Paragon Pharmacies Limited

Paragon Pharmacies Limited

June 13, 2007 14:55 ET

Paragon Announces Resignation of Board Member

KELOWNA, BRITISH COLUMBIA--(Marketwire - June 13, 2007) - Paragon Pharmacies Limited ("Paragon" or the "Corporation") (TSX VENTURE:PGN) today announces the resignation of Mr. Bruce Moody from Paragon's Board of Directors. This resignation is effective immediately as Mr. Moody pursues the growth of his own company.

Craig Cameron, President and Chief Executive Officer of Paragon commented, "We thank Bruce for his time and effort as a Paragon Board member and wish him well in the growth of his business."

The Paragon Board members are reviewing candidates to replace Mr. Moody and will make an announcement once an individual is nominated.

Paragon is headquartered in Kelowna, British Columbia and currently employs over 355 full and part time staff in its stores and offices. The Corporation owns and operates 17.5 retail pharmacies and 2 home healthcare stores in British Columbia, Alberta and Manitoba. Paragon also holds a minority ownership position in Catalyst Healthcare Ltd.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

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