GoldHaven Resources Corp. press release

Paramount Gold Signs Chief Geologist for an Additional Two Years

2007-04-03

CSE - Canadian National Stock Exchange · Gold · Copper · Arsenic · Lead · Zinc · Silver · Tin · Indium · Tungsten · Molybdenum · Gemstone · Lithium · Niobium · Beryllium · Tantalum · Canada

OTTAWA, April 3 /CNW/ - Paramount Gold Mining Corp. (OTCBB:PGDP)(Frankfurt:P6G)(WKN:A0HGKQ), is pleased to announce that Charles William (Bill) Reed, Director and VP Exploration, Mexico, has agreed to extend his contract with Paramount Gold Mining Corp. for an additional two years. Bill Reed will continue to oversee Paramount's San Miguel project in Mexico while continuing to aggressively build the Company's land property portfolio.

Mr. Reed has been a catalyst in the acquisitions and recent discoveries at Paramount's San Miguel project in Chihuahua, Mexico.

Bill Reed has significant mining experience in Mexico, as he was formerly Chief Geologist - Mexico for Minera Hecla a subsidiary of Hecla Mining (NYSE:HL) from 1998 to 2004, and Regional Geologist, Mexico and Central America for Echo Bay Exploration from 1993 to 1998. While at Hecla, Mr. Reed supervised detailed exploration at the Noche Buena project in Sonora, and the San Sebastian silver and gold mine in Durango. He also discovered and drilled the Don Sergio vein that was later put into production. While at Echo Bay, Mr. Reed identified the potential of the Dolores mining district, Chihuahua, Mexico and recommended acquisitions that resulted in the discovery of more than 44 million ounces of silver and 2.5 million ounces of gold.

Mr. Reed has a Bachelor of Science Degree in Mineralogy from the University of Utah and is a Registered Professional Geologist in the State of Utah. He is also fluent in Spanish.

About Paramount Gold

Paramount Gold is a precious metals exploration company quoted 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: www.paramountgold.com (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.