Paramount Gold Nevada Corp. announced that the State of Oregon's Technical Review Team (TRT), which is comprised of the agencies involved in the Chemical Process Mining program has determined that Paramount's Consolidated Permit Application (CPA) for its Grassy Mountain Project is complete. State agencies are now expected to start permit writing for the high-grade Grassy Mountain gold and silver mine.

The decision was unanimously approved by the TRT at a public meeting on October 4, 2023. With the completeness determination by the TRT, the next step is for The Oregon Department of Geology and Mineral Industries (the "DOGAMI"), the facilitating agency of the TRT, to issue the Notice to Proceed (the "Notice"). The DOGAMI expects to issue final consolidated permits for the Grassy Mountain Mine one year from the issuance of the Notice in concurrence with State laws.

As part of the permitting process, the State of Oregon is required to concurrently complete an environmental evaluation and socio-economic analysis ("EE") for the proposed Grassy Mountain Mine. Following the approval of the scope of the EE earlier this year, Stantec, a global leader in engineering, architecture and environmental consulting, has already commenced the EE that is expected to be completed in early 2024.