Theralase Grants New Director Stock Options



    TORONTO, July 7 /CNW/ - Theralase Technologies Inc. (TSX-V: TLT)
announced on June 26, 2008 that Frank Ricciuti had been appointed to the
Company's Board of Directors. Associated with this appointment, Mr. Ricciuti
will be granted 100,000 Theralase Technologies Inc. incentive stock options,
exercisable for 5 years, vesting over 3 years at a strike price of $0.21.

    Theralase Technologies Inc. designs, develops and manufactures patented,
super-pulsed laser technology used in a wide range of bio-stimulation and
bio-destruction clinical applications. The Theralase technology platform
targets several diverse healthcare sectors: firstly, for non-invasive pain
management and clinical therapy, in hundreds of neural muscular skeletal
conditions, including arthritis; secondly, to bio-stimulate and accelerate
wound care and healing, including bone fracture regeneration; and thirdly,
combining photodynamic compounds with super-pulsed, biofeedback laser
technology to attack specifically targeted cancer, bacteria, viruses and fat
cells.

    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 has not reviewed and does not accept
    responsibility for the adequacy or accuracy of the contents of this
    release.





For further information:

For further information: Roger White, President & CEO, Toll Free:
1-866-THE-LASE (843-5273), Phone: (416) 447-8455, e-mail:
rwhite@theralase.com; Vanessa Beresford, The Equicom Group, Phone: (416)
815-0700 ext 227, e-mail: vberesford@equicomgroup.com

Organization Profile

THERALASE TECHNOLOGIES INC.

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