Paramount Gold Nevada Says US BLM Completes Review And Approves Plan Of Operations For Grassy Mountain Gold Project In Malheur County, Oregon

Paramount Gold Nevada Corp. (NYSE:PZG) ("Paramount" or the "Company") announced today that the U.S. Bureau of Land Management (the "BLM") has completed its review as required under the National Environmental Policy Act and approved the Company’s Plan of Operations for the Grassy Mountain Gold Project ("Grassy Mountain") located in Malheur County, Oregon.

Additionally, following a review of the reclamation cost estimate detailed in the Grassy Mountain Reclamation Plan dated February 2026, the BLM has concurred that the estimate is sufficient to meet all anticipated reclamation requirements based on the current mine plan.

Pursuant to a Memorandum of Understanding (the "MOU"), the BLM and Oregon’s Department of Geology and Mineral Industries will jointly hold the financial guarantee for the project, meeting both agencies’ bonding criteria. The MOU allows Paramount to streamline the implementation and cost of funding and posting the reclamation bond for Grassy Mountain by reducing duplicative efforts.

Prior to construction, Paramount will post the financial guarantee, triggering an official Decision letter and the issuance of the final Notice to Proceed of the approved Plan of Operations for the construction of Grassy Mountain.