Announcement • May 28
Paramount Gold Nevada Corp Announces Results of Feasibility Study for the Grassy Mountain Gold Project Paramount Gold Nevada Corp. announced the results of a Feasibility Study update prepared in accordance with S-K 1300 for its 100% owned, high-grade Grassy Mountain Gold Project located in Malheur County, Oregon. The Study updates the Company’s 2022 feasibility study and reflects current metal price assumptions, capital and operating cost estimates, and a revised mine plan. The economic analysis is based on assumed metal prices of $3,600 per ounce of gold and $48 per ounce of silver. Total recoverable ounces of gold have increased 7% from 361,800 ounces to 385,800 ounces. The revised production schedule extends the Project’s mine life from 7.8 years to 9.3 years. The Study outlines significantly improved project economics, including an after-tax NPV (5%) of $374.7 million, an IRR of 38.9% and a payback period of 2.2 years, representing relative NPV and IRR increases of 228% and 72%, respectively, compared to the 2022 study. The Study includes sensitivity analysis to higher commodity prices amongst other inputs. Assuming metal prices of $4,618 per ounce of gold and $74 per ounce of silver, the Project's after-tax NPV increases to $608.6 million, with an IRR of 55.4% and a payback period of 1.4 years. The Project is planned as an underground operation with a relatively small surface footprint. Grassy Mountain received a positive Record of Decision from the Federal Bureau of Land Management along with the final Environmental Impact Statement in January 2026, representing a significant milestone in advancing the project toward a potential construction decision. State permitting is in the final stages, with approval expected in the second half of 2026. Project Economics (at base case $3,600 gold price): The effective date of the estimate is February 28, 2026. Rounding may result in apparent discrepancies between tons, grade and contained metal content. Announcement • Apr 10
Paramount Gold Nevada Corp. Commences Initial Assessment Of Sleeper Gold Project In Nevada Paramount Gold Nevada Corp. announced that it has commenced an Initial Assessment under the U.S. Securities and Exchange Commission S-K 1300, for its 100%-owned Sleeper Gold Project, a past-producing high-grade gold mine located in Humboldt County, northern Nevada. The IA will be prepared in accordance with applicable U.S. regulatory standards and will evaluate the project’s economic potential. The assessment is intended to examine a potentially lower-cost, staged development approach focused on heap-leachable material only, including approximately 54 million tons of material of economic interest. This includes surface material from previously unevaluated waste dumps, as well as oxide and mixed in-situ mineralization amenable to heap leaching. This approach has the potential to support an accelerated path to cash flow and enhance overall project economics, building on prior assessments that focused primarily on in-situ resources. It is also expected to contribute to development planning and the evaluation of potential future expansion opportunities. Paramount has engaged SLR International Corporation to conduct the study. SLR is currently active on-site through its ongoing monitoring and reclamation programs and will leverage its recent acquisition of Forte Dynamics to incorporate enhanced leach kinetics expertise into the assessment. SLR is a qualified person within the meaning of Subpart 1300 of Regulation S-K. In parallel, the Company plans to initiate permitting for infill drilling targeting surface material at Sleeper, which could support future resource updates and contribute to subsequent pre-feasibility or feasibility studies. Permitting is expected to be straightforward and timely, as the proposed activities fall within the scope of the existing Plan of Operations. Completion of the Initial Assessment is expected in late Second Quarter 2026, representing a key milestone in the Company’s evaluation of development options at Sleeper. New Risk • Feb 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$6.3m free cash flow). Earnings have declined by 8.1% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). 
