March 07, 2013 at 16:46 PM EST
Velan Inc.: Termination of 2012 Automatic Securities Purchase Plan

MONTREAL, QUEBEC -- (Marketwire) -- 03/07/13 -- Velan Inc. (the "Corporation") (TSX: VLN) announced today that it has terminated its automatic securities purchase plan. The automatic securities purchase plan was introduced in order to facilitate the repurchase of Subordinate Voting Shares of the Corporation, under its normal course issuer bid announced on October 17, 2012.

About Velan

Velan Inc. (www.velan.com) is a world-leading manufacturer of industrial valves with sales of $437 million in its last reported fiscal year. The company employs over 2,000 people and has manufacturing plants in ten countries. Velan Inc. is a public company with its shares listed on the Toronto Stock Exchange under the symbol VLN.

Contacts:
VELAN Inc.
Tom Velan
President & CEO
(514) 748-7743
(514) 748-8635 (FAX)

VELAN Inc.
John D. Ball
Chief Financial Officer
(514) 748-7743
(514) 748-8635 (FAX)
www.velan.com

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