Paramount Gold is committed to advancing its projects with a disciplined approach that reflects strong environmental stewardship, social responsibility, and transparent governance. Our approach aligns with regulatory requirements and established industry best practices, with a focus on building long-term relationships with local communities, Indigenous groups, and other stakeholders.

Sustainability considerations are integrated throughout the lifecycle of the Grassy Mountain Project—from design and permitting through construction, operations, and closure. This includes integrating environmental controls into technical decisions, responsibly managing water and materials, considering climate-related factors, and maintaining a strong focus on worker and community safety. We also aim to generate measurable economic benefits that support local communities.

The project will apply established practices in water management, biodiversity protection, tailings and waste management, and energy efficiency. Performance will be tracked through monitoring programs, with results used to make improvements. outcomes over time. We will engage regularly with stakeholders and disclose progress through public reporting.

Sustainability is a core operational priority, as defined in Paramount’s Sustainability Policy. For Grassy Mountain, this means setting clear standards, monitoring performance, and making decisions that support environmental protection, community well-being, and long‑term project resilience.

ENVIRONMENTAL STEWARDSHIP

We will manage the Grassy Mountain Project to minimize impacts on land, water, and wildlife, in accordance with regulatory requirements and approved environmental management plans. Environmental controls are integrated into project design, permitting, and future construction and operations, with a focus on minimizing disturbance, managing water quality and quantity, and protecting habitats. Paramount’s approach also includes responsible management of tailings and waste materials.

Disturbed areas will be progressively reclaimed where feasible, with the objective of achieving a stable, self-sustaining landscape consistent with accepted closure plans.

SOCIAL RESPONSIBILITY & LOCAL ECONOMIC DEVELOPMENT

The Grassy Mountain Project will contribute to the regional economy through employment, local procurement, and payments to governments. We will work with local and regional businesses to identify procurement opportunities and communicate upcoming contracting needs. Economic contributions, including employment and local spending, will be tracked and reported.

We will prioritize local hiring where skills are available and will provide training to support workforce participation over the life of the project. We will engage with communities and Indigenous groups to understand local priorities and identify opportunities for meaningful project-related support.

GOVERNANCE

Governance for the Grassy Mountain Project is based on defined policies, oversight, and reporting processes that support regulatory compliance and ethical business conduct. The project operates in alignment with Paramount Gold’s Sustainability Policy and ESG Framework (available on our corporate website), which set expectations for environmental management, community engagement, and corporate behavior.

Roles and responsibilities for sustainability performance are assigned within the organization, with oversight from senior management. Performance is monitored through internal processes and external reporting, and issues are addressed through established escalation and corrective action procedures.