<ul>
<li>Paragon Advanced Labs Inc. 在多伦多证券交易所创业板上市，股票代码为 &#34;PALS&#34;</li>
<li>公司通过其技术驱动的实验室为矿业提供服务</li>
<li>在北美有三个实验室 - 内华达州斯帕克斯；安大略省汉密尔顿；不列颠哥伦比亚省萨里</li>
</ul>
<p>安大略省多伦多 --（Newsfile Corp. -2025 年 12 月 11 日）- Paragon Advanced Labs Inc.（TSXV: PALS）（&#34;公司&#34;或&#34;Paragon&#34;）欣然宣布，其普通股已在多伦多证券交易所创业板（&#34;TSXV&#34;）开始交易，股票名称为 Paragon Advanced Labs Inc.，股票代码为 &#34;PALS&#34;。</p>
<p>Paragon 的成立旨在帮助缓解矿业分析中的历史瓶颈，并采用新技术为客户提供数据驱动的矿业测试洞察。Paragon 在北美率先部署 PhotonAssay™，这是一种更快、更安全且更准确的黄金测试技术。</p>
<p>最近，Paragon 的一个关键客户 McEwen Inc.（&#34;McEwen&#34;）通过收购公司约 27% 的股份，进行了战略投资，成为 Paragon 的最大股东。</p>
<p>在 2025 年 11 月 3 日的新闻稿中，McEwen 对 Paragon 的战略定位进行了评论，表示：&#34;PhotonAssay™ 是 McEwen 认为有望成为贵金属和基础金属分析的新行业标准的技术，Paragon 旨在成为全球领先的服务提供商之一。&#34;</p>
<p>此次在 TSXV 的上市标志着 Paragon 企业发展的一个重要里程碑，为公司在矿业客户和投资者中提供了更高的可见度，并改善了对公共资本市场的访问，以支持其增长战略和持续运营。</p>
<p>PhotonAssay™ 是一种非破坏性、高通量的黄金分析技术，被视为传统火法分析的替代方案，显著缩短了周转时间，同时提供重要的环境和社会效益。</p>
<p>公司计划在全球部署额外的九个 PhotonAssay™ 单元。Paragon 目前在其实验室网络中运营三个 PhotonAssay™ 单元，并提供火法分析和地球化学分析。</p>
<p>Paragon Geochemical 在以下地区运营实验室：</p>
<ul>
<li>内华达州斯帕克斯（雷诺）</li>
<li>安大略省汉密尔顿</li>
<li>不列颠哥伦比亚省萨里</li>
</ul>
<p>随着 Paragon 继续扩大其在关键矿业管辖区的实验室足迹和能力，计划进行额外的 PhotonAssay™ 部署。</p>
<p>&#34;我们感谢所有利益相关者、合作伙伴和客户参与这段精彩的旅程。我们感谢您的合作，并期待继续支持一些令人兴奋的勘探、开发和矿业运营，&#34; Paragon 首席执行官 Peter Shippen 表示。</p>
<p><strong>关于 Paragon Advanced Labs Inc.</strong></p>
<p>Paragon Advanced Labs Inc. 为全球矿业提供创新的分析技术。通过采用新技术，公司正在通过部署 PhotonAssay™ 技术和补充分析解决方案来解决矿物分析中的关键产能瓶颈。公司为全球矿业运营商提供更快、更准确和更具成本效益的矿物分析。</p>
<p>代表 Paragon Advanced Labs Inc. 董事会</p>
<p>Peter Shippen</p>
<p>首席执行官兼董事</p>
<p>Paragon Advanced Labs Inc.</p>
<p>如需更多信息，请联系：</p>
<p>Peter Shippen，首席执行官兼董事</p>
<p>电子邮件：peter.shippen@paragongeochem.com</p>
<p><strong>前瞻性声明</strong></p>
<p>本新闻稿包含适用的加拿大证券立法意义上的 &#34;前瞻性声明&#34;。前瞻性声明基于截至本新闻稿日期的预期、估计和预测，并受到已知和未知的风险、不确定性及其他因素的影响，这些因素可能导致实际结果、表现或成就与此类前瞻性声明所表达或暗示的结果存在重大差异。本声明中的前瞻性声明可能包括但不限于关于公司计划、商业目标、战略、财务或运营表现、勘探或开发项目、未来市场条件及其他未来事件或条件的声明。</p>
<p>前瞻性声明通常通过诸如 &#34;预期&#34;、&#34;相信&#34;、&#34;期望&#34;、&#34;估计&#34;、&#34;打算&#34;、&#34;可能&#34;、&#34;计划&#34;、&#34;项目&#34;、&#34;应该&#34;、&#34;将&#34; 和类似表达来识别。这些声明并不是未来表现的保证，并涉及风险和不确定性，包括公司在 SEDAR+ 上可用的公开文件中描述的风险。读者应注意，前瞻性声明并不是未来表现或事件的保证，因此应谨慎对待前瞻性声明，因为此类声明固有的不确定性。</p>
<p>TSXV 及其监管服务提供者（根据 TSXV 政策中的定义）对本新闻稿的充分性或准确性不承担责任。</p>
<p>要查看本新闻稿的源版本，请访问 https://www.newsfilecorp.com/release/277792</p>

<p>Paragon Advanced Labs Inc. 已在多伦多证券交易所创业板上市，股票代码为 "PALS"。该公司为矿业行业提供技术驱动的实验室服务，旨在通过 PhotonAssay™ 技术缓解矿业分析中的瓶颈。McEwen Inc. 已收购 Paragon 27% 的股份，成为其最大股东。此次上市提升了 Paragon 的知名度和资本市场的接入能力，支持其增长战略。该公司计划在全球范围内部署更多的 PhotonAssay™ 单元，以扩展其实验室网络</p>

<ul>
