Honey Badger Silver Inc press release

Paramount Gold Strengthens Management Team With 2 Appointments -- COO and Independent Director

2006-12-11

TSXV - TSX Venture Exchange · Silver · Gold · Zinc · Lead · Copper · Antimony · Tellurium · Arsenic · Bismuth · Iron · Gallium · Germanium · Canada

OTTAWA, December 11 /CNW/ - Paramount Gold Mining Corp. (OTC: PGDP) (Frankfurt: P6G, WKN: A0HGKQ) is pleased to announce that Larry Segerstrom has been appointed Chief Operating Officer and Daniel Hachey has been named to the Board of Directors.

Commenting on the appointments, Chris Crupi, President and CFO, stated, "Paramount is committed to building a strong, experienced and results-oriented team of mining professionals as we continue to experience unprecedented growth. Our continuing success at both our San Miguel project in Mexico and our strategic alliance with Teck Cominco in South America has dictated that we strengthen the management team and the additions of both Larry and Daniel adds incredibly to that objective."

Mr. Segerstrom has over 25 years of experience in the mining industry including 19 years in exploration and 10 years in management. Born and raised in Latin America, Larry is bilingual and has worked 10 years in the region, mainly in Mexico and Chile. Previous assignments include Manager of Geologic Services Group for Freeport-McMoRan from 1999 to 2003, where he managed all onsite geologic activities in the world-class Grasberg Mining District in Indonesia, including open pit and underground mine geology and district exploration. He was general manager of Layne Christensen drilling company's highly successful Mexican subsidiary from 1993-1999.

As a geologist for Newmont, Noranda and Phelps Dodge from 1976-1993, Larry conducted greenfield and brownfield exploration, evaluation and development in diverse geologic settings in western U.S., Mexico and Chile, including epithermal precious metal (low and high sulfidation), mesothermal shear-hosted gold, iron oxide copper-gold, polymetallic replacement, copper porphyry/skarn and porphyry molybdenum.

Mr. Segerstrom has a B.S. (Geology) from Colorado State University, an M.S. (Geology) from University of Arizona, and an M.B.A. from Thunderbird, The Garvin School of International Management (2005). He is a Fellow of the Society of Economic Geologists and is certified as a Project Management Professional by the Project Management Institute.

Mr. Hachey has a strong investment banking background with over twenty years of experience in the capital markets, largely in the area of public equity financings, Initial Public Offerings (IPOs) and private placements. Mr. Hachey has also been active in the area of mergers and acquisitions, fairness opinions and other advisory work. Currently, Mr. Hachey is President and CEO of Greenwich Global Capital Inc., a public capital pool company listed on the TSX-V. In addition, Mr. Hachey has held Board of Directors' positions with both public (NASDAQ, TSX and TSX-V) and private companies.

Mr. Hachey has held senior investment banking positions with a number of firms and has worked in Toronto, New York and Montreal. Dan also held the title of President & CEO of a public mining company listed on the TSX-V.

Notable financings that Mr. Hachey has been a factor in include Glamis Gold (recently purchased by Goldcorp), Canico Resource (recently purchased by CVRD), Research in Motion, JDS Fitel (now JDS Uniphase), Alliance Communications (now Alliance Atlantis), as well as many other companies in various industries including mining, oil & gas, forest products, manufacturing and technology.

Mr. Hachey graduated from McGill University with a MBA degree in Finance. Prior to that he was enrolled in a Master of Science program at Universite de Montreal after earning his Bachelor of Science degree from Concordia University.

About Paramount Gold

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 and Linda projects in Mexico and Peru, and the Andean Gold Alliance with TeckCominco in South America and by acquiring other advanced-stage projects and/or producing mines in the most prolific precious metal districts in the world. The Company trades on the OTC market under the symbol "PGDP" and on the Frankfurt Exchange under the symbol "P6G". 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 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.