News Releases

Protox Therapeutics to Present at BioFinance 2006 Conference

Monday, May 1, 2006 - Vancouver, British Columbia - Protox Therapeutics Inc. (TSX-V: PRX) announced today that Dr. Fahar Merchant, Protox’s Chief Executive Officer, will present at the BioFinance 2006 investor conference to be held May 2 - 4, 2006 at the Toronto Marriot Downtown Eaton Centre in Ontario.

Now in its fifth year, BioFinance is the Canadian Life Science industry’s leading investor conference for senior executives from public and private life science companies to present their company’s technology and progress to institutional investors, analysts, investment bankers, fund managers, venture capitalists, angel investors and prospective corporate partners. Last year over 1,000 participants and 125 presenting companies made this one of Canada’s largest investor conferences.

Dr. Merchant’s presentation will take place on May 3, 2006 at 3:00p.m. EST in the Trinity III Room. For more information about the conference, visit the conference website at www.biofinance.ca/BioFinance.

About Protox Therapeutics:
Protox Therapeutics is a product-focused development-stage company and a leader in advancing novel, targeted protein toxin therapeutics for treatment of cancer and other diseases. Through the company’s PORxin™ technology platform, therapeutic candidates are generated by engineering the naturally occurring protein, pro-aerolysin. These proteins become potent anti-cancer agents when activated at a tumor site by specific proteases produced by cancer cells. Once activated, the drug punches holes in the cancer cells causing the contents to leak out and ultimately, cell death. Protox has received clearance from the FDA to commence Phase 1 clinical trials with the lead compound, PRX302, for the treatment of localized prostate cancer. PRX302 is also being developed for treatment of benign prostatic hyperplasia.

For more information, contact:
Elayne Wandler
Director, Investor Relations and Corporate Communications, Protox Therapeutics Inc.
Direct: 604-688-4369
Cell: 778-865-0172
Fax: 604-688-0173
ewandler@protoxtherapeutics.com