David L. Tonken

Gregory B. Matthews

November 08, 2005 19:29 ET

Tonken and Matthews Acquire Nexia Shares

CALGARY, ALBERTA--(CCNMatthews - Nov. 8, 2005) - David L. Tonken and Gregory B. Matthews announce that together they have acquired ownership of an aggregate of 6,200,464 common shares of Nexia Biotechnologies Inc. ("Nexia") (NEX: NXB.H) representing 26.47% of the issued and outstanding common shares of Nexia ("Nexia Shares"). Each of Messrs. Tonken and Matthews acquired ownership of 3,100,232 Nexia Shares at a price of $0.1689 per share pursuant to private share purchase agreements entered into effective November 4, 2005. After giving effect to the transactions, each of Tonken and Matthews own 3,100,232 Nexia Shares representing 13.23% of the outstanding Nexia Shares.

Tonken and Matthews each acquired the Nexia Shares for investment purposes. Each of Tonken and Matthews may from time to time on an individual or joint basis acquire additional securities of Nexia, dispose of some or all of the existing or additional securities they hold or will hold, or may continue to hold their current positions.

For further information or to obtain a copy of the early warning report filed in connection with the above, please contact David Tonken at tonken@icrossroads.com.

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