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Paramount Mining Corporation Limited

Corporate Presentation

September 2011

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PARAMOUNT MINING CORPORATION

SUMMARY

PARAMOUNT MINING

CORPORATION LTD

• Indonesian-focused exploration, development and mining

company

• Key focus: gold-silver-copper projects, for example:

• the Gunung Rosa high-grade project in West Java

• Actively targeting Indonesian coal exploration and mining

projects

• Strong management team with 15 years’ experience in

Indonesia in geology, mining and metallurgy

• Strategic partnership with Antam for coal and

metalliferrous projects

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CAPITAL STRUCTURE

9 September 2011 Close 6.5 cents per share

Market capitalisation (at 6.5 cents) $15 million

Ordinary shares 223.9 million

Unlisted Options 20.3 millionWeighted average exercise price 10 cents per share

Top 20 holders 85%

Estimated free float ~38 million shares

Major Shareholders:

JP Morgan Noms Aust <Cash Inc A/c> 48.16%

HSBC Custody Nominees <Australia> 4.64%

Far East Petro Corp Pty Ltd 4.47%

Merrill Lynch (Australia) Nominees Pty Limited 4.47%PARAMOUNT MINING

CORPORATION LTD

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BOARD AND MANAGEMENT

Mo Munshi Non-Executive Chairman & Managing Director

Guy Anderson Non-Executive Director

Mufti Habriansyah Non-Executive Director

Trevor Benson Non-Executive Director

Terry Holohan CEO & Managing Director

(from 17 October 2011)

Garry Taylor CFO & Company Secretary

Neil Rutherford Head of Geology

PARAMOUNT MINING

CORPORATION LTD

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PROJECT SUMMARY

Indonesia

Strategic focus on gold projects

Gunung Rosa, West Java

• High grade gold-silver and base

metal project

• USD7 million to acquire 72.25%

Gunung Julang, Banten

• High grade gold-silver project

Antam Metals and Coal

Strategic Agreements

• Banyumas Gold Project

• Coal project cooperation and

development

PARAMOUNT MINING

CORPORATION LTD

Africa

Diamond portfolio

Vlakfontein, Free State Province

• Highly prospective alluvial project

Peakstar, Free State Province

• Kimberlite fissure; cash flow

project, under negotiation

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INDONESIAN PORPHYRY Cu-Au,

EPITHERMAL BELT

PARAMOUNT MINING

CORPORATION LTD

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INDONESIA REGIONAL SETTING

PARAMOUNT MINING

CORPORATION LTD

GUNUNG JULANG

GUNUNG ROSA

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WEST JAVA

PARAMOUNT MINING

CORPORATION LTD

Gunung Rosa and Gunung Julang Projects -

regional map

GUNUNG

JULANG

GUNUNG ROSA

PROJECT

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PARAMOUNT MINING

CORPORATION LTD

Regional Setting of Gunung Rosa

Gunung Julang

Jakarta

Bogor

Sukabumi

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PARAMOUNT MINING

CORPORATION LTD

Regional Tectonic Setting

Gunung Rosa

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GUNUNG ROSA GOLD SILVER

BASE METAL PROJECT

PARAMOUNT MINING

CORPORATION LTD

• Underground mine acquired by Paramount August 2011

• Historical data previously announced to the ASX include:

Measured, Indicated and Inferred Resources of:

• 799,348 tonnes @ 13.96 g/t gold for 358,832 ounces gold;

• 3.38% zinc for 26,998 tonnes zinc, including

Proven and Probable Reserves of:

• 400,000 tonnes @ 11.41 g/t gold for 146,690 ounces gold;

• 3.03% zinc for 12,130 tonnes zinc

• Over 2.5 kilometres of drive development. Decline and drives

developed on three levels with a known 900 metres of vein extension,

open at depth and along strike

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GUNUNG ROSA GEOLOGY

PARAMOUNT MINING

CORPORATION LTD

• The geology of the Gunung Rosa IUP licence is dominated by moderately deeply

eroded subvolcanic intrusives that are typical of mineralised systems recognised in

the porphyry-mesothermal belt of the southern Java coastal zone.