<li>Paragon Advanced Labs Inc. lists on TSX Venture Exchange under ticker symbol &#34;PALS&#34;</li>
<li>Company provides services to the mining industry through its technology enabled labs</li>
<li>Three labs in North America - Sparks, Nevada; Hamilton, Ontario; Surrey, BC</li>
</ul>
<div class="lb-trans"><ul>
<li>Paragon Advanced Labs Inc. 在多伦多证券交易所创业板上市，股票代码为 &#34;PALS&#34;</li>
<li>公司通过其技术驱动的实验室为矿业提供服务</li>
<li>在北美有三个实验室 - 内华达州斯帕克斯；安大略省汉密尔顿；不列颠哥伦比亚省萨里</li>
</ul>
</div><p>Toronto, Ontario--(Newsfile Corp. - December 11, 2025) - Paragon Advanced Labs Inc. (TSXV: PALS) (the &#34;Company&#34; or &#34;Paragon&#34;) is pleased to announce that its common shares have commenced trading on the TSX Venture Exchange (the &#34;TSXV&#34;) under the Company's name Paragon Advanced Labs Inc. and the ticker symbol &#34;PALS.&#34;</p>
<div class="lb-trans"><p>安大略省多伦多 --（Newsfile Corp. -2025 年 12 月 11 日）- Paragon Advanced Labs Inc.（TSXV: PALS）（&#34;公司&#34;或&#34;Paragon&#34;）欣然宣布，其普通股已在多伦多证券交易所创业板（&#34;TSXV&#34;）开始交易，股票名称为 Paragon Advanced Labs Inc.，股票代码为 &#34;PALS&#34;。</p>
</div><p>Paragon was founded to help alleviate the historical bottlenecks in mining assays and has embraced new technology to provide its clients with data-driven insights in their mining testing. Paragon has been an early mover in North America in deploying PhotonAssay™, a faster, safer and more accurate gold testing technology.</p>
<div class="lb-trans"><p>Paragon 的成立旨在帮助缓解矿业分析中的历史瓶颈，并采用新技术为客户提供数据驱动的矿业测试洞察。Paragon 在北美率先部署 PhotonAssay™，这是一种更快、更安全且更准确的黄金测试技术。</p>
</div><p>Recently, a key customer of Paragon, McEwen Inc. (&#34;McEwen&#34;) made a strategic investment in the Company by acquiring approximately 27% of the business, becoming Paragon's largest shareholder.</p>
<div class="lb-trans"><p>最近，Paragon 的一个关键客户 McEwen Inc.（&#34;McEwen&#34;）通过收购公司约 27% 的股份，进行了战略投资，成为 Paragon 的最大股东。</p>
</div><p>In its press release dated November 3, 2025, McEwen commented on Paragon's strategic positioning, stating: &#34;PhotonAssay™, (is) a technology that McEwen believes is poised to become the new industry standard for assaying precious and base metals, with Paragon aiming to be one of the world's leading service providers.&#34;</p>
<div class="lb-trans"><p>在 2025 年 11 月 3 日的新闻稿中，McEwen 对 Paragon 的战略定位进行了评论，表示：&#34;PhotonAssay™ 是 McEwen 认为有望成为贵金属和基础金属分析的新行业标准的技术，Paragon 旨在成为全球领先的服务提供商之一。&#34;</p>
</div><p>This listing on the TSXV marks an important milestone in Paragon's corporate development and provides the Company with enhanced visibility among mining clients and investors and improved access to the public capital markets that will support its growth strategy and ongoing operations.</p>
