August 31, 2012 17:41 ET

PGNX Appoints Officers and a Director

KELOWNA, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2012) - Mr. Martin Weinberg, Chairman of PGNX Capital Corp. ("PGNX" or the "Corporation" and formerly, Paragon Pharmacies Limited) (NEX BOARD:PGN.H), (formerly, TSXV: PGN.V) wishes to announce that Mr. John Kliewer, CA, CBV has been appointed Chief Financial Officer of PGNX effective immediately and that Mr. Ed Li, currently Vice President, Operations, will become the President of the Corporation effective September 15, 2012. In addition the Board of Directors filled the vacancy created by Mr. Taillieu's sudden passing by the appointment of Daniel Friedman to its Board.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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