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Paramount Announces First Sales from Musreau Deep Cut Facility

CALGARY, ALBERTA--(Marketwired - Aug. 14, 2014) - Paramount Resources Ltd. ("Paramount" or the "Company") (POU.TO) is pleased to announce that the Company has delivered first sales gas from its Musreau Deep Cut Facility. The achievement of this milestone enables Paramount to begin the ramp-up of production from its behind-pipe wells in the Musreau area.

ABOUT PARAMOUNT

Paramount is an independent, publicly traded, Canadian corporation that explores for and develops conventional petroleum and natural gas prospects, pursues longer-term non-conventional exploration and pre-development projects and holds investments in other entities. The Company's principal properties are primarily located in Alberta and British Columbia. Paramount's Class A Common Shares are listed on the Toronto Stock Exchange under the symbol "POU".