Mr. Yves Leduc reports

VELAN INC.: ANNOUNCEMENT

On Thursday, July 12, 2018, Velan Inc. will release its first quarter results for the fiscal year ended May 31, 2018.

The company will hold an analyst call on Thursday, July 12, 2018, at 4:30 p.m. ET to discuss the results. The call may be accessed by dialling 800-672-0241, and quoting the reservation No. 21892120. There will be postview available for seven days following this conference call. The numbers are as follow: 416-626-4100 or 800-558-5253. Enter reservation No. 21892120 then follow system prompts.