Lifebank Stock Options

As previously announced on January 8, 2008, Lifebank Corp. (the "Company") (TSX
VENTURE:LBK) granted incentive stock options to purchase up to 575,000 Common
shares in the capital of the Company at a price of $0.20 per share until January
8, 2013. The optionees included directors, officers, employees and consultants.


Ernest Stacey, President of the Company of 13589 25th Avenue, Surrey, BC V4P 1Z7
received 150,000 of the options, which together with 150,000 previously granted
options, represent approximately 3% of the issued and outstanding shares of the
Company (assuming exercise of the options and that no other Common shares of the
Company are issued).


After giving effect to the acquisitions referred to above, Mr. Stacey
beneficially owns 2,112,004 Common shares and options to purchase in aggregate
300,000 Common shares, which if no other outstanding convertible securities of
the Company were converted, would represent approximately 24.1% of the issued
and outstanding Common shares of the Company (assuming exercise of Mr. Stacey's
options).


Mr. Stacey may, depending on market and other conditions, increase or decrease
his beneficial ownership, control or direction over common shares or other
securities of the Company through market transactions, private agreements,
treasury purchases, exercise of convertible securities or otherwise.


Mr. Stacey will file a report describing the above transactions with applicable
securities regulators, a copy of which will be available from Lifebank at
604-738-2722 and under Lifebank's profile at www.SEDAR.com.


Lifebank is a biomedical service company that provides processing and cryogenic
(ultra low temperature) storage of umbilical cord blood stem cells. It is an
AABB accredited, Health Canada inspected and FDA registered facility. Lifebank
has successfully stored stem cell samples for clients in Canada, the United
States, Europe, Asia, the Middle East and the Caribbean. Lifebank is dedicated
to providing its clients with the finest cord blood stem cell processing,
analysis and cryogenic storage services available in the world. Lifebank strives
to work closely with physicians and public institutions in order to provide life
saving cord blood services to any and all persons in need.