Paramount Gold Nevada Announces Oregon's First-Ever Draft Consolidated Mining Permit For Grassy Mountain Project; Public Hearing Set For Jan. 29, 2026

Paramount Gold Nevada Corp. (NYSE:PZG) ("Paramount" or the "Company") announces today that The Oregon Department of Geology and Mineral Industries ("DOGAMI") has published the draft consolidated permit package for the Grassy Mountain Gold Project on behalf of all state permitting and cooperating agencies.

This represents the first time in Oregon's history that a mining project has advanced through the state's consolidated mining permitting framework.

"This is a landmark achievement for both Grassy Mountain and the State of Oregon," said Rachel Goldman, Chief Executive Officer of Paramount. "The release of the draft consolidated permit package reflects years of detailed technical and environmental analysis, coordinated agency review and extensive community input. It demonstrates that well-designed, environmentally responsible mining projects can advance in Oregon".

With the release of the draft permit package, DOGAMI has scheduled a public hearing for January 29, 2026, in Vale, Oregon, with additional details to be provided by DOGAMI in the weeks prior to January 29th. The hearing will feature project presentations and allow for public comments on the draft permits through February 6, 2026. Following the close of the public comment period, DOGAMI will make any necessary revisions prior to issuing the final consolidated permit package.

The final permit package will provide the regulatory framework for construction, operation, closure and monitoring of the Grassy Mountain Gold project. The Project is designed as a small footprint underground gold mining operation, with the potential to create high-quality local jobs, support regional economic activity, and contribute to local and state revenues over the life of the mine.