VELAN ANNOUNCES ELECTION OF DIRECTORS

Canada NewsWire

MONTRÉAL, July 10, 2025

MONTRÉAL , July 10, 2025 /CNW/ - Velan Inc. (the " Corporation ") (TSX: VLN) announced today that each director nominee listed in the Management Proxy Circular dated May 21, 2025 , was elected as Director of the Corporation during the Annual Meeting of the Shareholders held on July 10, 2025 , in Montréal, Québec.

The details of the election are as follows:

Director Nominee

Outcome

Votes for

% for

Votes against

% against

James A. Mannebach

elected

80,170,635

98.99 %

814,792

1.01 %

Suzanne Blanchet

elected

80,978,815

99.99 %

6,612

0.01 %

Daniel Desjardins

elected

80,978,815

99.99 %

6,612

0.01 %

Edward Kernaghan

elected

80,431,967

99.32 %

553,460

0.68 %

Ivan Velan

elected

80,170,680

98.99 %

814,747

1.01 %

Peter Velan

elected

80,170,780

98.99 %

814,647

1.01 %

Robert Velan

elected

80,170,680

98.99 %

814,747

1.01 %

Tom Velan

elected

80,170,680

98.99 %

814,747

1.01 %

The results of the final votes regarding all matters subject to a vote during the Annual Meeting will be made available under the Corporation's profile on SEDAR+ ( www.sedarplus.ca/) .

SOURCE Velan Inc.

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