On March 30, 2015, Mr. Christopher Crupi notified Paramount Gold and Silver Corp. of his resignation as the chief executive officer and as a director from the company's wholly-owned subsidiary, Paramount Gold Nevada Corp. (SpinCo).

Mr. Crupi remains chief executive officer and a director of the company. Mr. Crupi's resignation was for personal reasons, and was not due to any disagreement with SpinCo.