2009 Press Releases Communiqués de presse

November 10, 2009 10 November, 2009

Appointment Of Hans Mader To The Sernova Business Advisory Board

November 2, 2009 2 November, 2009

Sernova Closes First Tranche Of Private Placement And Announces Appointment Of Dr. Annemarie Moseley To Board Of Directors

October 20, 2009 20 October, 2009

Sernova's Cell Pouch System(tm) and Sertolin(tm) Preclinical Efficacy Presented at Leading International Islet Transplant Conference

October 7, 2009 7 October, 2009

Sernova Corp. Announces Private Placement - Company To Present At Biocontact Conference In Quebec City

September 30, 2009 30 September, 2009

Sernova To Present Research Results At Leading International Islet Transplant Conference

August 31, 2009 31 August, 2009

Notice of Allowance Issued for Key Patent for Sernova's Sertoli Cell Platform

August 6, 2009 6 August, 2009

Appointment of Dr. Annemarie Moseley to the Sernova Business Advisory Board

July 20, 2009 20 July, 2009

Sernova Announces Financial Contributions from the National Research Council to Support Development of Human Implantation Device

June 29, 2009 29 June, 2009

Appointment of Dr. Philip M. Toleikis to the Sernova Board of Directors

June 1, 2009 1 June, 2009

Closing Of $420,000 Private Placement

April 28, 2009 28 April, 2009

New Strategic Plan

January 21, 2009 21 January, 2009

Sernova Corp.: Resignation of Justin Leushner as President Board of Directors Initiates Internal Review

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Press Release Communiqué de presse - November 10, 2009 10 November, 2009

Appointment Of Hans Mader To The Sernova Business Advisory Board


Source: Sernova Corp.

Tuesday, November 10, 2009, 6:00 a.m. EDT

LONDON, ONTARIO--(Marketwire -- November 10, 2009) Sernova Corp. ("Sernova" or the "Company" or the "Corporation") (TSX VENTURE:SVA - News).

Dr. George Adams, Chairman of the Board of Directors is pleased to announce the appointment of Mr. Hans Mader to the Corporation's Business Advisory Board.

Dr. Adams stated, "The appointment of Mr. Mader represents continued success in our efforts to attract world-class talent to Sernova's advisory Board. His involvement will bring international recognition to Sernova's product development platform and support the evolution of the company's cell-therapy products into clinical development."

"I am pleased to welcome Mr. Mader to Sernova." said Dr. Philip Toleikis, President and CEO of Sernova. "His 31 years in the biopharmaceutical field brings a wealth of experience in operations, manufacturing, marketing, sales, fundraising and M&A which will be beneficial as we continue to implement Sernova's product and business development strategy."

During his distinguished career, Mr. Mader has held senior positions with major pharmaceutical companies including President and CEO of Sandoz/Novartis Pharmaceuticals, Inc. Canada and Head of Global Marketing Services, Novartis Pharmaceuticals, Inc. where he was responsible for implementing global marketing services and creation of global brand strategy for Novartis' multi-billion dollar product portfolio. Mr. Mader was instrumental in establishing the Cal Stiller- Novartis Research Chair in xenotransplantation at the University of Western Ontario during his tenure at Novartis. More recently, Mr. Mader served as President and CEO of Procyon Biopharma, Inc. where he successfully raised over $92M from major venture capital and investment funds, conducted the company's TSX listing and consummated several partnership and licensing transactions, and as President and CEO of Ambrilia Biopharma, Inc. where he made multiple acquisitions and completed a $230 million licensing agreement with Merck and Co.

About Sernova Sernova Corp. is a Canadian-based, health- sciences company focused on commercializing medical technologies. Sernova is currently developing a platform technology for a number of serious disease indications, starting with a novel treatment for insulin- dependent diabetes, using the novel Cell Pouch System(tm) and its patented Sertolin(tm) cell technology. According to the American Diabetes Association approximately 9 million Americans require insulin injections and it is the sixth leading cause of death in the United States. One out of every 8 dollars spent on health care in the United States is spent on treating diabetes and its complications. Worldwide expenditures on insulin alone are estimated to be $15 billion annually and growing.

