Lattice Biologics Ltd V.LBL.H

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Lattice Biologics Eliminates CAN$838,000 in Debt BELGRADE, Mont. Lattice Biologics Ltd. (TSX-V: LBL) (OTCBB: LBLTF) (Lattice Biologics or the Company) is pleased to announce that it has obtained TSX-V approval to issue 16,760,000 common shares of the Company to settle outstanding debt. Can$838,000 in debt held by Guy Cook has been converted to equity at a price of Can$0.05 per share and the debt has been extinguished. The common shares are subject to a four-month hold period. The conversion of debt to equity was previously approved by shareholders. Following completion of the conversion of debt to equity Mr. Cook now holds direct ownership and control over 27,393,705 Common Shares representing 32.38% of the Companys issued and outstanding Common Shares, and 18,480,141 non-voting restricted shares (Restricted Shares) representing 72% of the Companys issued and outstanding Restricted Shares.