Paramount Gold Nevada Corp. · AMEX:PZG
Paramount Gold Nevada — Investor Presentation (September 2026)
17 slides from Paramount Gold Nevada's investor presentation, September 2026
Slide 1: Advancing High-Value U.S. Gold Assets
NYSE AMERICAN: PZG ADVANCING HIGH-VALUE U.S. GOLD ASSETS CORPORATE PRESENTATION SEPTEMBER 2026
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: Company Overview
COMPANY OVERVIEW GRASSY MOUNTAIN PROJECT Final permitting / advanced development TIER-1 U.S. PORTFOLIO 100% owned gold assets in Oregon and Nevada SLEEPER PROJECT Past producer / restart opportunity Advancing two development projects, including Oregon’s first modern gold mine >50,000 ~5.7 Moz ACRES
Slide 4: Grassy Mountain Project
GRASSY MOUNTAIN PROJECT MALHEUR COUNTY, EASTERN OREGON, USA 20 MILES SOUTH OF VALE, OREGON | 70 MILES AERIAL VIEW OF GRASSY MOUNTAIN IN WEST OF BOISE, IDAHO UNDERDEVELOPED EASTERN OREGON 4
Slide 5: 2026 Feasibility Study Update: Strong Project Economics
GRASSY MOUNTAIN PROJECT 2026 FEASIBILIT Y ST UDY UPDAT E | ST RO NG PRO J ECT ECO NO MICS ( AFT ER- T AX ) $375M NPV (5%) 39% IRR 2.2-year Payback BASE CASE ($3,600/OZ) BASE CASE ($3,600/OZ) ($3,600/OZ GOLD) $609M NPV (5%) 55% IRR 1.4-year Payback U P S I D E C AS E ( $ 4 , 6 1 8 / o z ) U P S I D E
Slide 6: Grassy Mountain Project East-West Cross-Section
GRASSY MOUNTAIN PROJECT EAST-WEST CROSS-SECTION | CONFIRMING SHALLOW, HIGH-GRADE MINERALIZATION Elevation (ft.) 3800 3600 3400 Gold g/T 3200 0 – 0.3 0.3 – 0.8 0.8 – 1.5 1.5 – 3 3+ 200 ft 3000 8
Slide 7: Grassy Mountain Key Development Milestones
GRASSY MOUNTAIN PROJECT KEY DEVELOPMENT MILESTONES DECEMBER JANUARY FEBRUARY MAY SEPTEMBER H2 2025 2026 2026 2026 2026 2026E Draft Federal State Public Updated BLM Plan of Final State Consolidated Approval Comment Period Feasibility Operations Permits State Permit Received - and Hearing Study Result
Slide 8: Economic Benefits for Malheur County
GRASSY MOUNTAIN PROJECT ECONOMIC BENEFITS FOR MALHEUR COUNTY Population ~32,000 | Poverty Rate 20% | Median income ~$49k1 vs ~$70k statewide Grassy Mountain is expected to become a major economic contributor to Malheur County 198 112 $142M TOTAL DIRECT JOBS TOTAL JOBS Avg $110K SALARY ECONOMIC DIREC
Slide 9: Sleeper Project
SLEEPER PROJECT HUMBO LDT CO UNT Y, NO RT HERN NEVADA, USA NEVADA Ranked #1 globally for investment attractiveness* ~4.3 Moz gold resources 1.99 Moz M&I | 2.3 Moz Inferred ~45,000 acres Historic production of ~1.66 Moz Au | 2.3 Moz Ag 9 * Fraser Institute 2025.
Slide 10: Sleeper Project Heap-Leach Redevelopment Pathway
SLEEPER PROJECT HEAP-LEACH REDEVELOPMENT PATHWAY • Positive Initial Assessment complete (S-K 1300) ~175 Mt Mineralized tonnes mined over LOM • Focused on oxide, mixed and surface material; crush-agglomerate-heap-leach ~47 Mt waste rock dumps | ~420,000 recoverable oz Au processing • Streamlined perm
Slide 11: Sleeper Positive Initial Assessment: Strong Project Economics
SLEEPER PROJECT POSITIVE INITIAL ASSESSMENT COMPLETE | STRONG PROJECT ECONOMICS ( AFT ER- T AX ) $402M NPV (8%) 45% IRR 1.4-Year Payback Base Case ($3,600/oz) Base Case ($3,600/oz) ($3,600/oz gold) $867M NPV (8%) 66% IRR 1.2-Year Payback UPSIDE CASE ($4,700/oz) UPSIDE CASE ($4,700/oz) UPSIDE CASE ($
Slide 12: Sleeper First Five Years vs. Life of Mine
SLEEPER PROJECT FIRST FIVE YEARS VS. LIFE O F MINE | ST RO NG EARLY CASH FLO W PRO FILE FIRST FIVE YEARS LIFE OF MINE METRIC Base Case Upside Case Base Case Upside Case ($3,600/oz) ($4,700/oz) ($3,600/oz) ($4,700/oz) Strip Ratio (waste:ore) 0.74 0.74 1.52 1.52 Gold Production (koz) 348 348 1,101 1,1
Slide 13: High Level of Geological Confidence
SLEEPER PROJECT HIGH LEVEL OF GEOLOGICAL CONFIDENCE Extensive drilling database supports a well-defined gold resource HISTORIC MINING DATA 300,000+ blast holes WASTE DUMP TESTING 65 RC holes (PZG) 9 sonic holes DRILLING DATABASE 4,000+ historic holes (pre-PZG) 75 core and RC holes (PZG) 13
Slide 14: Experienced Leadership Team
EXPERIENCED LEADERSHIP TEAM DEEP TECHNICAL, FINANCIAL AND PERMITTING EXPERTISE MANAGEMENT & CONSULTANTS BOARD OF DIRECTORS RUDI FRONK (CHAIRMAN) Chairman & CEO, Seabridge Gold RACHEL GOLDMAN CARLO BUFFONE CHRISTOS THEODOSSIOU CHRISTOPHER REYNOLDS CEO & Director CFO Corporate Communications Former CF
Slide 15: Capital Summary
CAPITAL SUMMARY SHARE PRICE - 12 MONTHS MARKET DATA2 $3.00 1.6 Volume (M) 1.4 BASIC SHARES OUTSTANDING 86.1M $2.50 Shareprice (US$) 1.2 $2.00 1.0 FD SHARES OUTSTANDING 90.0M $1.50 0.8 0.6 $1.00 SHARE PRICE $1.33 0.4 $0.50 0.2 $0.00 0.0 MARKET CAPITALIZATION $114M 52-WEEK HIGH-LOW $0.95 -$2.71 AVG DA
Slide 16: Upcoming Catalysts
UPCOMING CATALYSTS Q2 2026 Q2 2026 H2 2026E H2 2026E Updated Initial Final Infill Feasibility Assessment State Drilling Study (S-K 1300) Permits GRASSY MOUNTAIN SLEEPER GRASSY MOUNTAIN SLEEPER 17
Slide 17: Contact Us
CONTACT US INVESTOR RELATIONS IR@paramountnevada.com | 1-844-488-2233 www.paramountnevada.com Follow us on: Follow us on:
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