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Public Companies : Financials


Paramount Gold and Silver Corp. Adds Senior Technical Advisor to Team

Apr 11, 2008 - 9:36:01 AM

News Source MARKET WIRE

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CHIHUAHUA, MEXICO -- (MARKET WIRE) -- 04/11/08 -- Paramount Gold and Silver Corp (TSX: PZG)(AMEX: PZG)(FRANKFURT: P6G)(WKN: A0HGKQ) is pleased to announce the addition of Danny Sims as Senior Technical Advisor. Dr. Sims has a bachelor's degree from the University of Cincinnati, M.S. and Ph.D. degrees in economic geology from the University of Arizona, and a J.D. degree from the University of Arizona. Dr. Sims is a fellow member of the Society of Economic Geologists, a California licensed Professional Geologist, and a member of the Arizona Bar. He has over 20 years of experience in the industry with a wide array of skills.

Dr. Sims' first task and priority as part of the Paramount team is to lead the upcoming National Instrument 43-101 compliant resource estimate at their San Miguel Project in Mexico.

Dr. Sims started his career as an exploration geologist, working first for Newmont Exploration, and later for Cominco Alaska Exploration. He began working in active mines while conducting his Ph.D. research at Cominco's Red Dog Mine, where his study of the relationship of ore and structural geology predicted the location of the yet undiscovered Aqquluk deposit (published inferred reserve of 76 Mt grading 13.7% zinc, 3.6% lead, and 66 g/t silver).

After graduate school, Dr. Sims became Senior Geologist and Partner with Call & Nicholas, Incorporated. While at Call & Nicholas, he supported engineers in the design of open pit and underground mines throughout North America, South America, and Asia by developing detailed structural geology maps, databases, and interpretations. Some of the mines that Dr. Sims conducted significant work at as a consultant include Freeport McMoRan's Grasberg, IOZ, DOZ, and Kucing Liar mines (copper-gold); Cuajone, Tyrone, Chino, and Sierrita (porphyry copper); Thompson Creek (molybdenum); Refugio, Lone Tree and Twin Creeks (gold); Diavik (diamonds); Calaveras (limestone); Rasmussen Ridge (phosphate), and Boron (borax). Dr. Sims coauthored an invited paper that describes the methodology that Call & Nicholas developed for structural geology analysis of ore deposits in a publication titled Collecting and Using Geologic Structure Data for Slope Design, in, Slope Stability in Surface Mining, SME (2000).

Dr. Sims also practiced mining law and commercial litigation with Ryley Carlock & Applewhite. At RCA he conducted legal due diligence for the purchase of mining properties, worked with federal regulators, and did extensive work to successfully secure legal title of disputed mining claims.

"Safe-Harbor" Statement: This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company may not be realized. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially.



The Toronto Stock Exchange has not reviewed and therefore does not accept responsibility for the adequacy or accuracy of this release.

Contacts:
Paramount Gold and Silver Corp.
Christopher Crupi, CEO
Chris Halkai, Investor Relations
866-481-2233
613-226-9881



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