Corporate Overview

Paragon Minerals Corporation is a Canadian junior exploration company focused on gold and base metal exploration in eastern Canada.  The Company is engaged in the acquisition and exploration of early stage exploration prospects in areas that have excellent potential for world-class mineral deposit discovery.  Paragon strives to increase shareholder value through exploration discoveries on 100%-owned projects and increases shareholders exposure for exploration success by forming option and joint venture partnerships with other exploration companies.  The Company currently has four exploration partners working on six of its gold and base metal exploration projects.  Paragon is listed on the TSX Venture Exchange under the symbol "PGR".

Paragon was incorporated under the Canada Business Corporation Act on July 4, 2006.  The Company was created as part of the corporate restructuring of Rubicon Minerals Corporation, whereby Rubicon's Newfoundland exploration assets were transferred to Paragon through a statutory Plan of Arrangement.  On completion of the Plan of Arrangement on December 8, 2006, Rubicon transferred its Newfoundland exploration assets to Paragon in exchange for 12.8 million Paragon shares, which subsequently were distributed to the current Rubicon shareholders on the basis of 1 Paragon share for every 6 Rubicon shares held. Paragon began operations on December 8, 2006 and its shares began trading on the TSX Venture on December 15, 2006.