Velan Inc.: Announcement

MONTREAL, QUEBEC--(Marketwire - July 20, 2011) - Velan Inc. (TSX:VLN) today announced that on Tuesday, August 2, 2011, it will release first quarter results ended May 31, 2011.

The company will hold an analyst call on Tuesday, August 2, 2011 at 4:30 p.m. (Eastern Daylight Time) to discuss the results. The call may be accessed by dialing 800-268-2160, and quoting the reservation number 21532681. There will be a PostView available for 7 days following this conference call. The numbers are as follows: 416-626-4100 or 800-558-5253 Enter Reservation number 21532681 then follow system prompts.

T.C. Velan, President & CEO