Mr. Stuart Wooldridge reports

GLG LIFE TECH CORPORATION ANNOUNCES COMPLETION OF CONTINUOUS DISCLOSURE REVIEW AND REVOCATION ORDER ISSUED BY BCSC

The British Columbia Securities Commission (BCSC) has completed its continuous disclosure review of GLG Life Tech Corp. and issued a revocation order relating to the cease trade order issued on May 2, 2012.

The company has applied to the Ontario Securities Commission and the Manitoba Securities Commission for revocation of the cease trade orders issued in those jurisdictions. The company is diligently working through the remaining steps in the process with the expectation that the company's shares will commence trading again in the near future.

The company is also pleased to announce that it has now successfully renewed all of its bank loans, improving the company's balance sheet and working capital position. The company has now signed loan refinancing agreements with all of its short-term loan lenders. The balance of these loans is currently approximately $58.7-million. The net effect of the restructuring agreements is to split the amounts due over three years. The loans due for repayments for 2013 are $8.6-million, the loans due for repayments for 2014 are $29.2-million and the loans due for repayments for 2015 are $18.4-million.

We seek Safe Harbor.