Paramount Resources Ltd. ("Paramount") (TSX:POU) announces that it has received
Board approval to make a normal course issuer bid through the facilities of the
Toronto Stock Exchange. Paramount is currently awaiting TSX and other approvals.
Paramount will provide specific details with respect to the bid once all
approvals have been obtained.


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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