Velan Inc.: Announcement


MONTREAL, QUEBEC--(Marketwire - Oct. 2, 2012) - Velan Inc. (TSX:VLN) today announced that on Friday, October 12, 2012, it will release second quarter results ended August 31, 2012.

The company will hold an analyst call on Friday, October 12, 2012 at 4:30 p.m. (Eastern Daylight Time) to discuss the results. The call may be accessed by dialing 888-224-7971, and quoting the reservation number 21607087. 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 21607087 then follow system prompts.

T.C. Velan

President & CEO

Contact Information:

Tom Velan
President & CEO
(514) 748-7743
(514) 748-8635 (FAX)

John D. Ball
Chief Financial Officer
(514) 748-7743 ext. 5537
(514) 748-8635 (FAX)
www.velan.com