Mr. Brian Kalish reports

GEMOSCAN ANNOUNCES STRONGER FINANCIAL RESULTS FOR Q2 2014

Gemoscan Canada Inc. has released its operational and financial results for the six months and second fiscal quarter ended Sept. 30, 2013. In this press release, all dollar amounts are expressed in Canadian currency and results are reported in accordance with international financial reporting standards (IFRS). Continued better than expected results were generated by the company's continuing focus on distribution to the consumer through the emerging retail health care sector including traditional pharmacies and paramedical clinics. The company's programs are available in nearly 600 pharmacies and paramedical clinics across Canada.

The current financial results reflect the company's previously announced acquisition of Physiomed Kennedy Inc., a multidisciplinary paramedical clinic, and consolidate the August and September, 2013, financial results for the Clinic.

For the six months ended Sept. 30, 2013, total revenues were $1,041,196, representing an increase of 95 per cent from $533,370, over the comparative six-month period in fiscal 2012. Fiscal second quarter revenues were $667,302, representing an increase of 138 per cent over $280,629, for the comparative three-month period in fiscal 2012. For the six months ended Sept. 30, 2013, the company also reported a lower than expected net loss of $622,128, as compared with $1,109,214 for the comparative period in fiscal 2012. Lower than expected fiscal second quarter net loss of $386,681 was also reported, versus $571,663 for the comparative period in fiscal 2012. The company also reported a significant reduction to cash used for operating activities for the six months ended Sept. 30, 2013, of $217,395 versus $576,056, for the comparative period in fiscal 2012.

All of the company's financial statements and management's discussion and analysis are available on SEDAR.

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