Medicago announces stock options grant to directors and employees



    QUEBEC CITY, March 11 /CNW/ - Medicago Inc. (TSX-V : MDG) (the
"Company"), today announced that pursuant to terms and conditions of the
Company's stock option plan, it has granted 180,000 stock options to employees
and directors. Employees were granted an aggregate of 30,000 options and
directors were granted an aggregate of 150,000 options. The stock options were
issued at an exercise price of $0.66 and expire in five years.

    About Medicago Inc.

    Medicago is committed to provide highly effective and affordable vaccines
based on proprietary Virus-Like Particle (VLP) and manufacturing technologies.
Medicago is developing VLP vaccines to protect against H5N1 pandemic
influenza, using a transient expression system which produces recombinant
vaccine antigens in non-transgenic plants. This technology has potential to
offer advantages of speed and cost over competitive technologies. It could
deliver a vaccine for testing in about a month after the identification and
reception of genetic sequences from a pandemic strain. This production time
frame has the potential to allow vaccination of the population before the
first wave of a pandemic strikes and to supply large volumes of vaccine
antigens to the world market.
    Additional information about Medicago is available at www.medicago.com

    Forward-Looking Statements

    This press release contains forward-looking statements which reflect the
Company's current expectations regarding future events. The forward-looking
statements involve risks and uncertainties. Actual results could differ
materially from those projected herein. The Company disclaims any obligation
to update these forward-looking statements.

    The TSX Venture Exchange assumes no responsibility for the content or
    accuracy of this press release

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For further information:

For further information: Medicago Inc., Andy Sheldon, President and CEO,
(418) 658-9393; The Equicom Group Inc., Arianna Vanin, Investor Relations,
(514) 844-4680, avanin@equicomgroup.com

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Medicago Inc.

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