Paramount Gold Nevada (PZG) Corporate presentation summary

Project portfolio and development status

• Holds 100% ownership of gold assets in Oregon and Nevada, advancing two development-stage projects with over 4 million ounces of gold resources across both sites.

• Grassy Mountain project in Oregon is in final permitting and advanced development, aiming to be the state's first modern gold mine.

• Sleeper project in Nevada features a district-scale gold system with approximately 3 million ounces of resources and significant exploration upside.

Grassy Mountain project economics and milestones

• 2026 feasibility study shows a base case NPV (5%) of $374.7M and IRR of 38.9% at $3,600/oz gold, with an upside case NPV of $608.6M and IRR of 55.4% at $4,618/oz.

• Project metrics include 9.3 years mine life, 385.8 koz total recovered gold, and 41.4 koz annual gold production.

• Initial capital requirement is $189.9M, with a 2.2-year payback period in the base case.

• Key permitting milestones achieved in 2025 and 2026, with final state permits and feasibility study completed.

Economic and community impact

• Expected to generate 198 total jobs (112 direct) in Malheur County, Oregon, with average direct salaries of $110K plus benefits.

• Projected to contribute $142M in total economic activity to the local area.