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    Press Release - October 15, 2001

    Pheromone Sciences Corp. Receives European Regulatory Approval


    CE Mark provides gateway to European Marketplace for PSC Fertility Monitor�¢ï¿½�¢

    Pheromone Sciences Corp (CDNX:PHS), today announced that it has received CE mark regulatory approval for its PSC Fertility Monitor�¢ï¿½�¢. The CE Mark provides a regulatory gateway to the European marketplace thereby allowing the Company to proceed to attract licensees for marketing and distribution rights to the device in the various member countries of the European Community. It enables the Company to market the PSC Fertility Monitor�¢ï¿½�¢ without having to undergo country specific registration.

    "We are excited about this as it represents an important step in the Company's product development plans" said Christopher Neuman, President & CEO of Pheromone. "With this approval, our potential market has been broadened which no doubt will lead to increased revenue."

    As part of its strategy to make the PSC Fertility Monitor�¢ï¿½�¢ available to women who would value the convenience of use and advance notice of their peak fertility and ovulation days, the company had conducted the prerequisite testing required to file for the CE mark as a first step in bringing the PSC Fertility Monitor to the European Market.

    The PSC Fertility Monitor�¢ï¿½�¢ offers a new user- friendly option in family planning. This product, which is housed in a modern styled wristwatch like device with an LCD readout, is worn at night during sleeping hours. The PSC Fertility Monitor�¢ï¿½�¢ is a proprietary, non- invasive device which predicts ovulation by measuring ion changes on the surface of the skin. The device incorporates an interactive microprocessor combined with a biosensor enabling it to take up to 12 daily measurements from the skin surface and to evaluate the data in order to predict the status of the user, with 4 days advance notice, as being not-fertile, fertile or ovulating. Results can be viewed at any time on the LCD screen of the device or as a computer- generated graphical printout for medical professionals.

    "This is a great opportunity. We are currently in discussions with several companies about licenses. These companies are well established firms that have the knowledge and understanding of the European Market that will help us market and distribute the PSC Fertility Monitor�¢ï¿½�¢ widely in this new area" said Neuman.

    Pheromone Sciences Corp. is a biotechnology and medical diagnostics device research and development company that focuses on commercializing technologies in the field of human reproduction and sexuality.

    Statements contained in this press release, including those pertaining to scientific and clinical research, commercialization plans, strategic alliances, and intellectual property protection, other than statements of historical fact, are forward-looking statements subject to a number of uncertainties that could cause actual results to differ materially from statements made. The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the contents of this news release.

    INVESTOR CONTACT

    Lorne Woods 1(800) 937-3095 investor@pheromonesciences.com http://www.pheromonesciences.com

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