Velan Announces Election of Directors

MONTRÉAL, July 12, 2019 /CNW Telbec/ - Velan Inc. (the "Corporation") (TSX: VLN) announced today that each director nominee listed in the Management Proxy Circular dated May 29, 2019 was elected as Director of the Corporation during the Annual Meeting of the Shareholders held on July 11, 2019 in Montreal, Québec.

The details of the election are as follows:

Director Nominee	Outcome	Votes for	% for	Votes withheld	% withheld
Tom Velan	elected	78,904,287	96.61%	2,772,683	3.39%
William Sheffield	elected	78,797,533	96.47%	2,879,437	3.53%
Jacques Latendresse	elected	78,800,233	96.48%	2,876,737	3.52%
Yves Leduc	elected	78,578,053	96.21%	3,098,917	3.79%
James A. Mannebach	elected	79,127,267	96.88%	2,549,703	3.12%
Robert Velan	elected	78,904,237	96.61%	2,772,733	3.39%
Dahra Granovsky	elected	79,125,717	96.88%	2,551,253	3.12%

Peter Velan was nominated but not elected.

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).

Web:  www.velan.com

SOURCE Velan Inc.

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