RE: ?Thu 1 Feb 2001 News Release
Peter Allard has acquired, as the result of normal course
purchases through the facilities of the Canadian Venture
Exchange, beneficial ownership of, or the power to exercise
control or direction over, an additional 271,500 common shares
of ICT Pharma Inc. As a result of the acquisition, Mr. Allard, as of
Feb. 01, 2001, had direct or indirect beneficial ownership over
2,962,570 common shares of the company, representing
approximately 26.3 per cent of the issued and outstanding
share capital as at such date.
Mr. Allard purchased the securities for investment purposes. Mr.
Allard may acquire additional securities or dispose of his
existing securities on the basis of his assessment of market
conditions and in compliance with applicable securities
regulatory requirements.