VELAN Inc.: Announcement

Mon Oct 6, 2:40 PM

MONTREAL, QUEBEC--(Marketwire - Oct. 6, 2008) - Velan Inc. (TSX: VLN.TO) today announced that on Tuesday, October 14, 2008, it will release financial results for its 1st Quarter ended August 31, 2008.

The company will hold an analyst call on October 14, 2008 at 4:30 p.m. (Eastern Daylight Time) to discuss the results. The call may be accessed by dialing 1-800-706-9108, and quoting the reservation number 21396183. 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 # 21390911 then follow system prompts.

T.C. Velan, President

Contacts

John D. Ball
VELAN Inc.
CFO
514-748-7743, ext. 5537
514-748-8635 (FAX)
www.velan.com