Paramount Gold Nevada Corp. · AMEX:PZG
Paramount Gold Nevada — Investor Presentation (December 2025)
18 slides from Paramount Gold Nevada's investor presentation, December 2025
Slide 1: 2025: A Pivotal Year in Permitting
2025: A Pivotal Year in Permitting
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation only 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 prosp
Slide 3: Investment Highlights
Investment Highlights • 100% Owned U.S. Assets in Oregon and Nevada • Grassy Mountain on the FAST-41 transparency list • Over 4 million ounces of total gold resources • Major shareholders own ~30% (FCMI, Seabridge Gold, Ausenco, and insiders) 3 NOTE: Ownership calculated on a basic share basis as re
Slide 4: 2025 – A Year of Regulatory & Permitting Breakthroughs
2025 – A Year of Regulatory & Permitting Breakthroughs March 2025: Executive Order ‘Immediate Measures To Increase American Mineral Production’ May 2025: Grassy Mountain added to the FAST- 41 transparency list • Provides the transparency afforded by FAST-41, leading to greater accountability, ensuri
Slide 5: A Transparent, Accelerated Pathway to Near Term Production in an Elevated Gold Price Environment
A Transparent, Accelerated Pathway to Near Term Production in an Elevated Gold Price Environment January 23, 2026 Final EIS & Record of Decision • Bureau of Land Management (BLM) Jan/Feb 2026 Public Review & Comment • Department of Geology & Mineral Industries (DOGAMI) Q1/Q2 2026 Final State Permits
Slide 6: Grassy Mountain Location: Eastern Oregon
Grassy Mountain Location: Eastern Oregon 20 miles S of Vale Aerial view of Grassy Mountain in underdeveloped eastern 30 miles SSW of Ontario Oregon 70 miles West of Boise 6
Slide 7: Malheur County: Income vs Grassy Projected
Malheur County: Income vs Grassy Projected Potential contribution from Grassy Mountain • ~32,000 Job creation: • Median household income $49k* • 112 direct - average projected salary vs. $70k statewide ~$70,000 to $80,000 plus benefits • 20% poverty rate vs. 12% in • 52 indirect jobs Oregon • 34 ind
Slide 8: Grassy Mountain: Feasibility Study Robust Project Economics – Post Tax
Grassy Mountain: Feasibility Study Robust Project Economics – Post Tax FEASIBILITY STUDY HIGHLIGHTS METRICS AT $2,100 Au • ~1M ounces of total Au resources • Cash operating cost of $681 & AISC of $815 (per oz of Au) • 380,000 oz P&P reserves @ 6.8 g/t Au • IRR of 32% and NPV (5%) of $189M • CapEx: I
Slide 9: Grassy Mountain Deposit
Grassy Mountain Deposit Elevation (ft.) 3800 3600 3400 3200 3000 200 ft 9
Slide 10: Sleeper Gold – Northern Nevada
Sleeper Gold – Northern Nevada Former High-Grade Producer of 1.7 million ounces at average head grade of ~7 g/t gold form 1986-96 10
Slide 11: Sleeper Gold: Initial Resource & Development Plans
Sleeper Gold: Initial Resource & Development Plans Au Au Ag Ag Tonnes Grade (000’s Grade (000’s (000’s) (g/T) ozs) (g/T) ozs) Measured 4,902 0.537 85 3.61 570 Indicated 158,337 0.356 1,812 4.06 20,661 Inferred 119,909 0.315 1,214 2.45 9,454 Source: S-K 1300 Technical Report Summary Initial Assessmen
Slide 12: Sleeper Gold – Historic Drilling
Sleeper Gold – Historic Drilling • Data from over 300,000 blast holes • Over 4,000 drill holes (pre-PZG ) • PZG drilled 75 Core and RC holes • 65 RC holes drilled to test waste dumps (PZG) • 9 sonic drill holes at Waste Dumps 12
Slide 13: Bald Peak, Mineral County, Nevada
Bald Peak, Mineral County, Nevada Low initial capital with option to acquire 100% Parallel structure to former producing gold mines Minimal spend to advance to drill program 13
Slide 14: Bald Peak, Mineral County, Nevada
Bald Peak, Mineral County, Nevada Surface samples avg. 2.62g/T and up to 10.85 g/T gold with all 44- intersecting gold CSAMT identifies anomalies that coincide with sampling Permitted with drill ready program 14
Slide 15: Management & Consultants
Experienced Team Rachel Goldman Rudi Fronk (Chairman) CEO & Director Chairman & CEO of Seabridge Gold Carlo Buffone Christopher Reynolds Management & CFO CFO of Seabridge Gold Consultants Directors Christos Theodossiou Eliseo Gonzalez-Urien Corporate Communications & Corporate Secretary Professional
Slide 16: Capital Structure & Research Coverage
Capital Structure & Research Coverage Market Cap $95 Million S/O Basic 78 Million (~79.5 Million FD) ADTV 640,300 Cash Balance $5.25 M (as reported in our 10-K – includes subsequent events) Ownership Retail ~69% | Insiders ~20% | Institutional ~11% EV/Resources $21 / oz. Alliance Global Partners (Ja
Slide 17: 2025 sets the stage for Paramount to become Oregon's first modern gold producer
A Transparent, Accelerated Pathway to Near Term Production in an Elevated Gold Price Environment 2025 sets the stage for Paramount to become Oregon’s first modern gold producer • Draft State Permits Jan. 23, 2026 • DOGAMI public Q1/Q2 2026 •Updated released by DOGAMI hearing set for Jan. Feasibility
Slide 18: Investor Relations
INVESTOR RELATIONS Christos Theodossiou Director of Corporate Communications 1.844.488.2233 | ctheo@paramountnevada.com Follow us on:
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