GoldMinerPulse.com -- Paramount Gold and Silver Corp.: (NI) 43-101 Metal Valuation Report

Paramount Gold and Silver Corp. (PZG)

Company Web Site: www.paramountgold.com
(NI) 43-101 reports from projects located in: Mexico
This report is based on NI 43-101 disclosures and fully diluted share counts available on: 2010-01-14. Metrics have been updated with stock price and metal prices in effect at the close of Canadian markets on 2010-03-09.
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Paramount Gold and Silver Reports Positive Results from Monte Cristo Target
Press Release, October 21, 2009. Quote:

...drilling confirmed economic gold concentrations in east-west trending structures at very shallow depths. Paramount Gold geologists have reinterpreted the Monte Cristo feature as a volcanic basin on the margin of a volcanic dome complex with potential for larger stratigraphic gold occurrences in the basin as well as richer deposits along north-northwest and east-west trending structures.

Paramount Gold CEO Chris Crupi noted that the first pass drill results (above) "have extended Mexoro’s historic results on the east-west trending structures and confirmed the potential for richer deposits at depth on the north-northwest trending structures. Geologic interpretation of the core also points towards the existence of stratigraphic gold mineralization which will be targeted in the next round of drilling. Stratigraphic deposits would likely be larger and bulk mineable."
...
GoldMinerPulse Most Optimistic Resource Estimate Summary (MORE):
Metrics last with prices in effect at the TSX/TSXV close on 2010-03-09
Project/Deposit CC MVpSh PP% MI% I% Gold Silver Copper Lead Zinc
    San Miguel MX $15.32 0 4% 96% 419.64 K oz     66.65 M oz     2.64 K t     36.90 K t     76.61 K t
    San Miguel Clavo 99 MX $7.00 0 0 100% 424.49 K oz     18.53 M oz          11.11 K t     20.92 K t
    San Miguel Clavo 66 MX $4.26 0 0 100% 191.52 K oz     6.12 M oz          25.81 K t     65.13 K t

GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Mar-09
Metric / Metal Gold Silver Copper Lead Zinc
    Metal Totals 1.04 M oz     91.30 M oz     2.64 K t     73.82 K t     162.65 K t
    Metal Prices in US$ (from 2010-03-09) $1,120.10 per oz     $17.27 per oz     $3.38830 per lb     $1.00590 per lb     $1.05740 per lb
    Metal Value per Share (MVpSh)
(Shown in US$ and based on fully diluted share count shown below) $9.35     $12.71     $0.16     $1.32     $3.06
    Percentage of Total Metal Value 35.16%     47.79%     0.60%     4.96%     11.49%
    PP% | MI% | I% 0 | 1% | 99%     0 | 3% | 97%     0 | 4% | 96%     0 | 2% | 98%     0 | 2% | 98%

GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Mar-09
    Metal Value per Share (MVpSh)    US$26.59
    Average Ore Value per Tonne    US$79.76
    Metal Value Leverage (MVL)    15.16
    Market Capitalization as % of Metal Value    6.6%
    Recent Stock Price    C$1.8   (TSX/TSXV close on 2010-03-09.)
Conversion rate used: 1 Cnd$ = 0.974456 US$ )
    Fully Diluted Share Count    124.10 M    ( Fully dilutes share count is from slide 25 of 29 in the Investor Presentation, January 12 2010. )
    PP% | MI% | I%    0 | 2% | 98%
Gold Metrics-- all Projects/Deposits
    Average Gold Ore Grade    0.779 g/t
    Market Capitalization
    per oz of Gold In Ground    $210.18   US$  |   215.69   C$
    Gold Eq Oz Estimate    2.95 M oz   ( 1.04 M oz are in ground)
    Market Capitalization
    per oz of Gold Equilavent    $73.90   US$  |   75.83   C$
Silver Metrics-- all Projects/Deposits
    Average Silver Ore Grade    68.6 g/t
    Market Capitalization
    per oz of Silver In Ground    $2.38   US$  |   2.45   C$
    Silver Eq Oz Estimate    191.05 M oz   ( 91.30 M oz are in ground)
    Market Capitalization
    per oz of Silver Equilavent    $1.14   US$  |   1.17   C$

See terms for more about GoldMinerPulse metrics.
Additional Notes:
Paramount Gold and Silver Corp.'s San Miguel Project Hosts 2.645 Million Ounces Inferred Resources (Gold eq.)    -   December 1, 2008- Paramount Gold and Silver Corp.
Paramount Gold and Silver Corp. (NYSE.A: PZG) (TSX: PZG) (Frankfurt: P6G, WKN: A0HGKQ) is pleased to announce the resource estimate for its two Clavos 66 and 99 has established inferred resources of 1.512 million ounces gold and gold equivalents at the 100% owned San Miguel Project in Chihuahua, Mexico. A total of 2.645 million ounces of gold and gold equivalent in situ inferred resources and 0.055 million ounces of indicated resources at the San Miguel Project has been identified in drilling to date.
GoldMinerPulse Coverage Status:
GoldMinerPulse coverage of Paramount Gold and Silver Corp. is complete pending a final internal review.

