Velan Inc.: Announcement


MONTREAL, QUEBEC--(Marketwire - May 11, 2012) - Velan Inc. (TSX:VLN) today announced that on Thursday, May 17, 2012, it will release fourth quarter year-end results ended February 29, 2012.

The company will hold an analyst call on Thursday, May 17, 2012 at 4:30 p.m. (Eastern Daylight Time) to discuss the results. The call may be accessed by dialing 888-628-4143, and quoting the reservation number 21591591. There will be a PostView available for 7 days following this conference call. The numbers are as follows: 416-626-4100 or 800-558-5253 Enter Reservation number 21591591 then follow system prompts.

T.C. Velan

President & CEO

Contact Information:

Velan Inc.
Tom Velan
President & CEO
(514) 748-7743
(514) 748-8635 (FAX)

Velan Inc.
John D. Ball
Chief Financial Officer
(514) 748-7743 ext. 5537
(514) 748-8635 (FAX)
www.velan.com