• The intrusive character of the environment is well demonstrated by associated

intrusive breccias and pebble dykes which appear to occupy the structures within

which the mineralised veins have later been emplaced.

• The host intrusives and associated breccias and dykes have locally undergone

pervasive argillic alteration during vein emplacement and the veins sit within a distinct

alteration envelope extending for at least 1.5 - 2 kilometres at the main prospect.

• The veins are typically mesothermal in character. There is good evidence for multiple

phases of metal emplacement with differing mineralogical characteristics. The

paragenesis is not fully resolved at this time; it varies locally and regionally.

• Between 1 and 5 veins occur along the strike of the main prospect area. The

mineralogy and grade of these varies along strike with Cu-rich and Pb-Zn-rich

sections, but with both carrying significant Au-Ag grades associated particularly with

pyrite-silica rich sections. There are numerous unmapped or otherwise untested

veins recognised elsewhere within the IUP.

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900m Developed

1000m 1000m

900m

800m 800m

900m

RL mRL m

Open at Depth

CIBITUNG CAP PALU CAP PALU NORTHCISUDI

Underground Development

18.48, 3.15

19.53, 2.84

23.29, 3.11

21.65, 0.68

4.35, 12.70

56.53, 1.42

62.25, 1.48

17.20, 0.06

29.48, 2.60

12.56, 0.36

23.20, 0.47 22.97, 0.44

Legend

Au Avg. (g/t), Zn %

Underground Development

Decline

Previously mined area

SOUTH NORTH

0 50 100m

Open Along StrikeOpen Along Strike

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GUNUNG ROSA PROJECT

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GUNUNG ROSA PROJECT

PARAMOUNT MINING

CORPORATION LTD

New figure to come?

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KRM’S WAY LINGGO PROJECT

PARAMOUNT MINING

CORPORATION LTD

Long section of Kingsrose Mining Limited’s narrow vein,

high grade gold mine, Way Linggo

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Massive pyrite-sphalerite-chalcopyrite-galena and crystalline quartz hydrothermal

breccia-fill from the working face at Cap Palu, mine level 3. The Cap Palu

resource defines the northern third of the 900 metre long Cikondang breccia /

vein structure, which is open along strike and at depth

GUNUNG ROSA PROJECT

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Massive-sulphide sealed quartz-vein

breccia from Cap Palu mine level 2

GUNUNG ROSA PROJECT

Massive-sulphide sealed

hydrothermal breccia from the

Cibitung workings

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Massive-sulphide mineralisation from

the Cibitung adit

GUNUNG ROSA PROJECT

Sulphide-sealed

hydrothermal breccia from

Cap Palu mine level 2

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Quartz base metal stock work veinlets east of Mala in Cikondang river valley

GUNUNG ROSA PROJECT

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GUNUNG ROSA PROJECT

PARAMOUNT MINING

CORPORATION LTD

Semi-massive to massive base-metal-

rich (sphalerite-chalcopyrite-galena-

pyrite) fill in partially deformed and

crudely banded (polyphase), crystalline

quartz sealed hydrothermal breccia /

vein, intersected between 124.80 and

129.30 metres down hole in drill hole

GRD001.

Deformed (fault brecciated)

crystalline quartz and base-

metal sealed hydrothermal

breccia / vein intersected

between 138.00 and 141.10

metres down hole in drill hole

GRD001.

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GUNUNG ROSA PROJECT

PARAMOUNT MINING

CORPORATION LTD

Semi-massive and massive base-metal

fill, comprising polyphase honey, brown

and black sphalerite, chalcopyrite,

galena and pyrite, hosted in crystalline

quartz sealed hydrothermal breccia /

vein intersected between 126.20 and


GRD001.

