Paragon Advanced introduces new lab offering in B.C.

Executive Summary

• Paragon Advanced Labs Inc. has expanded its operational capabilities in British Columbia by introducing a new rapid whole-rock geochemistry service. This offering combines PhotonAssay with Veracio’s non-destructive scanning technology to provide faster, cost-effective assay results, aiming to reduce bottlenecks during peak drilling seasons.
• The company entered into a share-for-service agreement with Clarus Securities Inc. for advisory services rendered and completed on March 15, 2026.
• As consideration for these services, Paragon issued 80,000 common shares valued at $3 per share, totaling $240,000, subject to a statutory hold period and exchange approval.

Key Details

• New Service Offering: Introduction of rapid whole-rock geochemistry in British Columbia.
• Technology Integration: Combines PhotonAssay (rapid, non-destructive gold analysis) with Veracio’s scanning technology.
• Operational Benefit: Allows exploration teams to receive data earlier and adjust drilling programs in real-time, addressing delays common during peak seasons in BC.
• Share-for-Service Agreement:
  • Counterparty: Clarus Securities Inc.
  • Date of Agreement: February 4, 2026.
  • Services Rendered: Advisory services, completed on March 15, 2026.
  • Total Value: $240,000.
  • Shares Issued: 80,000 common shares.
  • Deemed Price: $3.00 per share (based on the closing price on March 20, 2026).
  • Hold Period: Four months and one day from the date of issuance.
  • Regulatory Status: Subject to approval by the TSX Venture Exchange.

Notable Quotes

• "In British Columbia, time is limited each field season. If results come back too late, the opportunity to act on them is gone. Our focus is on getting data back fast enough to influence what happens next." — Peter Shippen, Chief Executive Officer