MONTREAL, QUEBEC--(Marketwire - May 13, 2009) - Velan Inc. (TSX:VLN - News) today announced that on Tuesday, May 19, 2009, it will release Year-End financial results ended February 28, 2009.

The company will hold an analyst call on May 19, 2009 at 4:30 p.m. (Eastern Daylight Time) to discuss the results. The call may be accessed by dialing 1-800-732-6870, and quoting the reservation number 21424905. 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 # 21424905 then follow system prompts.

T.C. Velan, President

Tom Velan
VELAN Inc.
President
514-748-7743
514-748-8635 (FAX)

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