Paragon Pharmacies Limited

Paragon Pharmacies Limited

December 13, 2007 17:08 ET

Paragon Pharmacies Limited Announces Appointment of Board Member

KELOWNA, BRITISH COLUMBIA--(Marketwire - Dec. 13, 2007) - Paragon Pharmacies Limited ("Paragon" or the "Corporation") (TSX VENTURE:PGN) announces the appointment of Mr. Brent Herman to its Board of Directors to fill one of its vacant positions.

Mr. Herman is Executive Vice President, Corporate Finance for First Capital Management Ltd, a Calgary based corporate finance and merchant banking firm. Prior to joining First Capital in the fall of 2007, Mr. Herman was a partner at Burnet, Duckworth & Palmer LLP, and legal counsel for Paragon. Mr. Herman previously served on Paragon's Board and stepped down in April 2007 to make room for new Board Members designated by Canterbury Park Capital as part of their convertible debenture financing.

In announcing this appointment Craig Cameron, President and CEO of Paragon said, "I am very pleased to have Mr. Herman re-join the Paragon Board. With his extensive public company experience, legal background and financial acumen Brent will bring new perspectives to our board."

Paragon is headquartered in Kelowna, British Columbia and currently employs over 400 full and part time staff in its stores and offices. The Corporation owns and operates 18.5 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 does not accept responsibility for the adequacy or accuracy of this release.

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