Paramount Gold and Silver Corp. Resumes Trading on the TSX on Friday March 14, 2008

Market Wire, March, 2008

Paramount Gold and Silver Corp. (TSX: PZG)(AMEX: PZG)(FRANKFURT: P6G)(WKN: A0HGKQ) is pleased to announce the resumption of the trading of their common shares on the TSX on Friday, March 14, 2008.

Please note that Paramount will further address this issue during their previously scheduled project update conference call to be held on Tuesday, March 18th,at 1:15 PM EDT.

"Safe-Harbor" Statement: This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company may not be realized. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially.

The Toronto Stock Exchange has not reviewed and therefore does not accept responsibility for the adequacy or accuracy of this release.

Contacts: Paramount Gold and Silver Corp. Christopher Crupi, CEO 613-226-9881 Paramount Gold and Silver Corp. Chris Halkai, Corporate Relations 613-226-9881