paramount gold nevada is a u.s. based precious metals exploration company. paramount has a high ratio of ounces of gold in mineral inventory to shares outstanding, providing its shareholders with exceptional leverage to the gold price. paramount holds a 100% working interest in the grassy mountain gold project which consists of approximately 9,300 acres located on private and blm land in malheur county, oregon. the grassy mountain project contains a gold-silver deposit (100% located on private land) for which a preliminary economic assessment (“pea”) has been prepared and key permitting milestones accomplished. additionally, paramount owns a 100% interest in the sleeper gold project located in northern nevada. the sleeper gold project, which includes the former producing sleeper mine, totals 2,322 unpatented mining claims (approximately 60 square miles or 15,500 hectares). paramount’s strategy is to create shareholder value through exploring and developing its mineral properties and to