Paramount Gold and Silver Corp. Addresses Halt in Trading.

Canadian Corporate News, April, 2008

OTTAWA, CANADA, Apr 3, 2008 (Marketwire via COMTEX) -- Paramount Gold and Silver Corp. (TSX:PZG)(AMEX:PZG)(FRANKFURT:P6G)(WKN:A0HGKQ) (the "Company") announces that its shares of common stock were halted for trading today on the American Stock Exchange ("AMEX"). Although trading had resumed on AMEX on March 28, 2008, following the end of a trading suspension imposed by the U.S. Securities and Exchange Commission, the Company became aware today that the Depository Trust Company ("DTC") continues to designate the Company's CUSIP number as ineligible for trading. As a result of such designation, AMEX has halted trading in the Company's shares until this matter is resolved with DTC.

As a result of these events, the Toronto Stock Exchange has also halted trading in...