Paramount Resources Ltd. (TSX:POU) ("Paramount") announces that the annual and
special meeting of its shareholders to be held in the Conference Center at
Centrium Place, 332 - 6th Avenue S.W., Calgary, Alberta, at 10:30 a.m. (Calgary
time) Wednesday, May 13, 2009, will be webcast. To listen to the annual and
special meeting and view the presentation to be provided at the meeting, please
go to the following internet address:


http://events.onlinebroadcasting.com/paramountres/051309/index.php

The webcast will also be available at the same internet address for a period of
time following the meeting.


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".


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