Article: CORRECTION FROM SOURCE: Paramount Resources Merges its 50% Oil Sands JV with North American

CALGARY, ALBERTA--(CCNMatthews - March 29, 2006) - In the release issued today at 5:17 pm ET by Paramount Resources Ltd. ("Paramount") (TSX:POU) and North American Oil Sands Corporation ("North American") there was an error. The second bullet under NORTH AMERICAN OVERVIEW should read "- 4 major areas representing approximately 224,000 gross (220,000 net) acres are targeted for development: Leismer, Corner, Thornbury and Hangingstone." The complete and corrected release is as follows:

Paramount Resources Ltd. ("Paramount") (TSX:POU) and North American Oil Sands Corporation ("North American") are pleased to

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