Mr. Lawrence Page reports

PARADIGM GOLD ANNOUNCES SHARES FOR DEBT SETTLEMENT

Paradigm Gold Corp. has entered into a debt settlement agreement to settle a debt of $357,221.21 by the issuance of 2,857,769 common shares at a price of 12.5 cents per share. The debt was incurred as a result of annual advance minimum royalty payments on the Swift Katie property that had accrued over the last five years. This debt settlement is subject to TSX Venture Exchange acceptance. The securities that will be issued upon this debt settlement will be subject to a hold period of four months and one day from issuance.

The company recently announced the closing of the first tranche of a private placement raising gross proceeds of $520,520. The private placement has been concluded and there will be no further tranches.

Paradigm has decided not to proceed with the option to acquire interests in four projects in the North Thompson nickel belt, Manitoba (see news release dated Oct. 17, 2023), and has terminated the option agreement.

About Paradigm Gold Corp.

With an experienced management and exploration team having a history of success throughout North America in the identification and development of precious metal deposits, Paradigm Gold is aggressively pursuing quality projects to increase shareholder value. Currently, the company's flagship property is the 100-per-cent-owned, Swift-Katie Cu/Au (copper/gold) project, located in the Golden Arc, B.C., with year-round access and excellent infrastructure.

We seek Safe Harbor.