TSX Venture Exchange Symbol: PGR   Shares Issued: 60,649,254 VANCOUVER, Aug. 16, 2012 /CNW/ - Paragon Minerals Corporation reports that the Company has applied to extend the term of the 7,914,500 warrants exercisable at $0.20 per share from December 3 2012 to June 3, 2014.  The amendment to the warrants is subject to TSXV approval. PARAGON MINERALS CORPORATION "Michael Vande Guchte" _______________________________ President & CEO "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." Paragon Minerals Corporation CONTACT: please visit the company website or contact Michael Vande Guchteat(604) 629-2353

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