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 9, 2012. 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/050912/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".
Paramount Resources (TSX:POU)
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