Advanced Proteome Therapeutics Announces CEO and Director Resignations

Advanced Proteome Therapeutics Corporation

 (“

APC

” or the “

Company

”) (TSX-V:APC) (FSE:0E8) announces that its Board of Directors has accepted the resignation of Mr. Randal Chase as President, Chief Executive Officer and a Director of the Corporation. At this time Mr. Chase has decided to pursue other opportunities and the Board wishes him well with his future endeavours. 

In addition to Dr. Chase, independent directors Paul Kirkconnell and Thom Skinner have elected to step down from the Board of Directors effective immediately.

Dr. Allen Krantz, COO, of Advanced Proteome Therapeutics, commented that “Advanced Proteome Therapeutics will be announcing a new Board along with a CEO shortly.”

ABOUT THE COMPANY:

Advanced Proteome Therapeutics Corporation is developing a proprietary technology to directly target cancerous tumors and avoid destroying normal cells. This type of agent is capable of greater potency, higher specificity, and lower toxicity than other therapies that can also attack healthy cells.  Advanced Proteome is working to streamline the process by which these agents are prepared, which to date, has been extremely cumbersome, limiting their potential.   www.advancedproteome.com

FOR FURTHER INFORMATION PLEASE CONTACT:

Advanced Proteome Therapeutics Corporation Allen Krantz, Ph.D. Chief Operating and Chief Scientific Officer Tel: [phone] http://www.advancedproteome.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This communication contains certain forward-looking statements relating to the Company’s business, which can be identified by the use of forward-looking terminology such as "estimates", "believes", "expects", "may", "will”, "should”, "future", "potential" or similar expressions or by a general discussion of the Company’s strategies, plans or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results of operations, financial position, earnings, achievements, or industry results, to be materially different from any future results, earnings or achievements expressed or implied by such forward-looking statements. Given these uncertainties, prospective investors and partners are cautioned not to place undue reliance on such forward-looking statements. We disclaim any obligation to update any such forward-looking statements to reflect future events or developments.