MONTREAL, QUEBEC--(Marketwired - May 6, 2016) - Velan Inc. (TSX:VLN) today announced that on Thursday, May 19, 2016, it will release 4^th Quarter results ended February 29, 2016.

The company will hold an analyst call on Thursday, May 19, 2016, at 4:30 p.m. (Eastern Daylight Time) to discuss the results. The call may be accessed by dialing 888-273-1350, and quoting the reservation number 21811460. 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 21811460 then follow system prompts.

For further information contact John D. Ball, CFO at 514-748-7743, ext. 5537.

T.C. Velan

CEO