Spaced domains of locally

deformed, crystalline quartz and

base-metal sealed hydrothermal

breccia / vein intersected between

133.20 and 136.60 metres down

hole in drill hole GRD001.

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GUNUNG ROSA PROJECT

PARAMOUNT MINING

CORPORATION LTD

Crudely to well-banded, polyphase,

sphalerite-chalcopyrite-galena-pyrite and

crystalline quartz fill-in hydrothermal

breccia intersected between 165.60 and


GRD001.

Spaced domains of banded,

polyphase, pyrite-sphalerite-chalco

pyrite-galena and crystalline quartz

fill in breccia / vein zone

intersected between 90.00 and

95.20 metres down hole in drill

hole GRD002.

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GUNUNG ROSA PROJECT

PARAMOUNT MINING

CORPORATION LTD

Spaced domains of banded, polyphase,

pyrite-sphalerite-chalcopyrite-galena

and crystalline quartz fill-in breccia / vein

zone intersected between 92.00 and

95.20 metres down-hole in drill hole

GRD002.

Crudely banded,polyphase, pyrite-

rich, crystalline quartz and base-

metal sulphide fill-in breccia / vein

zone intersected between 193.30

and 200.30 metres down-hole in

drill hole GRD003.

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GUNUNG ROSA PROJECT

PARAMOUNT MINING

CORPORATION LTD

Pyrite-rich, crystalline quartz and base-

metal sulphide sealed hydrothermal

breccia / vein intersected between

152.90 and 155.80 meters down hole in

drill hole GRD004.

Crudely banded,polyphase, pyrite-

rich, crystalline quartz and base-

metal sulphide fill-in breccia / vein

zone intersected between 193.30

and 200.30 metres down-hole in

drill hole GRD003.

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GUNUNG ROSA HISTORY

PARAMOUNT MINING

CORPORATION LTD

• From 1989-1992 Century Metals and Mining (CMM) undertook an

extensive surface and underground drilling program and a 2,500m

underground horizontal and vertical development project

• CMM noted that the vein system is open along strike for at least a

kilometre, north and south, as well as at depth

• CMM’s project financing collapsed and development ceased

• 1996 Canadian JV partners Chase Resource Corporation and Delta

Gold Mining Corporation (Chase) completed a feasibility study and

plant design at gold price of USD400 per ounce

• The 1997 Bre-X scandal hit the headlines and Chase discontinued

its activities as it could not raise capital to support its program

• The decline was flooded to prevent access by illegal minersFor

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GUNUNG ROSA PROGRAM

PARAMOUNT MINING

CORPORATION LTD

Paramount has commenced systematic drilling and underground

sampling to validate the Century exploration data and to convert the

inferred resources recognised to proven and probable reserves.

This program includes:

• Initial 6-hole due diligence diamond drilling program to confirm

vein widths and grades in recognised Century resource blocks.

Additional holes are planned to test depth extensions of

mineralisation along the 1 kilometre of recognised strike.

• Underground sampling of areas with development access to

confirm historic grades from development drives

• Regional mapping to assess potential of numerous recognised

mineralised targets to assess potential for additional resources

• Establishing a program of beneficiation and metallurgical testing

of ore by extraction of bulk samples for bench trials

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PARAMOUNT MINING

CORPORATION LTD

GUNUNG ROSA PROJECT

Selected significant results from

GRD001

3.5m @ 2.89 g/t Au, 8.5 g/t Ag, 6,919 ppm Zn and 2,395 ppm Cu

20.1m @ 2.49 g/t Au, 5.9 g/t Ag,

20,003 ppm Zn and 1,106 ppm Cu,

including

5.3m @ 5.76 g/t Au, 12.7 g/t Ag, 57,901 ppm Zn and 2,749 ppm Cu

2.05m @ 10.88 g/t Au, 15.6 g/t Ag,

1,489 ppm Zn and 1,943 ppm Cu

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GUNUNG ROSA PROJECTSelected significant results from