For further information contact: Philip Toleikis, Ph.D., President and CEO Tel: (604) 961-2939 info@sernova.com www.sernova.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirement of such Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including availability of funds, the results of financing efforts, the results of research and product development activities -- that could cause actual results to differ materially from Sernova's expectations are disclosed in Sernova's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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Press Release Communiqué de presse - November 02, 2009 2 November, 2009

Sernova Closes First Tranche Of Private Placement And Announces Appointment Of Dr. Annemarie Moseley To Board Of Directors


Source: Sernova Corp

Monday, November 2, 2009, 6:00 a.m. EDT

LONDON, ONTARIO--(Marketwire - Nov. 2, 2009) - Sernova Corp. ("Sernova" or the "Company") (TSX VENTURE:SVA - News) announces that it has closed the first tranche of the non-brokered private placement announced October 7, 2009 on October 30, 2009. In this first tranche, the Company has raised gross proceeds of $365,000 through the issuance of 3,650,000 units. Each common share unit (the "Unit") consists of one common share (a "Share") and one share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one Share in Sernova for a period of two years from closing.

Proceeds of the offering will be used to fund product development activities related to Sernova's proprietary Cell Pouch System(TM). The Cell Pouch System(TM) is a chambered device which becomes a vascularised organ- like structure when placed in the body and provides the microcirculation essential to early function and long-term survival of cells and represents a potential revolutionary improvement over the current practise of injecting therapeutic cells into blood vessels. Sernova's first application of the Cell Pouch System(TM) is in insulin- dependent diabetes and is expected to reduce the blood- mediated inflammatory reaction (IBMIR) believed to rapidly destroy over 90% of implanted islets placed into the portal vein and eliminate islet-induced blood clotting and liver thrombosis which are drawbacks to the current standard of care.

The company also announced a change in appointment of Dr. Annemarie Moseley from the Business Advisory Board to the Board of Directors, and a change in appointment of Mr. Devindar Randhawa from the Board of Directors to the Business Advisory Board.

Dr. George Adams, Sernova's Chairman said, "Dr Moseley is a well-seasoned senior executive with extensive experience in cell-based product development, clinical and regulatory affairs as well as financing and partnering." He further stated, "Dev Randhawa has contributed to Sernova's overall development since joining the Board in March, 2005. We are pleased that he will continue to act in an advisory capacity as a member of Sernova's Business Advisory Board."

The appointment of Dr. Moseley is subject to regulatory approval.

Further to the Company's news release of October 7, 2009, the Non-Brokered Offering was re-priced from $0.15 per Unit to $0.10 per Unit, which resulted in an increase in offered Units from up to 6.6 million Units to up to 10 million Units, with each Unit consisting of one Share and one Warrant. The exercise price for each whole Warrant was re-priced from $0.25 to $0.20.

A total of $18,592 was paid to finders in connection with the Non-Brokered Offering in the amount of $9,600 to Canaccord Capital Corp. ("Canaccord") and $8,992 to Blackmont Capital Inc. ("Blackmont"). Each cash payment represents 8% of the total dollar value of Units subscribed for by investors introduced to the Company by Canaccord and Blackmont, respectively. The Company also paid for certain expenses of Canaccord in relation to the Non- Brokered Offering. All of the securities issued in connection with the private placement are subject to four month hold periods that expire on March 1, 2010.

About Sernova Sernova Corp. is a Canadian-based, health- sciences company focused on commercializing medical technologies. Sernova is currently developing a platform technology for a number of serious disease indications, starting with a novel treatment for insulin- dependent diabetes, using the novel Cell Pouch System(tm) and its patented Sertolin(tm) cell technology. According to the American Diabetes Association approximately 9 million Americans require insulin injections and it is the sixth leading cause of death in the United States. One out of every 8 dollars spent on health care in the United States is spent on treating diabetes and its complications. Worldwide expenditures on insulin alone are estimated to be $15 billion annually and growing.

