ann. tungsten as well as u

Today's ann. included info re exploration for tungsten.


Tungsten

A drill rig has been contracted for a 2000m reverse circulation (RC) percussion drill programme at the
White Rock tungsten project near Rye Park NSW, beginning in March 2007.

Numerous high priority targets will be drill tested, including targets adjacent to tungsten-bearing granite
along strike and down-dip of the existing White Rock Mineral Resource envelope – Figure 2 (Mineral
Resource of 150,000 tonnes @ 0.9% WO3). The Company has carried out extensive ground magnetic surveys within 1.5km of the White Rock Resource (Figure 2). Semi-massive magnetite is spatially associated with the tungsten mineralisation, so the detailed magnetic anomalies will been used to locate many of the drill holes.
2
The existing Mineral Resource is equivalent in gold terms to approximately 40,000 oz of gold at a grade of 9g/t using current metal prices. The White Rock Mineral Resource is shallow (<40m depth), potentially open
pittable, and high-grade, while tungsten mineralisation is open in several directions (Figure 2).

Paradigm is targeting a tungsten resource of 1 million tonnes at a high tungsten grade, which the
Company believes could generate strong future cash flow. The Company will advise the market
immediately the drill programme is initiated.
Assay results are still awaited for an air-core drill program completed at two peripheral prospects located 2km or more from the White Rock Resource during February. The air-core drill program tested geological targets to a limited depth only (i.e., base of weathering). The drill rig had limited capacity, hence the necessity to utilise a more powerful RC percussion rig for the upcoming White Rock Resource drilling.

Yours sincerely,
Graham D Carman
Managing Director, PhD, MAUSIMM

About Paradigm:
Paradigm Gold Ltd is an advanced tungsten and early-stage uranium explorer, with projects
in the Lachlan Fold Belt of NSW and the Mt Isa region of Queensland. The Company is
looking to divest its existing gold assets in eastern Australia. More information is available at:
www.paradigmgold.com.au
The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled
by Dr Graham Carman who is a Member of the Australasian Institute of Mining and Metallurgy. Dr Carman is a full-time employee of
the Company, and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and
to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Dr Carman consents to the inclusion in the report of the
matters based on his information in the form and context in which it appears.