Velan Inc.
TSX : VLN.SV

Velan Inc.

May 31, 2005 15:19 ET

Velan: John Ball Appointed as CFO

MONTREAL, QUEBEC--(CCNMatthews - May 31, 2005) - Velan Inc. is pleased to announce the appointment of John Ball to the position of CFO effective June 1st. John is a very experienced financial executive with multi-national and multi-industry experience. Since 1998 he has been the senior Vice-president and CFO of a publicly listed North American retailer, distributor and manufacturer of consumer products. Prior to that he worked for a large multi-national accounting firm for 19 years including 9 years as audit partner.

We are confident that John Ball will be a very valuable addition to our executive team.

T.C. Velan

President

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