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Paramount Gold Announces The Voting Results Of Its 2023 Annual General Meeting

WINNEMUCCA, Nev., Dec. 13, 2023 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (“Paramount” or the “Company”) (NYSE American: PZG) announces the results of the votes from its annual general meeting of the stockholders which was held on December 12, 2023. There were 58,920,703 shares outstanding and entitled to vote at the meeting as of the record date of October 16, 2023, of which, 32,421,551 shares or 55.03% voted.

The stockholders elected the following eight individuals to Paramount’s Board of Directors for a one year term expiring at the 2024 Annual General Meeting: Rudi Fronk, Glen Van Treek, Rachel Goldman, Christopher Reynolds, John Carden, Eliseo Gonzalez-Urien, Pierre Pelletier and Samantha Espley.

Detailed voting results of the election of directors were as follows:

Name of Nominee For Withheld Percentage
Rudi Fronk 20,416,423 1,211,636 94.40% 5.60%
Glen Van Treek 20,805,668 822,391 96.20% 3.80%
Rachel Goldman 20,658,637 969,422 95.52% 4.48%
Christopher Reynolds 20,688,434 939,625 95.66% 4.34%
John Carden 20,566,910 1,061,149 95.09% 4.91%
Eliseo Gonzalez-Urien 20,740,696 887,090 95.90% 4.10%
Pierre Pelletier 20,750,912 877,147 95.94% 4.06%
Samantha Espley 20,743,157 884,902 95.91% 4.09%

There were 10,793,492 broker non-votes.

The stockholders ratified Moss Adams LLP as our independent registered public accounting firm for the fiscal year ended June 30, 2024 with 31,706,208 (97.80 %) voting ‘for’, 72,763 (0.22 %) voting ‘against’ and 642,580 (1.98 %) abstaining to vote.

The stockholders voted to approve an amendment to the Company’s 2016 stock incentive and equity compensation plan which increased the maximum shares available to issue by 2 million with 19,606,346 (90.65 %) voting ‘for’, 1,762,263 (8.15 %) voting ‘against’ and 259,450 (1.20 %) abstaining to vote.

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About Paramount Gold Nevada Corp.

Paramount Gold Nevada Corp. is a U.S. based precious metals exploration and development company. Paramount’s strategy is to create shareholder value through exploring and developing its mineral properties and to realize this value for its shareholders in three ways: by selling its assets to established producers; entering joint ventures with producers for construction and operation; or constructing and operating mines for its own account.

Paramount holds a 100% interest in four gold projects: Grassy Mountain; Frost; Sleeper and Bald Peak.

The Grassy Mountain Gold Project ("Grassy") consists of approximately 8,200 acres located on private and BLM land in Malheur County, Oregon. Grassy contains a gold-silver deposit (100% located on private land) for which results of a positive Feasibility Study have been released and key permitting milestones accomplished.

Frost is comprised of 84 unpatented lode claims covering approximately 1,730 acres located 12 miles southwest of the Company’s proposed high-grade, underground Grassy in Malheur County, Oregon.

The Sleeper Gold Project is located in Northern Nevada, the world’s premier mining jurisdiction. The Sleeper Gold Project, which includes the former producing Sleeper mine, totals 2,474 unpatented mining claims (approximately 44,917 acres).

The drill ready, Bald Peak Project in Nevada, consists of approximately 2,260 acres.

Safe Harbor for Forward-Looking Statements

This release and related documents may include "forward-looking statements" and “forward-looking information” (collectively, “forward-looking statements”) pursuant to applicable United States and Canadian securities laws. Paramount’s future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable securities laws. Words such as "believes," "plans," "anticipates," "expects," "estimates" and similar expressions are intended to identify forward-looking statements, although these words may not be present in all forward-looking statements. Forward-looking statements included in this news release include, without limitation, statements with respect to the use of proceeds from the Offerings. Forward-looking statements are based on the reasonable assumptions, estimates, analyses and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable. Assumptions have been made regarding, among other things: the conclusions made in the feasibility study for the Grassy Mountain Gold Project (the “FS”); the quantity and grade of resources included in resource estimates; the accuracy and achievability of projections included in the FS; Paramount’s ability to carry on exploration and development activities, including construction; the timely receipt of required approvals and permits; the price of silver, gold and other metals; prices for key mining supplies, including labor costs and consumables, remaining consistent with current expectations; work meeting expectations and being consistent with estimates and plant, equipment and processes operating as anticipated. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including, but not limited to: uncertainties involving interpretation of drilling results; environmental matters; the ability to obtain required permitting; equipment breakdown or disruptions; additional financing requirements; the completion of a definitive feasibility study for the Grassy Mountain Gold Project; discrepancies between actual and estimated mineral reserves and mineral resources, between actual and estimated development and operating costs and between estimated and actual production; the global epidemics, pandemics, or other public health crises, including the novel coronavirus (COVID-19) global health pandemic, and the spread of other viruses or pathogens and the other factors described in Paramount’s disclosures as filed with the SEC and the Ontario, British Columbia and Alberta Securities Commissions.
Except as required by applicable law, Paramount disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this document.

Paramount Gold Nevada Corp.
Rachel Goldman, Chief Executive Officer
Christos Theodossiou, Director of Corporate Communications
Twitter: @ParamountNV

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