Former PricewaterhouseCoopers VP Named CFO and Interim President of Paramount Gold

Business Wire, Sept 13, 2005

OTTAWA, Canada -- Paramount Gold Mining Corp. (OTC:PGDP) today announces that Christopher Crupi, CA has been named Chief Financial Officer and interim President. E[acute accent]Chris is a Chartered Accountant specializing in a host of financial advisory services including M&A, divestitures, and business valuations.

Transaction experience spans several industries including mining, software, sports and entertainment and manufacturing. Over the past 10 years, Chris has participated in deals totaling over $1 Billion, including such notable transactions as the sale of the Ottawa Senators Hockey Club and the sale of a division of the Canadian Red Cross to establish Canadian Blood Services. E[acute accent]In 2004, Chris left PricewaterhouseCoopers where he held the position of Vice President to co-found ITS Capital. In addition to providing financial advisory services, Chris acts for ITS clients as a CFO and director for publicly-traded companies in the United States where he is able to apply his knowledge and understanding of SEC regulations and corporate governance issues. E[acute accent]"I look forward to contributing to the growth of Paramount. My main duties will revolve around my role as CFO, including the raising of capital and the preparation of a 10SB filing to get Paramount on to the Bulletin Board as soon as possible. As we announce additional projects and commence our work programs, we will be recruiting a seasoned mining veteran to assume the role of President," said Chris Crupi. E[acute accent]Paramount Gold Mining Corp. is a precious metals exploration and development company. It is management's objective to grow Paramount into a significant gold and precious metals producer by developing the San Miguel project in Mexico, and by acquiring other advanced-stage projects and/or producing mines in the most prolific precious metal districts in the world. E[acute accent]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 market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.