SYS-CON MEDIA Authors: Liz McMillan, Doug Masi, Mat Mathews, PR.com Newswire, David Smith

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Paramount Announces First Sales from Musreau Deep Cut Facility

CALGARY, ALBERTA -- (Marketwired) -- 08/14/14 -- Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) 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".

Contacts:
Paramount Resources Ltd.
J.H.T. (Jim) Riddell
President and Chief Operating Officer
(403) 290-3600
(403) 262-7994 (FAX)

Paramount Resources Ltd.
B.K. (Bernie) Lee
Chief Financial Officer
(403) 290-3600
(403) 262-7994 (FAX)

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