Paramount Files 2004 Year End Disclosure Documents

CALGARY, ALBERTA - March 31, 2005 /CNW/ - Paramount Resources
Ltd. (TSX:POU) today filed its audited consolidated financial statements
for the year ended December 31, 2004, and related management's
discussion and analysis with Canadian securities regulatory authorities.
Paramount also filed its annual information form for the year ended
December 31, 2004, which includes the disclosure and reports relating to
reserves data and other oil and gas information required pursuant to
National Instrument 51-101 of the Canadian Securities Administrators.
Copies of these documents may be obtained via www.sedar.com or
Paramount's website at www.paramountres.com.

For further information: Paramount Resources Ltd., J.H.T. (Jim) Riddell, President and Chief Operating Officer, (403) 290-3600 / Paramount Resources Ltd., B.K. (Bernie) Lee, Chief Financial Officer, (403) 290-3600, (403) 262-7994 (FAX), www.paramountres.com, Paramount Resources Ltd., C.H. (Clay) Riddell, Chairman and Chief Executive Officer, (403) 290-3600, (403) 262-7994 (FAX), www.paramountres.com, Paramount Resources Ltd., 4700 Bankers Hall West, 888 - 3rd Street SW, Calgary, AB T2P 5C5