Mr. Bruno Carbonaro reports

On Wednesday, May 17, 2023, Velan Inc. will release its fourth quarter and annual results for the year ended Feb. 28, 2023.

The company will hold an analyst call on Thursday, May 18, 2023, at 12 p.m. EDT, to discuss the results. The call may be accessed by dialling 1-800-954-0633 and quoting reservation No. 22026910. The material that will be referenced during the conference call will be made available shortly before the event on the company's website under the investor relations section. There will be PostView available for seven days following this conference call. The numbers are as follows: 1-416-626-4100 or 1-800-558-5253 (enter reservation No. 22026910 then follow the system prompts).