Paramount Gold And Silver Reports Significant Intercepts On Don Ese And La Union Deposits On Its San Miguel Project Including 17.6 Meters Grading 2.75 G/T Gold And 166.8 G/T Silver

Winnemucca, Nevada - January 31, 2012 -Paramount Gold and Silver Corp. (NYSE/TSX: PZG) (Frankfurt: WKN: A0HGKQ) ("Paramount") today reported new assay results from ongoing core drilling

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