PGN Pgnx Capital Corporation

Paragon Pharmacies Limited (TSX VENTURE:PGN) ("Paragon" or "the Company") today
announces Kristal Kaye, Chief Financial Officer will leave the Company effective
November 30, 2011.


R. Gordon Gooding, Chief Executive Officer said, "We have an upcoming change to
our Management Team. Kristal Kaye will be leaving Paragon in order pursue career
options following her forthcoming move to Calgary."


Details of a transition plan relating to this position will be announced in the
near future. Paragon Pharmacies thanks Ms. Kaye for all of her efforts and
guidance and wishes her the very best in her future endeavors.


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. Further Company information is available at the
Investor Relations section of Paragon's website at www.helloparagon.com or under
the Company's profile on SEDAR at www.sedar.com.


FORWARD LOOKING STATEMENTS - This press release contains 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 sup pliers, 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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