Velan announces election of directors

MONTRÉAL, July 19, 2018 /CNW Telbec/ - Velan Inc. (the "Corporation") (TSX: VLN) announced today that each director nominee listed in the Management Proxy Circular dated May 24, 2018 was elected as Director of the Corporation during the Annual Meeting of the Shareholders held on July 12, 2018 in Montreal, Québec.

The details of the election are as follows:

Director Nominee	Outcome	Votes for	% for	Votes withheld	% withheld
Tom Velan	elected	80,968, 557	98.79	988,322	1.21
William Sheffield	elected	80,676,678	98.44	1,280,201	1.56
Cheryl Hooper	elected	80,677,678	98.44	1,279,201	1.56
Jacques Latendresse	elected	80,676,678	98.44	1,280,201	1.56
Robert Velan	elected	80,968,057	98.79	988,822	1.21
Yves Leduc	elected	81,573,057	99.53	383,822	0.47
James A. Mannebach	elected	80,998,978	98.83	957,901	1.17

Peter Velan did not stand for re-election.

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.

Yves Leduc, President and Chief Executive Officer or John D. Ball, Chief Financial Officer, Tel: [phone], Fax: [phone], Web: www.velan.com