Paramount Resources Ltd. (TSX:POU) ("Paramount") announces that it has initiated
a process to explore the sale of certain assets located in its Northern Core
Area. Paramount has retained Scotia Waterous Inc. as its exclusive financial
advisor to assist in this process. An overview of the assets is available at
scotiawaterous.com.


Paramount is a Canadian oil and natural gas exploration, development and
production company with operations focused in Western Canada. Paramount's common
shares are listed on the Toronto Stock Exchange under the symbol "POU".
Paramount Resources (TSX:POU)
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