Dr. Lui Franciosi reports

APPOINTMENT OF NEW CHIEF FINANCIAL OFFICER

Veritas Pharma Inc. has appointed David Alexander as VRT's chief financial officer. Mr. Alexander will be responsible for leading VRT's financial strategy and operations, supporting all functions of the organization.

Mr. Alexander is a CPA and CA with a BComm with honours in finance from the University of British Columbia. Over the past 25 years, in his position as CFO, he has managed the rapid growth of several early stage and start-up companies through to exits that total in excess of $1-billion.

As CFO of Arakis Energy Corp., an international oil and gas development company, he managed its growth from a start-up to over $1-billion in assets, moving it from the Vancouver Stock Exchange to the Nasdaq Stock Market. Arakis was subsequently sold to Talisman Energy Inc. Previously, Mr. Alexander was CFO of Nortran Pharmaceuticals, Inc., a UBC-based pharmaceutical research and development company engaged in the development and commercialization of cardiovascular therapies. While at Nortran, Mr. Alexander helped secure initial and continuing research financing, and was able to have the firm listed on the VSE. Nortran subsequently became Cardiome Pharma Corp., a successful pharmaceutical company based in Vancouver, B.C.

"I am pleased to have David join Veritas at this time in our development. David is a strong leader whose broad experience in small and large specialty pharmaceutical organizations uniquely qualifies him to lead and build our financial operations as we enter a transformative period in our company," said Dr. Lui Franciosi, chief executive officer of Veritas. "Having previously managed financial planning, analysis and strategic growth initiatives for a variety of exchange-listed companies, David has a thorough understanding of the exciting opportunities from which Veritas is poised to benefit."

"The company is approaching a period of immense growth and opportunity. I look forward to working with the Veritas team to successfully execute on the goals ahead and to focus on driving significant shareholder return," stated Mr. Alexander.

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