Miraculins Inc.

Miraculins Inc.

October 16, 2007 12:12 ET

Miraculins to Present Positive PCSC04 Study Results at Major Cancer Conference

WINNIPEG, MANITOBA--(Marketwire - Oct. 16, 2007) - Miraculins Inc. (TSX VENTURE:MOM), a biotechnology company dedicated to the discovery and validation of cancer biomarkers for use in developing diagnostic tools and therapeutic products, is pleased to announce that it will be presenting at AACR-NCI-EORTC International Conference: "Molecular Targets and Cancer Therapeutics" to be held on October 22 - 26, 2007, in San Francisco, CA.

"We plan to present the positive final results from our PCSC04 pre-biopsy prostate cancer study which we originally announced this past May," stated Christopher J. Moreau, president and CEO for Miraculins. "This conference will provide us the opportunity to disseminate our research results to the academic community and reach a targeted audience in our field of research."

PCSC04 was a prospective study of 200 pre-prostate biopsy patients initiated in November 2006 with CMX Research Inc. The data analyzed from the study has shown that the Miraculins urine based test performed with a specificity that would have eliminated approximately 23% of the biopsies for patients who did not have prostate cancer. The test performed with a sensitivity that correctly identified 93% of patients who were true positives for prostate cancer and needed to be scheduled for a biopsy.

In addition, the Miraculins panel test was able to distinguish aggressive prostate cancer (cancers with a Gleason grade of 7 of higher) from non-aggressive cancer with a sensitivity and specificity of 92% and 55% respectively. The evidence suggests the test could be used as an additional tool for disease management and could help pathologists diagnose the cancer grade in combination with the Gleason score grading. These results will also be presented at the conference.

Miraculins is currently developing an ELISA test for its prostate cancer diagnostic and preparing that test for an FDA study.

About Miraculins Inc.

Miraculins is dedicated to the discovery, validation and development of biological markers (biomarkers) with clinical relevance for the diagnosis and treatment of cancers with critical unmet needs. The importance of tumor biomarkers for "common" cancers has been widely recognized and acknowledged by cancer experts and leading groups such as the National Cancer Institute and the American Cancer Society. The Company's B.E.S.T. Platform™ utilizes the concurrent analysis of clinical factors and biological data, and a combination of proteomic, mass spectrometric, and protein chemistry techniques for biomarker discovery.

Caution Regarding Forward-Looking Information

Certain statements contained in this press release constitute forward-looking information within the meaning of applicable Canadian provincial securities legislation (collectively, "forward-looking statements"). These forward-looking statements relate to, among other things, our objectives, goals, targets, strategies, intentions, plans, beliefs, estimates and outlook, including, without limitation, our anticipated future operating results, and can, in some cases, be identified by the use of words such as "believe," "anticipate," "expect," "intend," "plan," "will," "may" and other similar expressions. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements.

These statements reflect management's current beliefs and are based on information currently available to management. Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from these expectations include, among other things: Miraculins' early stage of development, lack of product revenues and history of operating losses, uncertainties related to clinical trials and product development, rapid technological change, uncertainties related to forecasts, competition, potential product liability, additional financing requirements and access to capital, unproven markets, supply of raw materials, income tax matters, management of growth, partnerships for development and commercialization of technology, effects of insurers' willingness to pay for products, system failures, dependence on key personnel, foreign currency risk, risks related to regulatory matters and risks related to intellectual property and other risks detailed from time to time in Miraculins' filings with Canadian securities regulatory authorities, as well as Miraculins' ability to anticipate and manage the risks associated with the foregoing. Additional information about these factors and about the material factors or assumptions underlying such forward-looking statements may be found in the body of this news release. Miraculins cautions that the foregoing list of important factors that may affect future results is not exhaustive. When relying on Miraculins' forward-looking statements to make decisions with respect to Miraculins investors and others should carefully consider the foregoing factors and other uncertainties and potential events.

These risks and uncertainties should be considered carefully and prospective investors should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Miraculins cannot provide assurance that actual results will be consistent with these forward-looking statements. Miraculins undertakes no obligation to update or revise any forward-looking statement.

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

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