Mr. Peter Shippen reports

PARAGON ADVANCED LABS APPOINTS LAURENTIU FULEA AS CANADIAN OPERATIONS MANAGER TO SUPPORT CONTINUED GROWTH

Paragon Advanced Labs Inc. has appointed Laurentiu Fulea as Canadian operations manager.

Mr. Fulea brings more than 15 years of international experience in laboratory operations, analytical chemistry and mining services, with a proven record of scaling and optimizing complex, multisite operations. His appointment comes at a pivotal time as Paragon continues to expand its footprint and enhance its operational capabilities across Canada and internationally.

In his new role, Mr. Fulea will be responsible for overseeing Paragon's Canadian laboratory operations, with a focus on driving operational efficiency, maintaining best-in-class quality standards, and supporting the company's growth strategy through disciplined execution and continuous improvement.

Prior to joining Paragon Advanced Labs, Mr. Fulea held senior leadership roles with a multinational laboratory group, where he was responsible for overseeing operations across multiple laboratories in diverse jurisdictions. He led initiatives spanning safety, financial performance, staffing optimization, capital deployment and quality assurance, consistently delivering improved productivity and strong operational outcomes.

Laurentiu's experience includes managing laboratory networks supporting major mining operations globally, with deep technical expertise across fire assay, ICP (inductively coupled plasma), AAS (atomic absorption spectroscopy), XRF (X-ray fluorescence) and other advanced analytical techniques. He has demonstrated success in improving turnaround times, enhancing quality control systems and building high-performing teams in demanding environments.

"Laurentiu's appointment strengthens our operational bench at a critical stage in Paragon's growth," said Peter Shippen, chief executive officer of Paragon Advanced Labs. "His deep operational expertise, combined with his global experience managing complex laboratory networks, will be instrumental as we scale our platform and execute on our expansion plans. We are building a business defined by quality, speed and reliability, and Laurentiu will play a key role in delivering on that vision."

Mr. Fulea holds a bachelor of science in chemistry and physics from Alexandru Ioan Cuza University and a certificate in chemical analysis from Universite du Quebec a Montreal. He is a member of the Ordre des chimistes du Quebec, and is fluent in French, English and Romanian.

"I am excited to join Paragon Advanced Labs during this phase of growth," said Mr. Fulea. "The company's commitment to innovation and operational excellence presents a strong platform for expansion, and I look forward to contributing to the continued success and scalability of the business."

Shares for debt

The company further announce that it has completed the previously announced a share-for-debt settlement, as disclosed in its news release dated March 23, 2026.

Pursuant to the debt settlement, the company has issued an aggregate of 80,000 common shares at a deemed price of $3 per settlement share to settle $240,000 of outstanding indebtedness owing to Clarus Securities Inc. for advisory services rendered to the company and completed on March 15, 2026.

The settlement shares will be subject to a statutory hold period until Aug. 22, 2026 (four months from issuance), in accordance with applicable securities laws and TSX Venture Exchange policies.

The company has received conditional acceptance from the exchange in respect of the debt settlement.

About Paragon Advanced Labs Inc.

Paragon Advanced Labs provides innovative analytical technologies to the global mining industry. By embracing new technology, the company is addressing critical capacity bottlenecks in mineral assaying through the deployment of PhotonAssay technology and complementary analytical solutions. The company delivers faster, more accurate and cost-effective mineral analysis for mining operators worldwide.

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