Paramount Mining Corporation Ltd is engaged in the Indonesian precious and base metals project acquisition and development. The Gunung Rosa project is a gold-silver-base metal development project located 125 kilometer south east of Jakarta. During the fiscal year ended June 30, 2012, the Company a 72.25% equity interest in Gunung Rosa project. The Prospecting Right for the Vlakfontein Project, which covers two farms, Rietkuil and Vlakfontein, located in Free State Province near the small town of Jagersfontein. On July 30, 2012, the Company�s Indonesian subsidiary PT Paramindo completed the acquisition of the Gunung Rosa project.