<div class="lb-trans"><p>此次在 TSXV 的上市标志着 Paragon 企业发展的一个重要里程碑，为公司在矿业客户和投资者中提供了更高的可见度，并改善了对公共资本市场的访问，以支持其增长战略和持续运营。</p>
</div><p>PhotonAssay™ is a non-destructive, high-throughput gold analysis technology that is seen as a replacement to traditional fire assays, significantly reducing turnaround times while providing important environmental and social benefits.</p>
<div class="lb-trans"><p>PhotonAssay™ 是一种非破坏性、高通量的黄金分析技术，被视为传统火法分析的替代方案，显著缩短了周转时间，同时提供重要的环境和社会效益。</p>
</div><p>The Company plans to deploy an additional nine PhotonAssay™ units worldwide. Paragon currently operates three PhotonAssay™ units across its lab network, as well as offering fire assay and geochemical analyses.</p>
<div class="lb-trans"><p>公司计划在全球部署额外的九个 PhotonAssay™ 单元。Paragon 目前在其实验室网络中运营三个 PhotonAssay™ 单元，并提供火法分析和地球化学分析。</p>
</div><p>Paragon Geochemical operates labs in the following areas:</p>
<div class="lb-trans"><p>Paragon Geochemical 在以下地区运营实验室：</p>
</div><ul>
<li>Sparks (Reno), Nevada</li>
<li>Hamilton, Ontario</li>
<li>Surrey, BC</li>
</ul>
<div class="lb-trans"><ul>
<li>内华达州斯帕克斯（雷诺）</li>
<li>安大略省汉密尔顿</li>
<li>不列颠哥伦比亚省萨里</li>
</ul>
</div><p>Additional PhotonAssay™ deployments are planned as Paragon continues to expand its laboratory footprint and capacity in key mining jurisdictions.</p>
<div class="lb-trans"><p>随着 Paragon 继续扩大其在关键矿业管辖区的实验室足迹和能力，计划进行额外的 PhotonAssay™ 部署。</p>
</div><p>&#34;We thank all of our stakeholders, partners and clients for being part of this amazing journey. We appreciate your partnership and look forward to continuing to support some incredibly exciting exploration, development and mining operations,&#34; stated Peter Shippen, CEO of Paragon.</p>
<div class="lb-trans"><p>&#34;我们感谢所有利益相关者、合作伙伴和客户参与这段精彩的旅程。我们感谢您的合作，并期待继续支持一些令人兴奋的勘探、开发和矿业运营，&#34; Paragon 首席执行官 Peter Shippen 表示。</p>
</div><p><strong>About Paragon Advanced Labs Inc.</strong></p>
<div class="lb-trans"><p><strong>关于 Paragon Advanced Labs Inc.</strong></p>
</div><p>Paragon Advanced Labs Inc. 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.</p>
<div class="lb-trans"><p>Paragon Advanced Labs Inc. 为全球矿业提供创新的分析技术。通过采用新技术，公司正在通过部署 PhotonAssay™ 技术和补充分析解决方案来解决矿物分析中的关键产能瓶颈。公司为全球矿业运营商提供更快、更准确和更具成本效益的矿物分析。</p>
</div><p>ON BEHALF OF THE BOARD OF DIRECTORS OF PARAGON ADVANCED LABS INC.</p>
<div class="lb-trans"><p>代表 Paragon Advanced Labs Inc. 董事会</p>
</div><p>Peter Shippen</p>
<div class="lb-trans"><p>Peter Shippen</p>
</div><p>Chief Executive Officer and Director</p>
<div class="lb-trans"><p>首席执行官兼董事</p>