GRD002

5.9m @ 2.7 g/t Au, 26.2 g/t Ag, 429

ppm Zn and 9,650 ppm Cu,

including

2.8m @ 3.76 g/t Au, 14.5 g/t Ag,

295 ppm Zn and 9,907 ppm Cu

8.7m @ 3.64 g/t Au, 21.7 g/t Ag,

1,388 ppm Zn and 6,671 ppm Cu,

including

3.3m @ 5.47 g/t Au, 44.1 g/t Ag,

3,273 ppm Zn and 10,818 ppm Cu

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GUNUNG ROSA PLAN

PARAMOUNT MINING

CORPORATION LTD

A longer term work plan is being developed to expand the resource

base to permit options for increasing production. This is to include:

• Continued drilling of an additional 10-12 assessment holes with an

emphasis on evaluating depth potential and strike continuity of

recognised mineralisation

• Developing 3D block models of resource distribution to help define

and constrain the resource model and for mine planning purposes.

• Dewatering of existing development drives and decline to enable

new sampling and development to be undertaken

• Undertake detailed underground mapping at both the main

prospect area and at the numerous satellite deposits recognised

within the IUP.

• Initiate environmental impact assessment studies to accommodate

expansion in activities at the site.

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CORPORATION LTD

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GUNUNG ROSA PROJECT

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GUNUNG ROSA PROJECT

PARAMOUNT MINING

CORPORATION LTD

Parameter Kingsrose

(Way Linggo)

Medusa

(Co-O)

Paramount

(Gunung Rosa)

Total Au Resources koz 165.6* 1,960.0** 358.8

Total Au Reserves koz - 502.0** 146.7

Market cap (AUDm) 401 1,500 14

EV/Resource oz (AUD/oz) 2,474 725 39* RCR Company Review: KRM Aug11

** MML Investor presentation Sep11

Peer project comparison

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GUNUNG JULANG

GOLD-SILVER PROJECT

PARAMOUNT MINING

CORPORATION LTD

Key Facts

Very high grade near-surface

sampling results

Five known veins, delineated by

artisanal workings, dipping at 75-

80o

and adding up to a total strike

length of over two kilometres

Vein textures indicate the upper

levels of an epithermal vein system

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GUNUNG JULANG

GOLD-SILVER PROJECT

Surface sampling

Surface sampling results include:

R0192 7.6 g/t gold & 5.2 g/t silver






PARAMOUNT MINING

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GUNUNG JULANG

GOLD-SILVER PROJECT

Channel sampling

Recent channel sampling results

include:

CK16

1.0m @ 9.1 g/t gold & 8.0 g/t silver

CK21

1.7m @ 13.3g/t gold & 48.3g/t silver

CK23

4.0m @ 9.3g/t gold & 12.0g/t silver

CP33

1.0m @ 6.91g/t gold & 9g/t silver

PARAMOUNT MINING

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Strategic engagement with Antam in joint cooperation

and development of metals and coal projects in

Indonesia:

• Banyumas Gold Project, Central Java, Indonesia

• Coal exploration and development and operation

• Coal mine acquisition and operation

• Coal-related road, rail and port infrastructure projects

• Coal off-take and marketing arrangements

PARAMOUNT MINING

CORPORATION LTD

ANTAM METALS AND COAL

STRATEGIC AGREEMENTS

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VLAKFONTEIN DIAMOND

PROJECT

Alluvial and kimberlite diamond exploration

Paramount’s interest is 100%

Key concept is the capture of

Jagersfontein mine dispersion

Kimberlite potential as part of the Jagersfontein pipe cluster

Jagersfontein has yielded in excess of 9.5 million carats, including some of the world’s largest diamonds

PARAMOUNT MINING

CORPORATION LTD

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PEAKSTAR DIAMOND

PROJECT

Kimberlite diamonds

Paramount’s interest is 25%,

with an option to earn a further

25%.

The licence covers at least 1.75

kilometres of kimberlite fissure,

with the potential for pipes and

blows within the same licence.

