MONTREAL, QUEBEC--(Marketwire - May 6, 2011) - Velan Inc. (TSX:VLN) today announced that on Tuesday, May 17, 2011, it will release fourth quarter year end results ended February 28, 2011.

The company will hold an analyst call on Tuesday, May 17, 2011 at 3:30 p.m. (Eastern Daylight Time) to discuss the results. The call may be accessed by dialing 1-800-734-4208, and quoting the reservation number 21523248. 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 # 21523248 then follow system prompts.

Tom Velan

President and CEO