Paramount Mining Corporation Limited

Paramount Mining Corporation Limited (Paramount) is engaged in the acquisition and development of interests in diamond exploration properties within Western Australia, Ghana and South Africa. The Company's projects in Ghana include Osenase project and Ochinso Project. In South Africa the Company in agreement with Rox Resources Limited acquired twelve projects with granted tenure, including two alluvial diamond projects and other ground containing poorly tested diamondiferous kimberlites, including the Z1 pipe up to five hectares in area, acquired through De Beers. In Australia the Company carries on its operations on Ullawarra project and Ellendale tenements.