Judicial Pre-Trial Scheduled for Discovery Biotech Inc. on May 20, 2005 Next Court Attendance Set for May 26, 2005

For Immediate Release Before the Court OSC

TORONTO – At an appearance today at Old City Hall (the Ontario Court of Justice), a judicial pre-trial was scheduled for May 20, 2005 at 9:00 a.m. for the proceeding commenced by the Ontario Securities Commission (OSC) against Discovery Biotech Inc. and three of its directors and officers. The judicial pre-trial is not open to the public. The next court attendance for this matter is in court room "C", Old City Hall, at 9:00 a.m. on Thursday, May 26, 2005.

On June 2, 2004, the OSC charged Discovery Biotech Inc., Orest Lozynsky, Robert Vandenberg and Howard Rash with violations of the Ontario Securities Act. A copy of Schedule “A” to the information sworn in respect of these charges is available on the OSC’s website (www.osc.gov.on.ca), along with the related notice of hearing and the statement of allegations .  

 

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