Paramount Gold Engages Mine Development Associates, Independent Technical Consultant and Orthoshop

    OTTAWA, March 14 /CNW/ - Paramount Gold Mining Corp. (OTC: PGDP)
(Frankfurt: P6G, WKN: A0HGKQ) is pleased to announce that it has engaged Mine
Development Associates (MDA- to perform the deposit modeling,
resource estimations, and National Instrument 43-101 (Canadian Standards of
Disclosure for Mineral Projects) reporting on its San Miguel project in
Chihuahua, Mexico. MDA is a full service mine engineering company based in
Reno, Nevada, that has worked on significant projects throughout North,
Central and South America.

    Paramount has also engaged the services of Tony Starling of London,
England to provide technical consulting with respect to its San Miguel
project. Mr. Starling is an expert structural geologist and has a tremendous
wealth of experience in the Sierra Madre region.

    Paramount has contracted Orthoshop - Mexico to generate detailed
topographic maps, digital orthophotos, and a digital terrain model for the San
Miguel project. The ground control and aerial photography has recently been
completed by Orthoshop and the initial results of their work are expected to
be received next week.

    Paramount COO, Larry Segerstrom stated: "We are very pleased to have
acquired the high-quality services of MDA, with whom we can expand the
resources of our San Miguel project with a great degree of confidence."

    About Paramount Gold

    Paramount Gold is a precious metals exploration company trading on the
OTCBB under the symbol PGDP and listed on the Frankfurt stock exchange under
the symbol P6G (WKN: A0HGKQ). The Company's objectives are to explore and
develop the San Miguel project, located in Chihuahua, Mexico within the Sierra
Madre Occidental gold/silver belt and fully develop the potential of the
strategic alliance with Teck Cominco for gold exploration in South America.
For more information, please visit the Company's web site at: (now available in the following languages: English,
German, French, Spanish, and Mandarin).

    Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: The statements contained herein which are not historical are
forward-looking statements that are subject to risks and uncertainties that
could cause actual results to differ materially from those expressed in the
forward-looking statements, including, but not limited to, certain delays
beyond the company's control with respect to commencement of drilling
operations, concentraion in mineral deposits, delays in testing and evaluation
of ore samples, and other risks detailed from time to time in the Company's
filings with the Securities and Exchange Commission.

For further information:

For further information: Paramount Gold Mining Corp. Larry Segerstrom,
COO, 623-225-7865 Chris Halkai, Corporate Relations Toll-free: 1-866-481-2233

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