Shoppers Drug Mart/Pharmaprix to Open 10 New Drug Stores this Weekend

    TORONTO, Jan. 11 /CNW/ - Shoppers Drug Mart and Pharmaprix today
announced that they are opening 10 new drug stores this weekend, five of which
are relocations. The new stores are located in the following municipalities:

    -   Squamish, British Columbia
    -   Winkler, Manitoba
    -   Timmins, Ontario
    -   Huntsville, Ontario (with Beauty Boutique)
    -   Gravenhurst, Ontario
    -   Port Elgin, Ontario
    -   St. Catharines, Ontario
    -   Oshawa, Ontario
    -   St-Jerome, Québec (with Beauty Boutique)
    -   Loretteville, Québec (with Beauty Boutique)

    In announcing these new store openings, Jurgen Schreiber, President and
Chief Executive Officer stated, "Our capital investment and store development
program is off to a great start this year. Top-line growth, underpinned by
retail development, remains a significant opportunity for our business and
accordingly, continues to be one of our top priorities for 2008."

    Shoppers Drug Mart Corporation is one of the most recognized and trusted
names in Canadian retailing. The Company is the licensor of full-service
retail drug stores operating under the name Shoppers Drug Mart (Pharmaprix in
Québec). With more than 1,050 Shoppers Drug Mart and Pharmaprix stores
operating in prime locations in each province and two territories, the Company
is one of the most convenient retailers in Canada. The Company also owns and
operates 64 Shoppers Home Health Care stores, making it the largest Canadian
retailer of home health care products and services. In addition to its retail
store network, the Company also owns MediSystem Technologies Inc., a provider
of pharmaceutical products and services to long-term care facilities in
Ontario and Alberta.

    %SEDAR: 00016987E

For further information:

For further information: Media Contact: (416) 493-1220, ext. 5500,

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