TORONTO, ONTARIO -- (MARKET WIRE) -- 09/04/07 -- Paramount Gold & Silver Corp. (TSX: PZG)(AMEX: PZG)(FRANKFURT: P6G)(WKN: A0HGKQ) is pleased to announce that they have been approved for trading their common shares on the Toronto Stock Exchange under the symbol 'PZG'. Paramount will commence trading on the TSX Wednesday, September 5, 2007, at 9:30 am EST. Christopher Crupi, President and CEO of Paramount Gold & Silver Corp., stated, "Our listing on the Toronto Stock Exchange compliments our recent listing on the American Stock Exchange and continues to provide a liquid market for our existing and future shareholder base. The TSX listing increases the visibility to the global marketplace and improves access and increases visibility to future shareholders to participate in a new silver discovery in Mexico." About Paramount Gold Paramount Gold is listed on the AMEX and TSX under the symbol PZG and 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 Sierra Madre, Temoris mining district of Mexico. Paramount has completed 15,000 meters of drilling, totaling 98 drill holes on the project with results pending on the last 25 of these holes. In early 2007, Paramount began a 50,000 meter drill program, of which 8,000 meters have been completed to date. In March 2007, Paramount completed a $21.8 million financing which is being utilized to develop their San Miguel project 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 President and CEO Toll-Free: 1-866-481-2231 613-226-9881 Paramount Gold and Silver Corp. Chris Halkai Corporate Relations Toll-free: 1-866-481-2231 613-226-9881 --- End of Message --- Paramount Gold Mining Corp. 346 Waverley Street, Suite 110 Ottawa, Ontario Canada WKN: A0HGKQ; ISIN: US69924P1021; Listed: Freiverkehr in Bayerische Börse München, Freiverkehr in Börse Stuttgart, Freiverkehr in Frankfurter Wertpapierbörse, Freiverkehr in Börse Berlin;