Medical Ventures Corp.
TSX VENTURE : MEV

Medical Ventures Corp.

May 18, 2006 17:49 ET

Medical Ventures' Invitation to Teleconference Call: Company Update; Thursday, May 25, 11:00 a.m. Pacific Time; 2:00 p.m. Eastern Time

RICHMOND, BRITISH COLUMBIA--(CCNMatthews - May 18, 2006) - MEDICAL VENTURES CORP. (TSX VENTURE:MEV), a medical device company specializing in the development and commercialization of cardiovascular and surgical devices, will be holding a teleconference call on Thursday, May 25, 2006, at 11 a.m. PDT (2 p.m. EDT) to discuss recent developments and the Company's financial results for the first quarter of 2006.

Your hosts will be Caren Holtby, Investor Relations Manager, and Paul Geyer, President and CEO. To participate, please dial 866-898-9626 or 604-678-9375. Participants should quote reference number 3187170 or "Medical Ventures teleconference".

A playback will be available from May 25, 2006, at 1 p.m. PDT, until June 12, 2006. To access the playback, dial 1-800-408-3053 and quote reference number 3187170.

Following the playback, the call will be available on Medical Ventures' website: www.medical-ventures.com.

About Medical Ventures Corp.:

Medical Ventures Corp. is a medical device company dedicated to developing products that address clinical needs in the quickly growing cardiovascular and surgical marketplace. MEV products help doctors treat a wide range of health concerns, including cardiovascular disease, stroke, hernias and obesity. The Company develops and manufactures the patented Metricath® System catheter technology and PeriPatch™, a range of surgical tissue products. For more information please visit www.medical-ventures.com.

Statements contained herein that are not based on historical or current fact, including without limitation statements containing the words "anticipates," "believes", "may", "continues", "estimates", "expects", and "will" and words of similar import, constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include, among others, the following: general economic and business conditions, both nationally and in the regions in which the Company operates; technology changes; competition; changes in business strategy or development plans; the ability to attract and retain qualified personnel; existing governmental regulations and changes in, or the failure to comply with, governmental regulations; liability and other claims asserted against the Company; and other factors referenced in the Company's filings with Canadian securities regulators. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Company does not assume the obligation to update any forward-looking statements.

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

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