. The combination of the two companies will create an exciting new company focused on developing high-grade gold projects in North America.

On July 20, 2009, Paramount Gold and Silver Corp. and Klondex Mines Ltd. (TSX:KDX)(OTCBB:KLNDF) announced that they have entered into a binding letter agreement to combine the two companies under plan of arrangement, in a transaction valued at approximately CDN$80 million. The combination of the two companies will create an exciting new company focused on developing high-grade gold projects in North America.

Klondex Mines Ltd. is engaged in acquiring, exploring and developing high-grade gold and silver properties in North Central Nevada and has to date identified an Indicated Mineral Resource in excess of 1.6 million ounces of gold and an Inferred Mineral Resource of over 0.5 million ounces of gold via its deep drilling program at its 100% owned Fire Creek Property.

On July 14, 2009, Paramount Gold and Silver Corp. announced that the drilling campaign on the San Miguel project was restarted. This drilling program will be conducted in 2 distinct stages, target testing and follow-up resource delineation. Exploration drilling is focusing on the gold-rich parts of the San Miguel mineral system with the goal of defining 2 million gold ounces within the next 12 months.

On July 8, 2009, Paramount Gold and Silver Corp. announced that it has signed definitive agreements to acquire the Guazapares project located in southwestern Chihuahua, Mexico from Mexoro Minerals Ltd. (OTCBB:MXOM) for a purchase price of $3.7 million. The Guazapares project comprises 12 claims immediately surrounding Paramount's flagship San Miguel project.

On July 2, 2009, Paramount Gold and Silver Corp. announced that it has entered into an amendment of its Property Option Agreement on its Morelos Project situated in the State of Chihuahua, Mexico. The Morelos Project was recently acquired by Paramount and is currently under option to Garibaldi Resources Corp. The amendment eliminates certain payments by Garibaldi and extends the due date for the US$2,000,000 balloon payment to be made by Garibaldi to Paramount. In consideration of the amendments, Garibaldi has agreed to make a one-time payment to Paramount of 400,000 common shares of Garibaldi.

On June 25, 2009, Paramount Gold and Silver Corp. announced that effective June 29, 2009 that it will be added to several Russell Indexes including the Russell 3000 and Russell Global.

On March 23, 2009, Paramount Gold and Silver Corp. announced that it has closed the previously announced (March 5, 2009) non-brokered private placement of CDN$9,000,000. The proceeds of the financing are to fund exploration in Mexico to advance Paramount's San Miguel Project and the surrounding 140,000 hectares of mining concessions. Together with its resources on hand this financing provides funding for the next 30 months of business expenditures.

On March 19, 2009, Paramount Gold and Silver Corp. announced that it has closed its acquisition of Magnetic Resources Ltd. which holds title to the Temoris Project and the Morelos Project in Chihuahua Mexico. In a concurrent transaction, the acquisition by Paramount Gold and Silver Corp. of the option on the Temoris Project held by Garibaldi Resources Corp. (TSX-V:GGI) has also closed. Paramount is now preparing an exploration program for its new Temoris Project.

On March 17, 2009, Paramount Gold and Silver Corp. provided update on CDN$9,000,000 equity financing. In its news release dated March 12, 2009, the Company announced that it has executed a subscription agreement with the subscriber and has received conditional approval of the TSX for a non-brokered private placement (the "Financing") of 12 million units (each, a "Unit") at a price of CDN$0.75 per Unit for gross proceeds of CDN$9,000,000. Paramount has now received approval of the NYSE Alternext and expects to close the Financing prior to the end of March 2009.

The subscriber is FCMI Financial Corporation, a private corporate based in Toronto.

The net proceeds of the Financing will be used to finance exploration in Mexico to advance Paramount's San Miguel Project and the surrounding 140,000 hectares of mining concessions, and for general working capital purposes. Paramount is currently planning its next technical program.

Rudi Fronk, President and CEO of Seabridge Gold Inc. (TSX:SEA) (NYSE.A:SA) and Eliseo Gonzalez-Urien, Director of Seabridge Gold Inc., will join the Board of Directors of Paramount Gold and Silver Corp. after closing of the Financing.