Lorus receives notification from AMEX of non-compliance with certain listing standards



    TORONTO, Feb. 19 /CNW/ - Lorus Therapeutics Inc. ("Lorus" or the
"Company"), received notice from the American Stock Exchange ("AMEX or
"Exchange") dated February 13, 2008 indicating that the Company need to comply
with the $6 million stockholder's equity threshold required for continued
listing under AMEX Company Guide Sec. 1003(a)(iii).
    This notification was triggered by the decline of Lorus' market
capitalization to less than $50 million, which previously exempted Lorus from
meeting the minimum stockholder's equity requirement. Pursuant to the letter,
Lorus will be required to submit to AMEX by March 13, 2008 for its review and
acceptance, a plan to bring the Company into compliance with the aforesaid
stockholder's equity requirements within an eighteen-month period. Lorus
expects to submit a plan in which it will advise AMEX of action it has taken,
or will take, that would bring it into compliance with continued listing
standards.
    The Company anticipates that execution of its current business plan would
improve the stock price and raise Lorus' average market capitalization above
$50 million for a sustained period of time, thus bringing the Company into
compliance.

    About Lorus

    Lorus is a biopharmaceutical company focused on the research and
development of novel therapeutics in cancer. Lorus' goal is to capitalize on
its research, preclinical, clinical and regulatory expertise by developing new
drug candidates that can be used, either alone, or in combination with other
drugs, to successfully manage cancer. Through its own discovery efforts and an
acquisition and in-licensing program, Lorus is building a portfolio of
promising anticancer drugs. Lorus has completed one Phase II and one Phase III
clinical trial. Lorus Therapeutics Inc. is listed on the Toronto Stock
Exchange under the symbol LOR, and on the American Stock Exchange under the
symbol LRP.

    Forward looking statements

    This press release contains forward-looking statements within the meaning
of Canadian and U.S. securities laws. Such statements include, but are not
limited to, statements relating to: financings and corporate reorganizations,
the establishment of corporate alliances, the Company's plans, objectives,
expectations and intentions and other statements including words such as
"continue", "expect", "intend", "will", "should", "would", "may", and other
similar expressions. Such statements reflect our current views with respect to
future events and are subject to risks and uncertainties and are necessarily
based upon a number of estimates and assumptions that, while considered
reasonable by us are inherently subject to significant business, economic,
competitive, political and social uncertainties and contingencies. Many
factors could cause our actual results, performance, achievements or the
transactions described in this press release to be materially different from
any future results, performance, achievements or transactions described in
this press release, if at all, that may be expressed or implied by such
forward-looking statements, including, among others: the progress of
negotiations; our ability to obtain regulatory, security holder and other
approvals; our ability to obtain the capital required for research and
operations; the inherent risks in early stage drug development including
demonstrating efficacy; development time/cost and the regulatory approval
process; the progress of our clinical trials; our ability to find and enter
into agreements with potential partners; our ability to attract and retain key
personnel; changing market conditions; and other risks detailed from
time-to-time in our ongoing quarterly filings, annual information forms,
annual reports and annual filings with Canadian securities regulators and the
United States Securities and Exchange Commission.
    Should one or more of these risks or uncertainties materialize, or should
the assumptions set out in the section entitled "Risk Factors" in our filings
with Canadian securities regulators and the United States Securities and
Exchange Commission underlying those forward-looking statements prove
incorrect, actual results may vary materially from those described herein.
These forward-looking statements are made as of the date of this press release
and we do not intend, and do not assume any obligation, to update these
forward-looking statements, except as required by law. We cannot assure you
that such statements will prove to be accurate as actual results and future
events could differ materially from those anticipated in such statements.
Investors are cautioned that forward-looking statements are not guarantees of
future performance and accordingly investors are cautioned not to put undue
reliance on forward-looking statements due to the inherent uncertainty
therein.

    Lorus Therapeutics' recent press releases are available through the
Company's website at www.lorusthera.com. For Lorus' regulatory filings on
SEDAR, please go to Sedar.com. For SEDAR filings prior to July 10, 2007 you
will find these under the company profile for 4325231 Canada Inc.

    %SEDAR: 00025614EF          %CIK: 0000882361




For further information:

For further information: Lorus Therapeutics Inc., Peter Korth, (416)
798-1200 ext. 325, ir@lorusthera.com

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