Toxin Alert Inc.
TSX VENTURE : TOX

Toxin Alert Inc.

December 18, 2008 14:18 ET

Toxin Alert Inc. Closes First Tranche of Private Placement

TORONTO, ONTARIO--(Marketwire - Dec. 18, 2008) - Toxin Alert Inc. (TSX VENTURE:TOX) announced that it closed the first tranche of its current private placement offering on December 17, 2008. The offering remains open until a final closing on or before December 31, 2008.

The private placement was for the purpose of obtaining funds to complete the company's 2008 audit. The first tranche closing consisted of 650,000 units of one share and one-half warrant priced at $0.10 a unit. The warrants are for a term of two years and are exercisable at $0.15. The entire offering consists of 1,500,000 similar units. The funds in the first tranche are sufficient to deliver the audit for 2008, and work on the audit has commenced.

The company is under a Management Cease Trade Order until the 2008 audited financial results are filed. The company hopes to file the audited financial statements shortly, but cannot give a date certain because of scheduling challenges of the holiday season.

The TSX Venture Exchange is not responsible for the accuracy or the adequacy of this news release.

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