OSC Charges Against Discovery Biotech Inc. to be Heard August 18, 2004

TORONTO – At an appearance today at Old City Hall (the Ontario Court of Justice), the proceeding commenced by the Ontario Securities Commission (OSC) against Discovery Biotech Inc. and three of its directors and officers was adjourned to August 18, 2004 at 9:00 a.m. in court room C, Old City Hall, to be spoken to at that time.

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 the notice of hearing and the statement of allegation .

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