For further information contact: Philip Toleikis, Ph.D., President and CEO Tel: (604) 961-2939 info@sernova.com www.sernova.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirement of such Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including availability of funds, the results of financing efforts, the results of research and product development activities -- that could cause actual results to differ materially from Sernova's expectations are disclosed in Sernova's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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Press Release Communiqué de presse - October 20, 2009 20 October, 2009

Sernova's Cell Pouch System(tm) and Sertolin(tm) Preclinical Efficacy Presented at Leading International Islet Transplant Conference


LONDON, ONTARIO--(Marketwire - Oct. 20, 2009) - Sernova Corp. (TSX VENTURE:SVA - News) is pleased to provide a summary of results of islet transplantation studies related to its Cell Pouch System(TM) and Sertolin(TM) technologies presented at the joint conference of the International Pancreas and Islet Transplant Association and the International Xenotransplantation Association held in Venice, Italy from October 12 - 16.

Sernova scientists presented seven abstracts, three of which were highlighted in oral presentations. These data serve to validate the efficacy of Sernova's prototype proprietary Cell Pouch System(TM) and Sertolin(TM) technologies in vivo.

The Cell Pouch System(TM) is a revolutionary improvement over the current practice of injecting cells into blood vessels. It is a chamber which becomes a vascularised organ-like structure when placed in the body and provides the microcirculation essential to early function and long-term survival of cells. The first application is diabetes where the Cell Pouch System(TM) for islet transplantation is expected to prevent the instant blood-mediated inflammatory reaction (IBMIR) believed to rapidly destroy over 90% of implanted islets placed into the portal vein and eliminate islet-induced blood clotting and liver thrombosis. Overall the data presented provide in vivo validation of Sernova's Cell Pouch System(TM) for cell transplantation and has aided in the design and manufacture of a human-scaled device which is currently being tested in a large animal model of diabetes. The National Research Council of Canada is providing Sernova with a financial contribution of up to $486,000 to support these studies.

The Company's Sertolin(TM) technology is a novel combination therapy using Sertoli cells to provide an immune-protected environment for cell transplant which may reduce or eliminate the need for immunosuppressant agents. The company reported that without immunosuppressive drugs, diabetic rats transplanted with porcine islets showed a strong IgG-mediated rejection of islets which were completely destroyed by the 14 day evaluation time point. To eliminate or reduce the dose of toxic immunosuppressant agents, porcine Sertoli cells known to naturally protect sperm cells from immune attack were co-transplanted with porcine islets into the kidney capsule. It was shown that the co-transplant using Sertoli cells from sexually mature porcine and porcine islets significantly inhibited the IgG immune response with islets showing long-term robust production of insulin at 70 and 180 days post-implantation. The improvement was attributed in part to a 12-15 fold increase in Fas- L which is thought to protect the islets long-term against lymphocyte invasion.

In vivo studies using the prototype Cell Pouch System(TM) device in combination with Sertolin(TM) technology demonstrated that the device becomes incorporated with a collagen matrix when placed under the skin or the omentum of rats and becomes well-vascularised as assessed by microvessel staining, thus validating several key features of the device. In addition, following cell transplantation, diabetic animals rapidly achieved normoglycemia within two weeks, which was maintained for the duration of the study - over 100 days. These results demonstrate that Sernova's Cell Pouch System(TM) and Sertolin(TM) technologies meet the criteria for long-term protection of islets in this immune- competent animal model of diabetes.

About Sernova

Sernova Corp. is a Canadian-based, health- sciences company focused on commercializing medical technologies. Sernova is currently developing a platform technology for a number of serious disease indications, starting with a novel treatment for insulin- dependent diabetes, using the novel Cell Pouch System(TM) and its patented Sertolin(TM) cell technology. According to the American Diabetes Association approximately 9 million Americans require insulin injections and it is the sixth leading cause of death in the United States. One out of every 8 dollars spent on health care in the United States is spent on treating diabetes and its complications. Worldwide expenditures on insulin alone are estimated to be $15 billion annually and growing.

