Paramount Gold Nevada (PZG) Corporate presentation summary

Asset portfolio and project overview

• Holds 100% ownership of gold assets in Oregon and Nevada, covering over 50,000 acres with significant exploration potential.

• Advancing two key projects: Grassy Mountain (Oregon) in final permitting and advanced development, and Sleeper (Nevada), a past producer with restart potential.

• Combined gold resources total approximately 5.7 million ounces across both projects.

Grassy Mountain project highlights

• 2026 feasibility study shows strong economics: $375M NPV (5%) base case, $609M NPV (5%) upside, with IRR of 39%–55%.

• Projected mine life of 9.3 years, producing 41.4 koz gold and 51.5 koz silver annually, with 93% gold recovery.

• Initial capital requirement of $189.9M, with a 2.2-year payback at $3,600/oz gold.

• Permitting milestones achieved in 2026, including federal and state approvals and updated feasibility study.

• Expected to generate 198 jobs and $142M in economic activity for Malheur County, Oregon.

Sleeper project highlights

• Positive initial assessment completed, with $402M NPV (8%) base case and $867M NPV (8%) upside; IRR ranges from 45% to 66%.

• 17-year mine life, producing 65 koz gold and 205 koz silver per year, with 1.99 Moz M&I and 2.3 Moz inferred gold resources.

• Heap-leach redevelopment pathway with $8.7M advancement program recommended toward pre-feasibility.

• Strong early cash flow profile, with $514M after-tax cash flow in the first five years (base case).

• Extensive drilling and historic mining data support a well-defined resource.