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Oncolytics Biotech(R) Inc. Announces Details of 2010 Annual Shareholder Meeting
Date:5/7/2010

CALGARY, May 7 /PRNewswire-FirstCall/ - Oncolytics Biotech Inc. (TSX: ONC, NASDAQ: ONCY) announced today that its 2010 Annual and Special Meeting of the Shareholders will be held on Tuesday, May 11, 2010 at 4:30 p.m. Eastern Time at the Hilton Toronto Hotel, 145 Richmond Street West, Toronto, Ontario.

Following the business portion of the meeting, Dr. Brad Thompson, President and CEO of Oncolytics, will discuss recent progress in the development of REOLYSIN(R) as a potential cancer therapeutic.

A live audio webcast of the presentation will begin at approximately 4:45 p.m. Eastern Time at: http://w.on24.com/r.htm?e=210026&s=1&k=0E3E620947E2A448E7DDBF05CB0B0C20 or on the company's website at www.oncolyticsbiotech.com. It is recommended that listeners log on 15 minutes in advance of the presentation to register and download any necessary software.

An audio replay will be accessible following the presentation at

SOURCE Oncolytics Biotech Inc.
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