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CellCyte Genetics Corporation: Seattle Times Erroneously Reports That CellCyte 'Closes'
Date:12/29/2008

ent of Veterans Affairs (VA) failed to demonstrate the claims by the VA that the stem cells injected after CCG-TH30 or CCG-TH35 localized in the desired target organ. As a result, CellCyte expects that it will need to complete potentially significant amounts of additional research to confirm if such claims can be upheld. CellCyte licensed the technology from the VA in 2005. CellCyte plans to pursue industry partners to collaboratively assist in executing some or all of the additional research. CellCyte will announce more information as the negotiations of each of these collaborations are completed.

About CellCyte Genetics

CellCyte Genetics is a biotechnology company with two business segments: a device division and the development of therapeutic products. The Company's device division is focused on technology for the efficient and cost-effective expansion and maintenance of different cell types for research as well as clinical applications. The therapeutics division is engaged in the discovery, development and commercialization of stem cell enabling therapeutic products to allow more efficient delivery of adult stem cells to diseased organs, such as the heart after a heart attack. The goal of these therapies is to increase the number of stem cells delivered to a damaged organ, which is expected to markedly increase organ healing and functional restoration.

For further information see: www.cellcyte.com.

Symbol: OTCBB - CCYG; Frankfurt/Berlin Symbol - LK6 WKN. No.: A0MLCV.

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THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS", AS THAT TERM IS DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND INC
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