Contact:

Philip Toleikis, Ph.D. Sernova Corp. President and CEO (604) 961-2939 info@sernova.com www.sernova.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirement of such Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including availability of funds, the results of financing efforts, the results of research and product development activities -- that could cause actual results to differ materially from Sernova's expectations are disclosed in Sernova's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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Press Release Communiqué de presse - October 07, 2009 7 October, 2009

Sernova Corp. Announces Private Placement - Company To Present At Biocontact Conference In Quebec City


London, Ontario - October 7th, 2009 - Sernova Corp. (TSX-V: SVA) today announced that it is undertaking a non-brokered private placement offering of up to 6.6 million Units at a price of $0.15 per Unit for gross proceeds of up to $1,000,000.

The Company also announced that Dr. Philip Toleikis, Sernova's President and CEO, will present a company overview at BioContact Quebec, Canada's premiere biopharmaceutical investment and partnering symposium, in Quebec City on Thursday, October 8th.

Each Unit offered in the private placement shall consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one common share at the price of $0.25 for a period of two years. A finder's fee will be payable of up to 8% of the Units placed, payable in cash or in Units at the option of the finder. Sernova intends to use the proceeds of the private placement for product development activities and for general working capital. Closing is subject to acceptance for filing by the TSX Venture Exchange.

Dr. Philip Toleikis, President and CEO stated: "This financing will provide the capital for Sernova to continue to aggressively move our product development programs forward, including the validation and optimization of our novel Cell Pouch System(tm) device for cell transplantation."

The Cell Pouch System(tm) is a proprietary device which has been developed for human use and is a key component of Sernova's platform technology. The Cell Pouch System(tm) will be used initially for treatment of insulin-dependent diabetes and has the potential for use in additional cell transplantation therapies including haemophilia, spinal cord injury, Parkinson's disease and other chronic debilitating diseases.

About Sernova Sernova Corp. is a Canadian-based, health- sciences company focused on commercializing medical technologies. Sernova is currently developing a platform technology for a number of serious disease indications, starting with a novel treatment for insulin- dependent diabetes, using the novel Cell Pouch System(tm) and its patented Sertolin(tm) cell technology. According to the American Diabetes Association approximately 9 million Americans require insulin injections and it is the sixth leading cause of death in the United States. One out of every 8 dollars spent on health care in the United States is spent on treating diabetes and its complications. Worldwide expenditures on insulin alone are estimated to be $15 billion annually and growing.

For further information contact: Philip Toleikis, Ph.D., President and CEO Tel: (604) 961-2939 info@sernova.com; www.sernova.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirement of such Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including availability of funds, the results of financing efforts, the results of research and product development activities - that could cause actual results to differ materially from Sernova's expectations are disclosed in Sernova's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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Press Release Communiqué de presse - September 30, 2009 30 September, 2009

Sernova To Present Research Results At Leading International Islet Transplant Conference


London, Ontario - September 30, 2009 - Sernova Corp. (TSX-V: SVA) is pleased to announce that the company has accepted an invitation to present scientific results from its islet transplantation studies using its Cell Pouch SystemTM at a joint conference of the International Pancreas and Islet Transplant Association and the International Xenotransplantation Association to be held in Venice, Italy from October 12 - 16.

Dr. David White, Chairman of Sernova's Scientific Advisory Board, said "We are very pleased to receive the recognition afforded by this important invitation to present our research to the international scientific community. This international conference is an excellent opportunity to explain the virtues of the Sernova Cell Pouch SystemTM, which provides a biocompatible chamber which eliminates many of the current issues with the standard of treatment related to injection of cells into the body"

The conference will bring together the most eminent scientists and clinicians in the cell transplantation field from around the world. Sernova will be presenting seven abstracts, three of which will be highlighted in podium presentations, creating an excellent venue to discuss the novel and important aspects of Sernova's revolutionary approach to cellular therapies, such as islet cell transplantation for diabetes.

Sernova will provide additional information on presentation times as well as study results as the conference proceeds.

About Sernova Sernova Corp. is a Canadian-based, health- sciences company focused on commercializing medical technologies. Sernova is currently developing a platform technology for a number of serious disease indications, starting with a novel treatment for insulin- dependent diabetes, using the novel Cell Pouch SystemTM and its patented SertolinTM cell technology. According to the American Diabetes Association approximately 9 million Americans require insulin injections and it is the sixth leading cause of death in the United States. One out of every 8 dollars spent on health care in the United States is spent on treating diabetes and its complications. Worldwide expenditures on insulin alone are estimated to be $15 billion annually and growing.

