Ivanhoe Electric Inc. press release

Ubika Research commentary on the high grade strike extension discovered by Paramount Gold at its Mexican project

2010-12-13

NYSE - New York Stock Exchange · Copper · Gold · Silver · Zinc · Lead · Nickel · Cobalt · Platinum · Palladium · Vanadium · United States

Dec. 13, 2010 (Baystreet.ca) --

TORONTO, Canada - Ubika Research has issued a commentary on the high grade extension discovered on the Don Ese vein target on the San Miguel Project (Mexico) by Paramount Gold and Silver (NYSE Amex: PZG)(TSX: PZG)(TSE: PZG)(FRANKFURT: P6G) The commentary is titled “Paramount Gold discovers significant gold intercepts at their Mexican project”. To view the commentary please visit: http://www.smallcappower.com/articles/Paramount_Gold_and_Silver_drill_results.html

Paramount Gold & Silver Corp (AMEX: PZG)(TSX: PZG)(FRANKFURT: P6G)) is well capitalized and has a huge land package in excess of 450,000 acres in its San Miguel Project and engulfs Coeur d`Alene Mines’ (NYSE: CDE) Palmarejo Mine.

Ubika Research is also pleased to announce that smallcappower.com has launched the investor information hub for Paramount Gold and Silver ((NYSE Amex: PZG)(TSX: PZG)(FRANKFURT: P6G) at: http://www.smallcappower.com/microsite/paramount_gold_silver_corp.html

Ubika Research has reports on over 40 interesting junior resource companies available at www.smallcappower.com. The Ubika Research “Resource Stock of the Week” series has outperformed the TSX Venture Index by 24% (as of Nov 30, 2010).

About Ubika Research

Ubika Research is an investment research and capital market services firm based in Toronto and Vancouver. It provides comprehensive research, communication and capital market exposure program to highlight the investment potential in micro and small cap companies. For more information visit www.ubikaresearch.com

Disclosure

Smallcappower.com has received compensation from Paramount Gold & Silver Corp for providing capital market exposure services.

Except for the historical information presented herein, matters discussed in this document contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements.

Ubika Research and www.smallcappower.com (are both divisions of Ubika Corporation), and are not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this report. For making specific investment decisions, readers should seek their own advice. For full disclosure please visit: http://smallcappower.com/disclosure.aspx

For additional information contact:

Vikas Ranjan

Managing Director, Ubika Research

Phone: 647-352-2666

Email: vikas@ubikacorp.com