Forbes Medi-Tech Inc.
OTC Bulletin Board : FMTI

March 31, 2006 20:36 ET

Forbes Medi-Tech Announces Change in Board of Directors

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 31, 2006) - Forbes Medi-Tech Inc. (TSX:FMI)(NASDAQ:FMTI) announced today that Guy Miller has resigned his position as a Director of the Company for personal reasons reducing the number of Board members from seven to six.

About Forbes Medi-Tech Inc.

Forbes Medi-Tech Inc. is a life sciences company dedicated to the research, development and commercialization of innovative products for the prevention and treatment of cardiovascular disease. Our vision is to develop and market products along a treatment continuum that cardiovascular disease consumers, healthcare professionals and specialized cardiovascular disease research and healthcare institutions will identify, recommend and seek. Our business strategy is to develop and commercialize proprietary compounds to address the unmet needs of patients within the cardiovascular disease market.

This News Release contains forward-looking statements regarding the Company's mission and strategy, which statements can be identified by the use of forward-looking terminology such as "to develop", "vision", "will" and "strategy". The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous factors, including research and development risks; the need for performance by buyers of products; uncertainty as to the Company's ability to generate projected sales volumes; the need to control costs and the possibility of unanticipated expenses and delays; intellectual property risks; marketing/manufacturing risks; product liability and insurance risks; the effect of competition; and the Company's need for future funding; any of which could cause actual results to vary materially from current results or the Company's anticipated future results. See the Company's reports filed with the Canadian and U.S. securities regulatory authorities from time to time for cautionary statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to differ materially from results referred to in forward-looking statements. The Company assumes no obligation to update the information contained in this News Release.

NASDAQ and the Toronto Stock Exchange have not reviewed and do not accept responsibility for the adequacy or accuracy of the content of this News Release.

Contact Information