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

For further information contact: Philip Toleikis, Ph.D., President and CEO Tel: (604) 961-2939; email: info@sernova.com; website: www.sernova.com

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

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Press Release Communiqué de presse - August 31, 2009 31 August, 2009

Notice of Allowance Issued for Key Patent for Sernova's Sertoli Cell Platform


London, Ontario -- August 31, 2009 - Sernova Corp. (TSX-V: SVA) today announced that the Canadian Patent Office has issued a Notice of Allowance for a key patent related to its genetically modified sertoli cell platform. International patents are still pending.

The Patent, entitled "Production of a Biological Factor and Creation of an Immunologically Privileged Environment Using Genetically Altered Sertoli Cells", claims the use of Sertoli cells that have been genetically modified to produce biological factors important in the prevention and treatment of a wide range of diseases. The Notice of Allowance was issued July 13th, 2009 to Sertoli Technologies, Inc., the exclusive licensor to Sernova Corp.

"This patent adds to our extensive portfolio of over 20 issued and pending patents" said Dr. Philip Toleikis, Sernova's President and CEO. "The broad claims in this patent position Sernova with the potential to extend its Sertoli cell platform beyond our current focus of insulin- dependent diabetes to the treatment of a wide range of disorders including Parkinson's disease, blood disorders (haemophilia, hyperbilirubinemia, hemoglobinopathies such as sickle-cell disease, anaemia in chronic kidney disease, and related to cancer chemotherapy); the prevention of infection in susceptible individuals such as oncology patients, AIDS patients and those with other white blood cell diseases, as well as the prevention or treatment of certain cancers in genetically predisposed populations."

Naturally occurring Sertoli cells possess a unique ability to maintain an immune-privileged environment. In combination with Sernova's novel Cell Pouch System(tm), Sertoli cells may potentially be used in a variety of settings to eliminate the need for expensive and toxic immunosuppressive drugs. Sernova's genetically modified Sertoli cell platform combined with Sernova's novel Cell Pouch System(tm) further enables the potential replacement of key natural substances in the body, or to produce therapeutic agents to prevent or treat disease.

Sernova anticipates that the expansion of its current programs will occur through a combination of internal research efforts, as well as external corporate and academic collaborations.

About Sernova

Sernova Corp. is a Canadian-based, health- sciences company focused on commercializing medical technologies. Sernova is currently developing a platform technology for a number of serious disease indications, starting with a novel treatment for insulin- dependent diabetes, using the novel Cell Pouch System(tm) and its patented Sertolin(tm) cell technology. According to the American Diabetes Association approximately 9 million Americans require insulin injections and it is the sixth leading cause of death in the United States. One out of every 8 dollars spent on health care in the United States is spent on treating diabetes and its complications. Worldwide expenditures on insulin alone are estimated to be $15 billion annually and growing.

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

For further information contact: Philip Toleikis, Ph.D., President and CEO Tel: (604) 961-2939 info@sernova.com www.sernova.com

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

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Press Release Communiqué de presse - August 06, 2009 6 August, 2009

Appointment of Dr. Annemarie Moseley to the Sernova Business Advisory Board


London, Ontario -- August 6, 2009 - Sernova Corp. (TSX-V: SVA)

Dr. George Adams, Chairman of the Board of Directors and Dr. Philip Toleikis, President and CEO of Sernova Corp. are pleased to announce the appointment of Dr. Annemarie Moseley to the Corporation's Business Advisory Board.

In reference to the appointment, Dr. Adams said "I am pleased to welcome Dr. Moseley to the Sernova team. She brings a wealth of technical and business experience in the cell therapy arena that will be of significant benefit to our company."

