Kane Biotech Signs Option Agreement With Global Health Care Company

WINNIPEG, MANITOBA--(Marketwired - Dec. 17, 2013) - Kane Biotech Inc. (TSX VENTURE:KNE), a biotechnology company engaged in the development and commercialization of products that prevent and remove microbial biofilms, today announces the Company has entered into an option agreement with a Global Health Care Company who has been assessing some of Kane Biotech's antibiofilm and antimicrobial technologies for use in the animal heath market.

Under the terms of the agreement, the Health Care Company will now complete their due diligence surrounding Kane's technology with an option to obtain an exclusive, worldwide license to develop, commercialize and market certain oral care and wound care technologies in the global animal health market.

"Our strategy is to license our technology to industry leaders and we are pleased with this development in the animal health market," commented Gord Froehlich, President and CEO of Kane Biotech. "This is an excellent strategic fit and we are very excited to establish a strong collaboration between our organizations in providing innovative biofilm solutions to the animal health market worldwide."

Details of the agreement are confidential.

About Kane Biotech Inc.

Kane Biotech is a biotechnology company engaged in the development and commercialization of products that prevent and remove biofilms. Biofilms develop when bacteria and other microorganisms form a protective matrix that acts as a shield against attack. When in a biofilm, bacteria become highly resistant to antibiotics, biocides, disinfectants, high temperatures and host immune responses. This resiliency contributes to human health problems such as recurrent urinary tract infections, medical device associated infections and tooth decay.

Kane Biotech uses patent protected technologies based on molecular mechanisms of biofilm formation/dispersal and methods for finding compounds that inhibit or disrupt biofilms. The Company has evidence that these technologies have potential to significantly improve the ability to prevent and/or destroy biofilms in several medical and industrial applications.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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StrixNB™, DispersinB® and Aledex® are registered trademarks of Kane Biotech Inc. All Rights Reserved 2013