Mr. Peter Shippen reports

PARAGON ADVANCED LABS ANNOUNCES APPOINTMENT OF KURT HEADRICK AS HEAD OF OPERATIONS

Paragon Advanced Labs Inc. has appointed Kurt Headrick as head of operations, effective July 15, 2026.

In this role, Mr. Headrick will provide strategic and operational leadership across all of Paragon's laboratory sites, with responsibility for site management, work force planning, operational performance, quality standards and continuous improvement across the company's network of facilities.

Mr. Headrick brings more than 18 years of laboratory management experience across the mining, and testing, inspection and certification (TIC) sectors. He most recently served as chief chemist at Glencore's Sudbury integrated nickel operations, where he was responsible for analytical services supporting smelter, mill, and metallurgical research and development (R&D) operations with a team of up to 26 direct reports. Prior to that, he held laboratory leadership roles with Bureau Veritas, where he managed trace element and radiochemistry operations under ISO 17025 accreditation, and with Vale, where he led the start-up and operation of the assay laboratory at the Voisey's Bay mine, responsible for assaying up to $2.5-billion in nickel and copper concentrates annually.

Mr. Headrick holds a PhD in analytical chemistry from Carleton University and is a chartered chemist. He has written more than 75 publications and presentations in analytical chemistry and laboratory management, chairs the Canadian delegation to ISO Technical Committee 155, and was recognized with the Canadian Mineral Analysts' Best Technical Paper award.

"Kurt joins us at an important stage in Paragon's growth," said Peter Shippen, chief executive officer of Paragon. "We have built a network of facilities across North America and are scaling quickly to meet client demand. Kurt's operational depth and hands-on leadership style are exactly what we need as we drive consistency, quality and performance across every site. I'm excited to have him on the team."

"I'm excited to join Paragon at this stage in its growth," said Mr. Headrick. "Throughout my career, I've focused on building high performing laboratories and Paragon has assembled a platform with real potential across its network. I look forward to working with the teams at every site to deliver quality, consistency and value for our clients."

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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