Bulk sampling continues to

deliver mainly octahedral, clear

white diamonds.

PARAMOUNT MINING

CORPORATION LTD

Nikita (No.2) shaft at the Peakstar ProjectFor

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COMPETENT PERSONS STATEMENTSThe Mineral Resources and Ore Reserves contained in this report have been reviewed by David Benham

FAusIMM. Mr Benham is a Fellow of the Australasian Institute of Mining and Metallurgy. He is a full time

employee of Benham & Associates Pty Ltd, mineral industry consultants. He has sufficient experience

which is relevant to the style of mineralisation and types of deposits under consideration, and to the

activity which he is undertaking to qualify as a Competent Person as defined in the December 2004

edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore

Reserves (the JORC Code).

This review and comments by Mr Benham incorporated in the release text are based upon a review of the

Resources and Reserves calculated by Century Metals and Mining NL and released to the ASX in 1992.

David Benham has consented to the inclusion in this report of the matters based on this information in the

form and context in which it appears.

The exploration activities and results contained in this report have been reviewed by Dr. Neil F.

Rutherford. Dr Rutherford is a Fellow of the Australian Institute of Geoscientists and is a full time

employee of Rutherford Mineral Resource Consultants, mineral industry consultants. He has sufficient

experience which is relevant to the style of mineralisation and types of deposits under consideration, and

to the activity which he is undertaking to qualify as a Competent Person as defined in the December 2004

edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore

Reserves (the JORC Code).

This review and comments by Dr Rutherford incorporated in the release text are based upon field

inspection of the Gunung Rosa project area during the 2011 planning, review and execution of the due

diligence program, along with input from his associates who have worked on the property. All of the

significant work reported herein, including historical data, was available to Dr Rutherford and was

reviewed for this release.

Dr. Neil Rutherford has consented to the inclusion in this report of the matters based on this information

in the form and context in which it appears.

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DISCLAIMER

This presentation contains only a brief overview of Paramount Mining CorporationLimited and its associated entities and their respective activities. The contents ofthis presentation, including matters relating to the geology of the projects, mayrely on various assumptions and subjective interpretations which it is notpossible to detail in this presentation an which have not been subject to anyindependent verification.

This presentation contains a number of forward-looking statements. Known andunknown risks and uncertainties, and factors outside of Paramount’s control,may cause the actual results, performance and achievements of Paramount todiffer materially from those expressed or implied in this presentation.

To the maximum extent permitted by law, Paramount does not warrant theaccuracy, currency or completeness of the information in this presentation, northe future performance of Paramount, and will not be responsible for any loss ordamage arising from the use of the information.

The information contained in this presentation is not a substitute for detailedinvestigation or analysis of any particular issue. Current and potential investorsand shareholders should seek independent advice before making any invesmentdecision in regard to Paramount or its activities.F

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Supplementary slides

PARAMOUNT MINING

CORPORATION LTD

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PARAMOUNT MINING

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Hole GRD004F

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PARAMOUNT MINING

CORPORATION LTD

Total mineral resources from historical releases are shown below*:

Tonnes Au g/t Au oz Zn % Zn t

Measured

Resource125,470 12.77

51,5143.33

4,178

Indicated

Resource302,878 13.59

132,3362.99

9,056

Inferred

Resource371,000 14.67

174,9833.71

13,764

Total 799,348 13.96 358,832 3.38 26,998

From these Resources, 400,000 tonnes of Proved and Probable Reserves were calculated as

part of the mining study used in the Century Metals & Mining NL feasibility study:

Tonnes Au g/t (cut) Au oz Zn % Zn t

Proved Ore

Reserves

142,000 11.20 51,133 3.31 4,700

Probable Ore

Reserves

258,000 11.52 95,557 2.88 7,430

Total 400,000 11.41 146,690 3.03 12,130

* Please see the Company’s ASX announcement dated 8 September 2011 for more details:

GUNUNG ROSA PROJECT

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