Dr. Toleikis said "Dr. Moseley's depth of experience in cell-based product development, clinical and regulatory affairs as well as financing and partnering will be a great asset from a strategic perspective. We anticipate that she will play a key supportive role as we advance our cell therapy programs toward commercialization and consider partnering opportunities. On behalf of the Corporation's shareholders and the other Board members, I am pleased to welcome her to Sernova's Business Advisory Board."

Dr. Moseley earned a Ph.D. in Physiology and Biochemistry from Utah State University, and an M.D. from Baylor College of Medicine. Her corporate career began as Vice President, Clinical Research for Applied Immune Sciences from 1992 to 1995, overseeing clinical development of stem cell therapies for HIV, bone marrow transplantation and gene therapy. Subsequently, in her role as Director of Clinical Gene Therapy at SyStemix/Novartis, Dr. Moseley managed a stem cell- based HIV gene therapy program. In 1997, Dr. Moseley joined Osiris Therapeutics as Senior Vice President of Clinical and Regulatory affairs, leading development activities for mesenchymal stem cell-based products in oncology, orthopaedics, cardiovascular and lysosomal storage disorders. Later as President, CEO and a Director of Osiris Therapeutics, Inc., she participated in extensive fundraising and partnering activities. In 2002 Dr. Moseley founded Cognate Therapeutics, Inc. with Toucan Capital and as President and CEO led the development of a cellular therapy for glioblastoma. She has acted as a strategic consultant on cellular therapies to a number of medical device companies and as commercialization advisor to the Canadian Stem Cell Network. Dr. Moseley is currently Chairman and CEO of REPAIR Technologies, Inc., a startup biotech company focused on enhancing repair and regeneration of injured tissue.

About Sernova

Sernova Corp. is a Canadian-based, health- sciences company focused on commercializing medical technologies. Sernova is currently developing a platform technology for a number of serious disease indications, starting with a novel treatment for insulin- dependent diabetes, using the novel Cell Pouch System(tm) and its patented Sertolin(tm) cell technology. According to the American Diabetes Association approximately 9 million Americans require insulin injections and it is the sixth leading cause of death in the United States. One out of every 8 dollars spent on health care in the United States is spent on treating diabetes and its complications. Worldwide expenditures on insulin alone are estimated to be $15 billion annually and growing.

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

For further information contact: Philip Toleikis, Ph.D., President and CEO Tel: (604) 961-2939 info@sernova.com www.sernova.com

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

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Press Release Communiqué de presse - July 20, 2009 20 July, 2009

Sernova Announces Financial Contributions from the National Research Council to Support Development of Human Implantation Device


London, Ontario - July 20, 2009 -

Sernova Corp. (TSX-V: SVA) today announced it has been awarded a financial contribution of up to $486,000 from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP) . This non- repayable contribution, along with technical and business oriented advisory services provided by NRC- IRAP, will be used by Sernova to support an important pre- clinical study to validate and optimize Sernova's novel Cell Pouch System(tm) device for cell transplantation into humans.

The Cell Pouch System(tm) is a proprietary device which has been developed for human use and is a key component of Sernova's platform technology. The Cell Pouch System(tm) will be used initially for treatment of insulin-dependent diabetes and has the potential for use in additional cell transplantation therapies including haemophilia, spinal chord injury, Parkinson's disease and other chronic debilitating diseases.

Dr. Philip Toleikis, President and CEO of Sernova said "We are grateful to NRC-IRAP for their crucial support of this important study, which will advance the development of a Canadian technology with ramifications for the treatment of insulin-dependent diabetics and other major diseases. We appreciate NRC-IRAP's thorough review of our development program and look forward to commercializing our technology into multiple disease indications and major markets worldwide."

The study supported by NRC-IRAP involves implantation of Sernova's novel medical device into diabetic pigs to establish device parameters and optimize performance. The study is expected to commence in August, 2009 and be completed within 12 months. The interim results that will be generated within 3-6 months will be used to finalize the device design for the planned large animal study recommended by the FDA, in support of a future Phase I/II human clinical study. Sernova has initiated discussions to conduct this large animal study in collaboration with a major transplant centre in the United States.

