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Neuralstem Inc. Announces Strategic Investment by Korean CJ CheilJedang Corporation
Date:2/20/2008

CJ Acquires Cur Stock for Rights to Spinal Cells in Future

ROCKVILLE, Md., Feb. 20 /PRNewswire-FirstCall/ -- Stem cell company, Neuralstem, Inc. (Amex: CUR), announces that Korean conglomerate, CJ CheilJedang Corporation (KSE: CJ CheilJedang) has purchased an option to negotiate for the exclusive license to Neuralstem's stem cell-products and technology after the company completes a successful human clinical trial. As part of the agreement, CJ has purchased $2.5 million worth of Neuralstem stock at $4.063 per share. The terms of the license will be negotiated after the first successful human trial. CJ exclusive markets will include: Korea, Indonesia, Philippines, Malaysia, Singapore and Vietnam, with a first right of negotiation for China and Japan. Neuralstem is planning to begin human clinical trials this year with its stem cell products.

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"That CJ CheilJedang Corporation, one of Korea's largest conglomerates, with a dominant position in key Asian markets, is acting now to secure future rights to our cells, confirms Neuralstem's leadership position as the stem cell industry matures from research to products in the foreseeable future," said Neuralstem CEO, Richard Garr. "We look forward to benefiting from CJ's superior knowledge of the regulatory pathways in their various markets, which they will share with us as part of this agreement, and to generally expanding the Neuralstem presence overseas through other such agreements."

ABOUT CJ CHEILJEDANG CORPORATION

CJ CheilJedang Corporation is a subsidiary company of CJ Group whose core businesses consists
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SOURCE Neuralstem, Inc.
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