Paramount Resources Ltd. Files 2003 Year-End Disclosure Statements

CALGARY, ALBERTA - Apr 16, 2004 /CNW/ - Paramount
Resources Ltd. today filed its audited consolidated financial
statements and accompanying notes for the year ended December 31,
2003, and related Management's Discussion and Analysis with
Canadian securities regulatory authorities. Paramount has also
filed its Annual Information Form for the year ended December 31,
2003, 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 or at the company's website,

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".

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),, Paramount Resources Ltd., C.H. (Clay) Riddell, Chairman and Chief Executive Officer, (403) 290-3600, (403) 262-7994 (FAX)