NRC-IRAP provides non-repayable funding to innovative Canadian companies to support their development of new technologies that will benefit both the company and Canada as a whole. Sernova will be reimbursed for 100% of designated salary costs to a maximum of $262,000, and for 69% of contractor fees to a maximum of $224,000. The contribution will be payable to a maximum of $344,000 in the year ending March 31, 2010, and a further $142,000 in the year ending March 31, 2011. The NRC- IRAP contribution is subject to the usual financial and legal terms and conditions stipulated by the National Research Council of Canada.

NRC-IRAP works with small- and medium-sized Canadian firms, providing expertise and advice as well as potential funding in developing their innovative ideas. Financial assistance for this project is a direct result of the Government of Canada's Economic Action Plan outlined in Budget 2009.

About Sernova

Sernova Corp. is a Canadian-based, health- sciences company focused on commercializing medical technologies. Sernova is currently developing a platform technology for a number of serious disease indications, starting with a novel treatment for insulin- dependent diabetes, using the novel Cell Pouch System(tm) and its patented Sertolin(tm) cell technology. According to the American Diabetes Association approximately 9 million Americans require insulin injections and it is the sixth leading cause of death in the United States. One out of every 8 dollars spent on health care in the United States is spent on treating diabetes and its complications. Worldwide expenditures on insulin alone are estimated to be $15 billion annually and growing.

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

For further information contact: Philip Toleikis, Ph.D., President and CEO Tel: (604) 961-2939 info@sernova.com www.sernova.com

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

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Press Release Communiqué de presse - June 29, 2009 29 June, 2009

Appointment of Dr. Philip M. Toleikis to the Sernova Board of Directors


London, Ontario -- June 29, 2009 - Sernova Corp. (TSX-V: SVA)

Dr. George Adams, Chairman of the Board of Directors of Sernova Corp. is pleased to announce the appointment of Dr. Philip Toleikis to the Corporation's Board of Directors. Dr. Toleikis was previously appointed as President and Chief Executive Officer of Sernova on April 28, 2009. In making the appointment, Dr. Adams said "Dr. Toleikis is now a key element in Sernova's future success, and it is important going forward to utilize his extensive scientific and business knowledge and expertise at the Board level. On behalf of the Corporation's shareholders and the other Board members, I would like to welcome him to the Board."

About Sernova

Sernova Corp. is a Canadian-based, health- sciences company focused on commercializing medical technologies. Sernova is currently developing a platform technology for a number of serious disease indications, starting with a novel treatment for insulin- dependent diabetes, using its patented Sertolin cell technology. According to the American Diabetes Association approximately 9 million Americans require insulin injections and it is the sixth leading cause of death in the United States. One out of every 8 dollars spent on health care in the United States is spent on treating diabetes and its complications. Worldwide expenditures on insulin alone are estimated to be $15 billion annually and growing.

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

For further information contact: Craig Gauld, Executive Vice President Tel: (888) 318-7062; (519) 858-5126 info@sernova.com www.sernova.com

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Press Release Communiqué de presse - June 01, 2009 1 June, 2009

Closing Of $420,000 Private Placement


London, Ontario - June 1, 2009 - Sernova Corp. (TSX-V: SVA)

Sernova Corp. announces the closing of its private placement of 14,000,000 common shares at $0.03 per common share for gross proceeds of $420,000. The shares are subject to a hold period of four months, expiring on September 29, 2009. An agent's fee of $21,104 has been paid to Blackmont Capital Inc., along with 703,467 warrants with a two year term, exercisable into one common share per warrant at an exercise price of $0.05 in the first year and $0.10 in the second year.

"The proceeds of the private placement will be used to advance the development of Sernova's proprietary treatment for insulin-dependent diabetes," said Dr. Philip Toleikis, President and CEO of Sernova Corp.

About Sernova Sernova Corp. is a Canadian-based, health- sciences company focused on commercializing medical technologies. Sernova is currently developing a platform technology for a number of serious disease indications, starting with a novel treatment for insulin- dependent diabetes, using its patented Sertolin cell technology. According to the American Diabetes Association approximately 9 million Americans require insulin injections and it is the sixth leading cause of death in the United States. One out of every 8 dollars spent on health care in the United States is spent on treating diabetes and its complications. Worldwide expenditures on insulin alone are estimated to be $15 billion annually and growing.

