MONTREAL, QUEBEC--(Marketwire - Oct. 1, 2009) - Velan Inc. (TSX:VLN - News) today announced that on Thursday, October 8, 2009, it will release second quarter financial results ended August 31, 2009.

The company will hold an analyst call on October 8, 2009 at 4:30 p.m. (Eastern Daylight Time) to discuss the results. The call may be accessed by dialing 1-800-745-9476, and quoting the reservation number 21439442. 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 # 21439442 then follow system prompts.

For further information contact John D. Ball, CFO at 514-748-7743, ext. 5537.

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
514-748-8635 (FAX)
www.velan.com