TSXV: PGR       Paragon Minerals Corp.
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Business Background

Paragon Minerals Corporation (Paragon) is a junior exploration company. Paragon is engaged in the acquisition, exploration and development of mineral properties. It focuses on gold and base metal exploration in Newfoundland and Ontario. As of September 30, 2010, Paragon had three joint venture partners exploring on its properties, including Crosshair Exploration & Mining Ltd. (Crosshair) on the Golden Promise/South Golden Promise gold properties and Victoria Lake VMS property; Golden Dory Resources Corp. (Golden Dory) on the Huxter Lane gold property, and Golden Touch Resources Corp. (Golden Touch) on the Winterhill VMS project. On October 1, 2010, Paragon signed a letter agreement to acquire 100% interest in one mineral claim, the Sturgeon Supreme Option, which forms part of the Gold Star property. On September 7, 2010, the Company held seven gold properties and four base metal properties in the province of Newfoundland and Labrador and one gold project in the province of Ontario.

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