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

For further information contact: Craig Gauld, Executive Vice President Tel: (888) 318-7062; (519) 858-5126 info@sernova.com www.sernova.com

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Press Release Communiqué de presse - April 28, 2009 28 April, 2009

New Strategic Plan


APPOINTMENT OF DR. PHILIP TOLEIKIS AS PRESIDENT AND CEO * PRIVATE PLACEMENT FINANCING * GRANT OF STOCK OPTIONS

London, Ontario - April 28, 2009 - Sernova Corp. (TSX-V: SVA)

At the Annual General Meeting of Shareholders held today, the Sernova Board of Directors issued its report on the internal review of the Corporation's research and development, financing and partnering activities and strategies that had been conducted over the last three months by Mr. Jeffrey Bacha, an independent Director of the Corporation. Based on the analysis of the Corporation's scientific progress to date, regulatory requirements, and financial and human resources, the Board of Directors has approved Mr. Bacha's recommended strategic plan.

Sernova's immediate priority will be to seek scientific collaborations with key international transplant centres that currently offer islet transplantation (known as the Edmonton Protocol) to patients suffering from Type 1 diabetes. Sernova strongly believes that its proprietary Sertolin(tm) technology, which utilizes co- transplantation of porcine islets and Sertoli cells in a unique transplantation device, offers a quantum leap forward over the Edmonton Protocol, the current standard of care. The limitations of the Edmonton Protocol are well understood: very small source of donated human islets, potential damage to the patient's liver, significant loss of islets following transplantation, severe immune and inflammatory responses to the transplanted islets, and the permanent need for the patient to take toxic and expensive anti- rejection drugs. The Sertolin(tm) treatment would potentially overcome all of the Edmonton Protocol limitations in a simpler, less invasive, safer and less expensive way, since it is based on the availability of a large supply of porcine islets and sertoli cells from controlled herds, reduced loss of islets following transplantation, no minimal immune or inflammatory responses, and no need for any antirejection drugs.

Sernova has already initiated discussions with several key transplantation centres in the United States with a view to establishing scientific collaborations to demonstrate proof of concept and commercialize Sertolin(tm). Mr. Bacha stated: "By working together with leading transplant centres, we can achieve far more in a shorter period of time, and ensure the highest quality studies that will meet the standards of the FDA and the international scientific community."

Sernova is also aggressively seeking government and private grants to fund key projects within the overall Sertolin(tm) development plan. Until further funding and/or scientific collaborations are secured, the Corporation has significantly reduced its overhead and operating expenses.

The Board of Directors also announces the appointment of Dr. Philip Toleikis as the President and CEO of the Corporation. Dr. Toleikis is a seasoned and experienced biotechnology executive, with over 20 years of research, intellectual property, management and business experience in the pharmacology and biotechnology sectors. His most recent position was as Vice President, R&D Pharmacology and Drug Screening, for Angiotech Pharmaceuticals, Inc. of Vancouver, British Columbia, where he built a major scientific and information technology team that included senior scientists, research scientists and technicians. Dr. Toleikis' major achievements at Angiotech included successful completion of Phase II European Clinical Trials, chairing the Joint Research Committee, in-licensing and out- licensing of technologies, and management of key patents and patent applications. Dr. Toleikis is the author of multiple issued patents and over 110 patent applications. His research training and experience includes biochemical pharmacology, diabetes, oncology, inflammatory diseases (psoriasis, multiple sclerosis, surgical adhesions, Alzheimer's disease and rheumatoid arthritis), osteoarthritis, neurological diseases and cardiovascular conditions including ischemic heart disease, cardiomyopathy, hypertension and aneurysms. Dr. Toleikis will be presenting on the Corporation's behalf at the BioFinance Conference in Toronto on Wednesday, April 29, 2009.

Dr. George Adams, Chairman of the Board of Directors, welcomed Dr. Toleikis, stating "Sernova is privileged to now be led by such a distinguished scientist and executive. We are fully confident that Dr. