WEX Pharmaceuticals Inc.
TSX : WXI

WEX Pharmaceuticals Inc.

January 24, 2006 09:00 ET

WEX Pharmaceuticals Inc.: Resignation from the Board of Directors

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 24, 2006) - WEX Pharmaceuticals Inc. ("WEX" or the "Company") (TSX:WXI) today announced that effective immediately Kenneth Jun Tao Li (formally known as Kenneth Hoi Kau Lee) has resigned from the Board of Directors.

About WEX Pharmaceuticals Inc.

WEX Pharmaceuticals Inc. is dedicated to the discovery, development, manufacture and commercialization of innovative drug products to treat pain. The Company's principal business strategy is to derive drugs from naturally occurring toxins and develop proprietary products for the global market. The Company's Chinese subsidiary sells generic products manufactured at its facility in China.

Forward-Looking Statements

This News Release contains forward-looking statements which may not be based on historical fact. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The company disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments.

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