Grant Life Sciences (''Grant'') Receives a Waiver from N.I.R. Group That Allows Grant to Pursue Alternate Financing

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Grant Life Sciences (OTC Bulletin Board: GLIF) announced today it has received a waiver from The N.I.R. Group, LLC ("N.I.R. Group"), a Roslyn, N.Y.-based hedge fund that allows Grant to pursue alternate financing to pay down, in whole or in part, an existing financing debt to N.I.R.

The Company has greatly appreciated NIR's support over the last two years and these important developments related to N.I.R. Group will allow Grant to further advance its serum-based test for cervical cancer in the largest market in the world, China

    "The Company has greatly appreciated NIR's support over the last two years and these important developments related to N.I.R. Group will allow Grant to further advance its serum-based test for cervical cancer in the largest market in the world, China," said Hun-Chi Lin, Ph.D., Grant's President and Chief Scientist.

About Grant Life Sciences Inc.

Grant Life Sciences Inc., a development stage company, engages in the research, development, marketing, and sale of diagnostic kits for the screening, monitoring, and diagnosis of diseases with emphasis on women's health, infectious diseases, and cancers.

Forward-Looking Safe Harbor Statement

With the exception of historical information, the matters discussed in this press release are "forward-looking statements" that involve a number of risks and uncertainties. The actual future results of Grant Life Sciences could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rates and unanticipated events such as terrorist activities, results of clinical trials, and market acceptance of the Company's products. In some cases, "forward-looking statements" can be identified by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," or other comparable terminology. Although Grant Life Sciences believes that the expectations reflected in the "forward-looking" statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such "forward-looking statements" will be achieved. Grant Life Sciences undertakes no duty to update any of the "forward-looking statements," whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such "forward-looking statements." For further risk factors associated with our Company, review our SEC filings.

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Dr. Hun-Chi Lin
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