Paramount Gold Nevada Corp. · AMEX:PZG

Paramount Gold Nevada — Investor Presentation (October 2025)

18 slides from Paramount Gold Nevada's investor presentation, October 2025

  1. Slide 1: 2025: A Pivotal Year in Permitting

    2025: A Pivotal Year in Permitting

  2. 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

  3. 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

  4. 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

  5. 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 Q4 2025 Draft State Permits • Department of Geology & Mineral Industries (DOGAMI) December 2025 Final EIS • Bureau of Land Management (BLM) December 2025 Record of Decision • Bureau of Land Management (B

  6. 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

  7. 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

  8. Slide 8: Grassy Mountain: Feasibility Study Robust Project Economics – Post Tax

    Grassy Mountain: Feasibility Study Robust Project Economics – Post Tax MINING OPERATIONS 2022 FS @ $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 • CapEx: Initial $136M | Sustaining $36.1M • 750 tpd mill

  9. Slide 9: Grassy Mountain Deposit

    Grassy Mountain Deposit Elevation (ft.) 3800 3600 3400 3200 3000 200 ft 9

  10. 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

  11. 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

  12. 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

  13. 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

  14. 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

  15. 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

  16. Slide 16: Capital Structure & Research Coverage

    Capital Structure & Research Coverage Market Cap $95 Million S/O Basic 78 Million (~79.5 Million FD) ADTV 612,500 Cash Balance $5.25 M (as reported June 30, 2025 – including subsequent events) Ownership Retail ~69% | Insiders ~20% | Institutional ~11% EV/Resources $21 / oz. Alliance Global Partners

  17. 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 Q4 2025 Q1 2026 •DEIS public comment •FINAL EIS & Record of period ends on •Draft State Permits Decision anticipated •DOGAM

  18. 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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