Paragon Pharmacies Chief Financial Officer

Paragon Pharmacies Limited (TSX VENTURE:PGN) ("Paragon" or the "Corporation") advises that Kristal Kaye, Chief Financial Officer of the Corporation, has left the Corporation effective October 31, 2011 and the Corporation has initiated a search for a Chief Financial Officer.

In the interim Chris Buysen, CA, previously the Corporate Controller of the Corporation, has been appointed the Director of Finance and will have overall responsibility for financial reporting. Mr. Buysen will be the "certifying officer" for purposes of fulfilling reporting obligations with respect to the Corporation's financial disclosure requirements. Mr. Buysen has previous experience serving as both Controller and CFO of public companies.

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.

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.

Contacts: Paragon Pharmacies Limited R. Gordon Gooding, CA Chief Executive Officer (250) [e-mail]