Velan Announces Election of Directors

MONTRÉAL, July 10, 2020 /CNW Telbec/ - Velan Inc. (the "Corporation") (TSX: VLN) announced today that each director nominee listed in the Management Proxy Circular dated May 23, 2020 was elected as Director of the Corporation during the Annual Meeting of the Shareholders held on July 9, 2020 in Montréal, Québec.

The details of the election are as follows:

Director Nominee	Outcome	Votes for	% for	Votes withheld	% withheld
Tom Velan	elected	78,755,672	97.61%	1,928,320	2.39%
Yves Leduc	elected	80,271,275	99.49%	412,717	0.51%
William Sheffield	elected	78,937,758	97.84%	1,746,234	2.16%
Dahra Granovsky	elected	79,298,092	98.28%	1,385,900	1.72%
James A. Mannebach	elected	79,267,492	98.24%	1,416,500	1.76%
Jacques Latendresse	elected	78,940,258	97.84%	1,743,734	2.16%
Robert Velan	elected	78,760,706	97.62%	1,923,286	2.38%
Ivan Velan	elected	78,747,395	97.60%	1,936,597	2.40%

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.

please contact Yves Leduc, President and Chief Executive Officer or John D. Ball, Executive Vice-President Global Finance, Tel: [phone], Fax: [phone], Web: www.velan.com