Velan Announces Election of Directors

MONTRÉAL, July 13, 2021 /CNW Telbec/ - Velan Inc. (the "Corporation") (TSX: VLN) announced today that each director nominee listed in the Management Proxy Circular dated May 23, 2021 was elected as Director of the Corporation during the Annual Meeting of the Shareholders held on July 13, 2021 in Montréal, Québec.

The details of the election are as follows:

Director Nominee	Outcome	Votes for	% for	Votes withheld	% withheld
James A. Mannebach	elected	80,264,108	99.90%	84,035	0.10%
Suzanne Blanchet	elected	80,333,388	99.98%	14,755	0.02%
Dahra Granovsky	elected	80,297,473	99.94%	50,670	0.06%
Edward Kernaghan	elected	80,201,786	99.82%	146,357	0.18%
Yves Leduc	elected	80,338,488	99.99%	9,655	0.01%
Robert Raich	elected	80,337,123	99.99%	11,020	0.01%
William Sheffield	elected	80,124,708	99.72%	223,435	0.28%
Ivan Velan	elected	80,334,223	99.98%	13,920	0.02%
Robert Velan	elected	80,336,023	99.98%	12,120	0.02%
Tom Velan	elected	80,336,023	99.98%	12,120	0.02%

The results of the final votes regarding all matters subject to a vote during the Annual Meeting will be made available under the Corporation's profile on SEDAR (www.sedar.com).

SOURCE Velan Inc.

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