MONTREAL, QUEBEC--(Marketwire - July 2, 2009) - Velan Inc. (TSX:VLN - News) today announced that on Thursday, July 9, 2009, it will release first quarter financial results ended May 31, 2009.

The company will hold an analyst call on July 9, 2009 at 4:30 p.m. (Eastern Daylight Time) to discuss the results. The call may be accessed by dialing 1-800-732-5617, and quoting the reservation number 21430864. 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 # 21430864 then follow system prompts.

Velan Inc. will be holding its Annual General Meeting at 11:00 a.m. on Friday, July 10, 2009 at the Saint James's Club of Montreal, 1145 Union Avenue, Montreal, Quebec.

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