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Released April 27, 2004

THE UNIVERSITY OF SOUTHERN MISSISSIPPI AND TOXIN ALERT INC. SIGN AN AGREEMENT
FOR THE DEVELOPMENT OF PILOT PLANT AND LARGE-SCALE MANUFACTURING METHODS
FOR TOXIN GUARD™ AND RELATED PRODUCTS

FOR FURTHER INFORMATION, PLEASE CONTACT:
April 27, 2004
Dr. T. Edward Petroff
Exec. Vice President
Toxin Alert Inc.
Tel: 416-213-0990

Toronto, April 26, 2004- The University of Southern Mississippi and Toxin Alert Inc. (TOX-V and TOXAF-OTC), announced today they have signed an agreement for the development of Pilot Plant and Large-scale manufacturing methods for Toxin Guard™ and related products. The five-year agreement will seek out US $ 3.0 million annually in US Federal funding for research carried out between Toxin Alert and The University of Southern Mississippi in Hattiesburg, MS. Toxin Alert's Toxin Guard™ is a polymer film based product designed to detect the presence of food-borne pathogens such as Listeria and E.coli in food as well as other applications.

Dr. Edward Petroff, Exec. Vice President of Toxin Alert Inc., said "It is always our strategy to partner with premier research institutions and this agreement gives us the opportunity to work with one of the finest polymer science research facilities in the United States. We are thrilled to be associated with The University of Southern Mississippi."

"We are very pleased to be working with Toxin Alert Inc.," said Dr Shelby Thames, President of The University of Southern Mississippi and founder of the polymer science program at the university. "This cutting-edge research has endless applications that help provide health safety for people. It is exciting to see our research developed into practical application. We look forward to growing our partnership with Toxin Alert as we work together."

Toxin Alert plans to include The University of Southern Mississippi along with Mississippi State University in a development program with the U.S. Armed Forces to produce Toxin Guard™ products for their use.

About The University of Southern Mississippi
The University of Southern Mississippi is a Carnegie research extensive university with a student body of more than 15,000. With two campuses and five teaching and research sites across south Mississippi as well as in France, Mexico, England, and Spain, The University of Southern Mississippi serves the state, the Southeastern U.S. region, and the entire nation. The university is nationally recognized for its programs in polymer science, marine science, education, psychology, international studies, arts, hydrography and economic development. For more information, please visit www.usm.edu.

About Toxin Alert
Toxin Alert is a biotechnology company dedicated to bringing its Toxin Guard™ technology to market. Toxin Guard™ is a patented system of placing antibody-based tests on polymer packaging films to detect pathogens or other selected micro organisms. The company aims to leverage its patented technology into a commercialized food safety product. Through existing partnerships the University of Guelph and the Ontario government, Toxin Alert is refining its technology for use as a diagnostic medium. The technology has numerous potential applications in several other fields. For more information, please visit www.toxinalert.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this statement.

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URL for this page is http://www.usm.edu/pr/prnewsapr04/toxinalert.htm
April 30, 2004 12:34 PM

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