The paper presents the results of paleomagnetic and geochronological studies of the Late Paleozoic granites of the Angara–Vitim batholith as well as Vendian–Early Cambrian sedimentary rocks and Late Devonian subvolcanic rocks of the Patom margin of the Siberian Platform. Primary and metachronous magnetization in the rocks of the study region was used to calculate an Early Permian (~290 Ma) paleomagnetic pole, which is proposed as a reference pole for the Siberian Platform in paleomagnetic reconstructions, plotting of the apparent polar-wander path curve, and other magnetotectonic studies. The published and obtained paleomagnetic data and analysis of the geological data confirm the Late Paleozoic age of the final folding in the Baikal–Patom area. Possible causes of Late Paleozoic deformations and large-scale granite formation in the Baikal–Patom area and Transbaikalia in the Late Paleozoic are discussed.