Paramount Gold Nevada Corp. ("Paramount" or "the Company") announced that the permitting process for its proposed Grassy Mountain Gold Mine continues to progress on schedule with the State's Technical Review Team ("TRT") having reviewed and accepted two additional baseline reports. The TRT has reviewed and accepted the Geology and Soils Baseline Data Report ("BDR") as complete. This report characterizes the baseline conditions for a wide array of geologic factors which will be used in applications ranging from construction through to reclamation. The Aquatic Resources BDR was also reviewed and accepted by the TRT which includes representatives of several State regulatory agencies: the Department of Fish and Wildlife; the Department of Environmental Quality; the Department of State Lands; and the DOGAMI. The Aquatics Resources BDR characterizes aquatic resources in the study area prior to the start of proposed mining operations. A summary of all baseline data reports to date for the Grassy Mountain gold project are as follows: 16 of the 23 baseline reports have been reviewed and accepted by the TRT; 2 additional reports have been submitted with acceptance by the TRT pending; 2 reports are being updated at the request of the TRT and will be resubmitted; 2 reports are currently being completed by Paramount, with submission to the TRT to follow; and The Mined Land Reclamation BDR, the final report, will be filed as part of the Consolidated Permit Application. These baseline reports are critical components of the Consolidated Permit Application which Paramount expects to file with DOGAMI later this year. The Bureau of Land Management also requires the baseline data reports for its Environmental Impact Statement.