Paramount Mining Corporation Ltd

Paramount Mining Corporation Ltd

Proposed code: PCP

Issue price: $0.20 plus free attaching options expiring December 30 2006 exercisable at 20 cents.

Principal activities: Diamond explorer

Corporate: Maureen Muggeridge (chairman and chief executive); AJA "Bram" Janse (non-executive director); Charles Devenish (non-executive director); and Grant Mooney (secretary).

(08) 9227 1770

Paramount hopes to raise $3.51 million dollars from an offer scheduled to close on December 24. The offer is not underwritten.

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