The TSX Venture Exchange has accepted for filing documentation in connection with an arrangement agreement between Calico Resources Corp. and Paramount Gold Nevada Corp. dated March 14, 2016. Pursuant to the agreement, Paramount has agreed to acquire all of the issued and outstanding common shares of Calico by way of a plan of arrangement under the provisions of the Business Corporations Act (British Columbia). Under the agreement, each Calico shareholder will be entitled to receive 0.07 Paramount common share for each common share of Calico held.

The exchange has been advised that approval of the transaction by the Calico shareholders was received at a special meeting of shareholders held on June 29, 2016, and that approval of the transaction was received from the Supreme Court of British Columbia on July 5, 2016. The transaction became effective on July 7, 2016. The full particulars of the transaction are set forth in the Calico information circular dated as of May 26, 2016.

In conjunction with the closing of the transaction, Calico has requested that its common shares be delisted. Accordingly, effective at the close of business on Thursday, July 7, 2016, the common shares of Calico will be delisted from the exchange.