Ontario Court of Justice Finds Howard Rash Guilty of Contravening the Securities Act

News Release
Ontario Securities Commission 20 Queen St. W. Box 55, Suite 1900 Toronto, ON M5H 3S8	Commission des valeurs mobilières de l'Ontario	FOR IMMEDIATE RELEASE August 21, 2008

TORONTO – On August 8, 2008, Justice Robert Bigelow of the Ontario Court of Justice found Mr. Howard Rash guilty of two offences under 122(1)(c) of the Securities Act (Ontario). Mr. Rash pleaded guilty to trading in securities contrary to the registration requirement and an illegal distribution of securities.

During 2002 and 2003, Mr. Rash was a supervisor of a sales office in Toronto, Ontario that sold securities in Discovery Biotech Inc. Mr. Rash admitted that he wrongly relied upon the exemption provided in OSC Rule 45-501 in supervising the sale of Discovery securities by those under his direction and control.

Mr. Rash received a suspended sentence and a two-year term of probation. Under the terms of his probation order, Mr. Rash is banned from working in the securities industry in Ontario during the period of his probation. Under a separate order of the Ontario Securities Commission dated July 12, 2007, Howard Rash has been cease-traded permanently in the province of Ontario.

Requests for copies of the transcript and exhibits may be made to the Ontario Court of Justice.

For Media Inquiries:	Wendy Dey Director, Communications & Public Affairs 416-593-8120 Laurie Gillett Manager, Public Affairs 416-595-8913 Carolyn Shaw-Rimmington Assistant Manager, Public Affairs 416-593-2361
For Investor Inquiries:	OSC Contact Centre 416-593-8314 1-877-785-1555 (Toll Free)