The Medipattern Corporation TSX VENTURE : MKI

October 21, 2005 11:59 ET

CORRECTION FROM SOURCE: Medipattern Corrects Earlier Release of Fiscal 2005 Results

TORONTO, ONTARIO--(CCNMatthews - Oct. 21, 2005) - A correction from source has been issued with respect to the release issued on October 21, 2005 at 6:30 am et.

The Medipattern Corporation (TSX VENTURE:MKI), a leading developer of computer-aided detection (CAD) software applications for medical imaging, today issued a correction to the previously announced financial results for its financial year ended June 30th, 2005.

Net loss for the fiscal year ended June 30, 2005 was $1,272,887 rather than the $1,287,887 indicated in the press release disseminated earlier today. All other details, including the annual report and fiscal 2005 documents filed to SEDAR, remain the same as reported earlier.

For further details concerning Medipattern's results, please see the company's filings on SEDAR (www.sedar.com).

About The Medipattern Corporation

The Medipattern Corporation develops computer-aided detection (CAD) software applications for medical imaging. Medipattern's core technology is a software platform designed to analyze and automate the processing of medical digital images. The Company's initial clinical application is CAD for breast ultrasound (B-CAD™). B-CAD uses pattern recognition technology to assist radiologists in their efforts to classify and characterize lesions in ultrasound images of the breast. For additional information, please visit the company's website at: www.medipattern.com.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved of the contents of this release. The TSX Venture Exchange has in no way passed on the merits of the transaction described herein.