Mr. Lawrence Page reports

PARADIGM GOLD CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Paradigm Gold Corp. has closed a first tranche of the previously announced non-brokered private placement by issuing two million non-flow-through units at a price of 12.5 cents per non-flow-through unit and 1,803,466 flow-through units at a price of 15 cents per flow-through unit for gross proceeds of $520,520.

Each flow-through unit consists of one flow-through common share and one-half share purchase warrant. Each non-flow-through unit consists of one non-flow-through common share and one-half warrant. Each warrant in the offering is exercisable to purchase one non-flow-through common share at an exercise price of 15 cents for a period of three years from the date of issue. In connection with this tranche closing, the company paid cash finders' fees of $9,225 and issued 73,800 finder warrants, with each finder warrant exercisable to purchase one common share at an exercise price of 15 cents for a period of three years. The securities issued under this tranche are subject to a hold period until June 25, 2026. The offering and payment of finders' fees are subject to TSX Venture Exchange acceptance.

An insider of the company subscribed for 166,666 flow-through units in this tranche of the offering. Such participation is considered to be a related party transaction, as defined under Multilateral Instrument 61-101. The company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the participation in the offering by the insider does not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101.

Net proceeds from the offering will be used for working capital and to finance costs associated with an exploration program on the 100-per-cent-owned Swift-Katie gold-copper project in the Golden Arc district in British Columbia, consisting of five priority targets identified over a 2,500-metre strike length.

Swift-Katie copper-gold project, British Columbia (100 per cent owned)

The Swift-Katie project is located seven kilometres southwest of Salmo, B.C., Canada, has excellent access by road and infrastructure, and benefits from a year-round exploration advantage. The large land package consists of 19 MTO (Mineral Titles Online) and legacy mineral claims totalling approximately 8,797 hectares, which comprise two claim groups underlying the Katie copper-gold-silver porphyry deposit, (similar to the producing Copper Mountain mine at Princeton, B.C.) and the Swift gold occurrences (possible analogue to the nearby Rossland mining district) (production of more than 2.7 million ounces gold).

Exploration in 2026 will focus primarily on the Swift gold target, where previous drilling by the company in 2017 returned multiple high-grade gold intercepts extending along the 1.75-kilometre strike length of the Swift mineralized zone, which remains largely untested and is open both laterally and at depth. highlights from the company's 2017 drilling include 2.5 metres of 11.5 grams per tonne gold and 6.7 g/t silver in hole SK17-015 from the TR19 area and 8.6 metres of 3.1 g/t Au and 2.0 g/t Ag in hole SK17-019 from the TR7 area, located approximately 800 metres along strike (see news release dated Sept. 7, 2017).

Historic trench results from a third area along the Swift mineralized zone returned two metres averaging 100 g/t Au, outlining the potential for areas of increased gold grades elsewhere throughout the Swift structural corridor. The reader is cautioned that this trench result is historical in nature; it has not been independently verified by the company and is provided for information purposes only.

Robert Macdonald, MSc, PGeo, is the exploration manager of Paradigm Gold and a qualified person as defined by National Instrument 43-101. He is responsible for the supervision of the exploration on the Swift-Katie project and for the preparation of technical information in this disclosure. He has approved the release of this news release.

We seek Safe Harbor.