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Chromos enters into an Arrangement Agreement
Date:8/7/2008

ded support agreements with shareholders holding approximately 34.1% of the outstanding voting shares of Chromos, pursuant to which such shareholders have committed to support the Arrangement.

The Arrangement is subject to court, shareholder and customary regulatory approvals. It is expected that Chromos will hold a meeting of shareholders to consider the Arrangement on or about September 9, 2008, and if approved, that the Arrangement will be completed before the end of September 2008. It is expected that a management information circular relating to the Meeting, containing the terms of the Arrangement, will be mailed to Chromos' shareholders in the next few weeks.

Chromos also announced today that the TSX Venture Exchange has conditionally approved the listing of the common shares of Calyx, subject to the satisfaction of customary conditions. There can be no assurance that such shares will be listed on a stock exchange.

Forward-Looking Statements

Certain statements in this news release may contain "forward-looking statements" or "forward-looking information" within the meaning of applicable securities legislation Often, but not always, forward-looking statements or information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes" or variations of such words and phrases or words and phrases that state or indicate that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such forward-looking statements or information include, without limitation, statements or information about the timing and success of application to obtain approvals required with respect to the Arrangement, and the listing of the shares of Calyx Bio-Ventures Inc. With respect to forward-looking statements and information contained herein, we have made numer
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SOURCE Chromos Molecular Systems Inc.
Copyright©2008 PR Newswire.
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