Mr. George Dorin reports

PYNG MEDICAL CORP. ANNOUNCES BRIDGE LOAN

Pyng Medical Corp. has arranged a loan in the amount of $220,000 (U.S.) from its largest shareholder, Excelera Corp. The loan carries interest at 11 per cent per year, is unsecured and does not include an equity component. The total principal and interest are due on April 12, 2012.

Excelera currently beneficially owns or controls 19.99 per cent of the outstanding common shares of Pyng. These shares were transferred to Excelera from MDR Specialty Distribution Corp. as a result of a reorganization of MDR. Herb Toms, the chairman of Pyng, beneficially owns or controls 80 per cent of the common shares of Excelera and MDR.

Pyng also expects to develop a long-term financing arrangement of up to $1-million (U.S.) with Excelera, which the loan will roll into, that is expected to provide additional funds to complete critical product development activity.

The company also announced that Robert Di Silvio has replaced Mr. Toms as a member of the audit committee.

We seek Safe Harbor.