The Board announces that the resolution proposed at the Class Meeting of Preference  Shareholders held today was passed. Accordingly, the Company will proceed to arrange for  its preference shares to be redeemed in consideration for the allotment and issue of new  Ordinary Shares and a further announcement will be made in due course once the  redemption notice and new Ordinary shares have been issued.
(All definitions are as defined in the announcement of 21 June 2013.)
For further information, please contact:
Paragon Resources plc
Simon Hunt
(Chairman)
+44 7733 337 755
www.paragon-resources.com
Allenby Capital Limited
(Nominated Adviser and Broker)
Nick Harriss/Jeremy Porter/James Reeve
+44 20 3328 5656
www.allenbycapital.com
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