Paramount Gold Nevada Announces Public Offering of Common Stock

WINNEMUCCA, NV, Oct. 2, 2017

In addition, concurrently with the public offering of common stock, the Company intends to sell, on a private placement basis, up to 1.8 million shares of common stock to FCMI Parent Co. (up to 1.1 million shares) and Seabridge Gold Inc. (up to 700,000 shares) at the same price per share as the shares of common stock sold to the public in the public offering.

The closings of the public offering and the private placement are anticipated to occur on or about October 12, 2017 subject to the satisfaction of customary closing conditions, including approval of the NYSE American.

Proceeds from the public offering and the private placement will be used primarily to complete the Pre-feasibility Study on the Grassy Mountain Project with a portion also going towards permitting.  Other uses of proceeds will include general corporate purposes.

Canaccord Genuity Corp. and Cantor Fitzgerald Canada Corporation are acting as joint-bookrunners of the offering and Roth Capital Partners is acting as a co-manager.

The offering is being made in the United States pursuant to a preliminary prospectus supplement and the accompanying prospectus under the Company's effective shelf registration statement on Form S-3 (File No. 333-218295) that was filed with the United States Securities and Exchange Commission ("SEC") on May 26, 2017, and declared effective by the SEC on June 8, 2017 and in Canada pursuant to its preliminary short-form  prospectus filed with the securities regulatory authorities in the Provinces of Ontario, Alberta and British Columbia. 

Copies of these documents will be available at www.sec.gov and www.sedar.com, respectively.