PGN Pgnx Capital Corporation

Paragon Pharmacies Limited ("Paragon" or "the Company") (TSX VENTURE:PGN) today
announced the appointment of Mr. Eric Stefanson, FCA, to the Company's Board of
Directors. The appointment is subject to the approval of the TSX Venture
Exchange.


Martin Weinberg, Chairman of the Board of Directors, notes, "I am pleased Eric
has agreed to serve on Paragon's Board. Eric's vast business acumen will provide
further expertise to an already strongly represented Board. Eric's participation
is expected to bring additional insight into the strategic direction of the
Company and we look forward to his involvement." 


Mr. Stefanson, an independent director, achieved his Chartered Accountant (CA)
degree in 1975 and subsequently received his Fellow of the Chartered Accountants
(FCA) in 1991. From 1978 to 1990 Mr. Stefanson was a partner in Stefanson and
Lee, a local chartered accountancy firm in Manitoba. He was Managing Partner of
the Central Canada Region (CCR) for BDO Canada LLP Chartered Accountants and
Advisors from 2004 to 2009 where he was responsible for the CCR operations,
providing leadership and direction. Further, Mr. Stefanson's career has included
serving as Chief Financial Officer and Managing Director, Finance and Planning
for Assante Canada from April 2001 to January 2004. From November 1999 to April
2001 he was the Chief Operating Officer for Assante Asset Management Ltd. 


From 1990 to 2000, Mr. Stefanson served as a Member of the Legislative Assembly
for the Province of Manitoba. During that time, Mr. Stefanson served in many
capacities including the Minister of Health and Deputy Premier. He also served
as the Minister of Finance, Minister charged with the administration of the
Crown Corporation's Public Review and Accountability Act, chair of the Treasury
Board, the Minister of Industry, Trade and Tourism and Minister responsible for
Sport, charged with the administration of the Boxing Commission Act, and the
Fitness and Amateur Sport Act.


From 1982 to 1989 Mr. Stefanson served the City of Winnipeg as councillor and
was Deputy Mayor from 1986 to 1988. Other community involvement activities
include serving as Chairman of the Winnipeg 2000 Task Force on Economic
Development, President of the Winnipeg Convention Centre, officer of the Red
River Exhibition Association and member of the Board of Directors of the North
Portage Development Corporation.


In August 2000 Mr. Stefanson received the Icelandic Order of the Falcon from the
President of Iceland.


Mr. Stefanson is currently a member of the Board of Directors for the Winnipeg
Foundation (Chair of Audit Committee), Via Rail Canada (Chair of Audit
Committee), FWS Holdings Ltd. (Chair of Audit Committee), Canada West Foundation
and the Health Sciences Centre Foundation (Chair of Board) as well as Chair of
the Investment Committee of the Winnipeg Civic Employees' Benefits Program.


Paragon Pharmacies Limited is building a pharmacy with our customers in mind.
Headquartered in Kelowna, BC and employing over 400 staff, Paragon currently
owns and operates 19 retail pharmacies and three central fill pharmacies
throughout British Columbia, Alberta and Manitoba. Paragon is a leading
mid-market pharmacy, providing premier pharmacy services in a friendly,
community-focused environment.


FORWARD LOOKING STATEMENTS

This press release may contain forward-looking statements regarding, among other
things, the Company's beliefs, plans, objectives, strategies, estimates,
intentions and expectations, including as they relate to its operating and
financial results, capital expenditures and the ability to execute on its
operating, investing and financing strategies. Consequently, actual results and
events may differ materially from those included in, contemplated or implied by
such forward looking statements for a variety of reasons. Forward-looking
statements are subject to inherent risks and uncertainties including, but not
limited to, market and general economic conditions, certain property and
casualty risks, the ability to attract and retain pharmacists, the availability
and terms of financing, changes in the Company's relationship with its key
suppliers, competitive factors, changes in regulatory environments affecting the
Company's business, and the accuracy in management's assumptions (see "RISKS AND
RISK MANAGEMENT" as noted in the Company's Management's Discussion & Analysis
posted on SEDAR at www.sedar.com). This list is not exhaustive of the factors
that may affect any of the Company's forward-looking statements. Investors and
others should carefully consider these and other factors and not place undue
reliance on these forward-looking statements. In addition, these forward-looking
statements relate to the date on which they were made and the Company disclaims
and has no intention or obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or otherwise.

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