Paramount Resources Ltd. (TSX:POU) ("Paramount") announces that it will be
webcasting the annual general 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 18, 2011. To listen to the annual
general meeting and view the presentation to be provided at the meeting, please
go to the following internet address: 


http://events.digitalmedia.telus.com/paramountres/051811/index.php 

The link to the webcast will also be available on Paramount's website at
www.paramountres.com. The webcast will be available at the same internet address
and on Paramount's website 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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