Project/Deposit	CC	MVpSh	PP%	MI%	I%	Gold	Silver	Copper	Lead	Zinc
San Miguel	MX	$15.32	0	4%	96%	419.64 K oz	66.65 M oz	2.64 K t	36.90 K t	76.61 K t
San Miguel Clavo 99	MX	$7.00	0	0	100%	424.49 K oz	18.53 M oz		11.11 K t	20.92 K t
San Miguel Clavo 66	MX	$4.26	0	0	100%	191.52 K oz	6.12 M oz		25.81 K t	65.13 K t

GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Mar-09
Metric / Metal	Gold	Silver	Copper	Lead	Zinc
Metal Totals	1.04 M oz	91.30 M oz	2.64 K t	73.82 K t	162.65 K t
Metal Prices in US$ (from 2010-03-09)	$1,120.10 per oz	$17.27 per oz	$3.38830 per lb	$1.00590 per lb	$1.05740 per lb
Metal Value per Share (MVpSh) (Shown in US$ and based on fully diluted share count shown below)	$9.35	$12.71	$0.16	$1.32	$3.06
Percentage of Total Metal Value	35.16%	47.79%	0.60%	4.96%	11.49%
PP% \| MI% \| I%	0 \| 1% \| 99%	0 \| 3% \| 97%	0 \| 4% \| 96%	0 \| 2% \| 98%	0 \| 2% \| 98%

GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Mar-09
Metal Value per Share (MVpSh)	US$26.59
Average Ore Value per Tonne	US$79.76
Metal Value Leverage (MVL)	15.16
Market Capitalization as % of Metal Value	6.6%
Recent Stock Price	C$1.8 (TSX/TSXV close on 2010-03-09.) Conversion rate used: 1 Cnd$ = 0.974456 US$ )
Fully Diluted Share Count	124.10 M ( Fully dilutes share count is from slide 25 of 29 in the Investor Presentation, January 12 2010. )
PP% \| MI% \| I%	0 \| 2% \| 98%
Gold Metrics-- all Projects/Deposits
Average Gold Ore Grade	0.779 g/t
Market Capitalization per oz of Gold In Ground	$210.18 US$ \| 215.69 C$
Gold Eq Oz Estimate	2.95 M oz ( 1.04 M oz are in ground)
Market Capitalization per oz of Gold Equilavent	$73.90 US$ \| 75.83 C$
Silver Metrics-- all Projects/Deposits
Average Silver Ore Grade	68.6 g/t
Market Capitalization per oz of Silver In Ground	$2.38 US$ \| 2.45 C$
Silver Eq Oz Estimate	191.05 M oz ( 91.30 M oz are in ground)
Market Capitalization per oz of Silver Equilavent	$1.14 US$ \| 1.17 C$

See terms for more about GoldMinerPulse metrics.

San Miguel - ^top^

(NI) 43-101 Report:

Title: REPORT ON THE SAN MIGUEL PROJECT GUAZAPARES MINING DISTRICT CHIHUAHUA, MEXICO for PARAMOUNT GOLD AND SILVER CORP.
Date: 2008-06-13 (205 pages)

Project Location: Chihuahua, Mexico / Mining Region: Sierra Madre Occidental gold/silver belt

Map View: View Google Map.

Most Optimistic Resource Estimates (MORE):

•Indicated

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Gold $0.11    11.81 K oz     0.270 g/t     1.36 M t
   Silver $0.43    3.10 M oz     71.000 g/t     1.36 M t
   Copper $0.01    0.11 K t       78.000 g/t     1.36 M t
   Lead $0.03    1.50 K t       1,100.000 g/t     1.36 M t
   Zinc $0.05    2.86 K t       2,100.000 g/t     1.36 M t
Estimate notes: See NI 43-101 p. 166 of 205.
25 g/t of silver equivalent cut off.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.11	11.81 K oz	0.270 g/t	1.36 M t
Silver	$0.43	3.10 M oz	71.000 g/t	1.36 M t
Copper	$0.01	0.11 K t	78.000 g/t	1.36 M t
Lead	$0.03	1.50 K t	1,100.000 g/t	1.36 M t
Zinc	$0.05	2.86 K t	2,100.000 g/t	1.36 M t
Estimate notes: See NI 43-101 p. 166 of 205. 25 g/t of silver equivalent cut off.

•Inferred

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Gold $3.68    407.83 K oz     0.430 g/t     29.50 M t
   Silver $8.84    63.55 M oz     67.000 g/t     29.50 M t
   Copper $0.15    2.54 K t       86.000 g/t     29.50 M t
   Lead $0.63    35.40 K t       1,200.000 g/t     29.50 M t
   Zinc $1.39    73.75 K t       2,500.000 g/t     29.50 M t
Estimate notes: See NI 43-101 p. 166 of 205.
25 g/t of silver equivalent cut off

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$3.68	407.83 K oz	0.430 g/t	29.50 M t
Silver	$8.84	63.55 M oz	67.000 g/t	29.50 M t
Copper	$0.15	2.54 K t	86.000 g/t	29.50 M t
Lead	$0.63	35.40 K t	1,200.000 g/t	29.50 M t
Zinc	$1.39	73.75 K t	2,500.000 g/t	29.50 M t
Estimate notes: See NI 43-101 p. 166 of 205. 25 g/t of silver equivalent cut off

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$1.73	191.52 K oz	1.500 g/t	3.97 M t
Silver	$0.85	6.12 M oz	47.900 g/t	3.97 M t
Lead	$0.46	25.81 K t	6,500.000 g/t	3.97 M t
Zinc	$1.22	65.13 K t	16,400.000 g/t	3.97 M t
Estimate notes: See (NI) 43-101 Table 17.4.2 La Union In-Situ Contained Metals on p. 42 of 58. 1 g/t cut off

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$3.83	424.49 K oz	2.020 g/t	6.54 M t
Silver	$2.58	18.53 M oz	88.200 g/t	6.54 M t
Lead	$0.20	11.11 K t	1,700.000 g/t	6.54 M t
Zinc	$0.39	20.92 K t	3,200.000 g/t	6.54 M t
Estimate notes: See (NI) 43-101 Table 17.3.2 San Miguel In-Situ Contained Metals on p. 42 of 58. 1 g/t cut off


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