Microbix Extends Expiry Date of Share Purchase Warrants

    TORONTO, Oct. 15 /CNW/ - Microbix Biosystems Inc. (TSX:MBX) Microbix
announces it has agreed to extend the expiry date of 750,000 share purchase
warrants (the "Warrants") which were issued in connection with Microbix's
April, 2007 private placement.
    Each Warrant entitles the holder to purchase one common share of Microbix
at a price of $0.90 until October 20, 2008. Microbix has applied to the TSX to
extend the expiry date of the 750,000 Warrants until April 20, 2010. The
exercise price of the Warrants remains unchanged at $0.90 per share.
    The holder of the Warrants is at arm's length to Microbix. The extension
of the expiry date of the Warrants is subject to TSX approval.
    Microbix specializes in developing proprietary biological technologies
and commercializing them through global partners. Established in 1988,
Microbix is headquartered in Toronto.

    This press release contains forward-looking statements, which are subject
to risks and uncertainties that could cause actual results to differ
materially from those set forth in the forward-looking statements. These
forward-looking statements represent the Company's judgment as of the date of
this press release. The Company disclaims any intent or obligation to update
these forward-looking statements.

    %SEDAR: 00004220E

For further information:

For further information: visit www.microbix.com or contact: William J.
Gastle, CEO, Microbix Biosystems Inc., (416) 234-1624 x 230; James A. Long,
CFO, Microbix Biosystems Inc., (416) 234-1624 x 265

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Microbix Biosystems Inc.

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