</div><p>Paragon Advanced Labs Inc.</p>
<div class="lb-trans"><p>Paragon Advanced Labs Inc.</p>
</div><p>For more information, contact:</p>
<div class="lb-trans"><p>如需更多信息，请联系：</p>
</div><p>Peter Shippen, Chief Executive Officer and Director</p>
<div class="lb-trans"><p>Peter Shippen，首席执行官兼董事</p>
</div><p>Email: peter.shippen@paragongeochem.com</p>
<div class="lb-trans"><p>电子邮件：peter.shippen@paragongeochem.com</p>
</div><p><strong>Forward-looking Statements</strong></p>
<div class="lb-trans"><p><strong>前瞻性声明</strong></p>
</div><p>This news release contains &#34;forward-looking statements&#34; within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on expectations, estimates and projections as of the date of this news release and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this release may include, but are not limited to, statements regarding the Company's plans, business objectives, strategy, financial or operational performance, exploration or development programs, future market conditions, and other future events or conditions.</p>
<div class="lb-trans"><p>本新闻稿包含适用的加拿大证券立法意义上的 &#34;前瞻性声明&#34;。前瞻性声明基于截至本新闻稿日期的预期、估计和预测，并受到已知和未知的风险、不确定性及其他因素的影响，这些因素可能导致实际结果、表现或成就与此类前瞻性声明所表达或暗示的结果存在重大差异。本声明中的前瞻性声明可能包括但不限于关于公司计划、商业目标、战略、财务或运营表现、勘探或开发项目、未来市场条件及其他未来事件或条件的声明。</p>
</div><p>Forward-looking statements are often identified by words such as &#34;anticipate,&#34; &#34;believe,&#34; &#34;expect,&#34; &#34;estimate,&#34; &#34;intend,&#34; &#34;may,&#34; &#34;plan,&#34; &#34;project,&#34; &#34;should,&#34; &#34;will,&#34; and similar expressions. These statements are not guarantees of future performance and involve risks and uncertainties, including those described in the Company's public filings available under its profile on SEDAR+. Readers are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly, are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements.</p>
<div class="lb-trans"><p>前瞻性声明通常通过诸如 &#34;预期&#34;、&#34;相信&#34;、&#34;期望&#34;、&#34;估计&#34;、&#34;打算&#34;、&#34;可能&#34;、&#34;计划&#34;、&#34;项目&#34;、&#34;应该&#34;、&#34;将&#34; 和类似表达来识别。这些声明并不是未来表现的保证，并涉及风险和不确定性，包括公司在 SEDAR+ 上可用的公开文件中描述的风险。读者应注意，前瞻性声明并不是未来表现或事件的保证，因此应谨慎对待前瞻性声明，因为此类声明固有的不确定性。</p>
</div><p>Neither the TSXV nor its Regulation Services Provider (as the term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.</p>
<div class="lb-trans"><p>TSXV 及其监管服务提供者（根据 TSXV 政策中的定义）对本新闻稿的充分性或准确性不承担责任。</p>
</div><p>To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277792</p>
<div class="lb-trans"><p>要查看本新闻稿的源版本，请访问 https://www.newsfilecorp.com/release/277792</p>
</div>

Paragon Advanced Labs Inc. 宣布上市并提供运营更新