Lifebank Corp.

Lifebank Corp.

January 08, 2008 19:00 ET

Lifebank Grants Stock Options

BURNABY, BRITISH COLUMBIA--(Marketwire - Jan. 8, 2008) - Lifebank Corp. (the "Company") (TSX VENTURE:LBK) announces that, under its stock option plan, it has granted incentive stock options to directors, officers and consultants of the Company to purchase up to a total aggregate of 575,000 Common shares in the capital stock of the Company at a price of $0.20 per share. The options are exercisable until January 8, 2013.

Lifebank is a biomedical service company that provides processing and cryogenic (ultra low temperature) storage of umbilical cord blood stem cells. It is an AABB accredited, Health Canada inspected and FDA registered facility. Lifebank has successfully stored stem cell samples for clients in Canada, the United States, Europe, Asia, the Middle East and the Caribbean. Lifebank is dedicated to providing its clients with the finest cord blood stem cell processing, analysis and cryogenic storage services available in the world. Lifebank strives to work closely with physicians and public institutions in order to provide life saving cord blood services to any and all persons in need.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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