SHOPPERS DRUG MART CORPORATION TO RELEASE THIRD QUARTER RESULTS ON NOVEMBER
10 AND HOLD ANALYST CONFERENCE CALL

TORONTO, Oct. 7 /CNW/ - Shoppers Drug Mart Corporation (TSX: SC) today announced that on Wednesday, November 10, 2010, it will release financial results for its third quarter ended October 9, 2010.

The Company will hold an analyst call on November 10, 2010 at 3:30 p.m. (Eastern Standard Time) to discuss the results. The call may be accessed by dialing 416-340-8530 from within the Toronto area, or 1-877-240-9772 outside of Toronto. The call will also be simulcast on the Company's website for all interested parties. The webcast can be accessed via the Investor Relations section of the Shoppers Drug Mart website at www.shoppersdrugmart.ca.

The conference call will be archived in the Investor Relations section of the Shoppers Drug Mart website until the Company's next analyst call. A playback of the call will also be available by telephone until 11:59 p.m. (Eastern Standard Time) on November 24, 2010. The call playback can be accessed after 5:00 p.m. (Eastern Standard Time) on November 10, 2010 by dialing 416-695-5800 from within the Toronto area, or 1-800-408-3053 outside of Toronto. The seven-digit passcode number is 5087440.

Shoppers Drug Mart Corporation is one of the most recognized and trusted names in Canadian retailing. The Company is the licensor of full-service retail drug stores operating under the name Shoppers Drug Mart (Pharmaprix in Québec). With more than 1,180 Shoppers Drug Mart and Pharmaprix stores operating in prime locations in each province and two territories, the Company is one of the most convenient retailers in Canada. The Company also licenses or owns more than 59 medical clinic pharmacies operating under the name Shoppers Simply Pharmacy (Pharmaprix Simplement Santé in Québec) and eight luxury beauty destinations operating as Murale. As well, the Company also owns and operates 63 Shoppers Home Health Care stores, making it the largest Canadian retailer of home health care products and services. In addition to its retail store network, the Company owns Shoppers Drug Mart Specialty Health Network Inc., a provider of specialty drug distribution, pharmacy and comprehensive patient support services, and MediSystem Technologies Inc., a provider of pharmaceutical products and services to long-term care facilities in Ontario and Alberta.

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For further information: Media Contact: Lisa Gibson, Director, Communications & Corporate Affairs, [phone], or [email protected], [phone], ext. 5500; Investor Relations: [phone], ext. 5678, [email protected]