Paramount Gold and Silver Corp. Investor Conference Call to Be Held...

...Tuesday, March 18th, 2008 at 1:15pm EDT

OTTAWA, ON--(Marketwire - March 13, 2008) - Christopher Crupi, CEO, Charles (Bill) Reed, VP of Exploration, and John Carden, Director of Paramount Gold and Silver Corp. (TSX: PZG) (AMEX: PZG) (FRANKFURT: P6G) (WKN: A0HGKQ), will hold a conference call to update investors on Paramount's recent progress and to answer any shareholder questions.

To participate in the call, please dial (800) 926-4425 on Tuesday, March 18th, 2008 @ 1:15 EDT. If you reside outside of North America, please dial (212) 231-2900.

About Paramount

Paramount Gold is listed on the AMEX and TSX under the symbol PZG and trades on the Frankfurt Stock Exchange under the symbol P6G (WKN: A0HGKQ). Paramount Gold is a precious metals mining exploration company presently in the early stages of an extensive exploration program at their San Miguel project in the Guazapares Mining District, part of the Sierra Madre Occidental gold-silver belt of Mexico. Paramount has completed over 30,000 meters of core drilling (7000 m before April 2007), totaling 165 drill holes on the project, with results pending on approximately 31 holes. In April 2007, Paramount began a 50,000 meter drill program, of which 23,000 meters have been completed to date. In 2007, Paramount completed $25 million in financing which is being utilized to develop their San Miguel and Andrea projects and other opportunities

"Safe-Harbor" Statement: This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company may not be realized. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially.

Contacts:
Paramount Gold and Silver Corp.
Christopher Crupi
CEO
613-226-9881

Paramount Gold and Silver Corp.
Chris Halkai
Corporate Relations
613-226-9881
866-481-2233

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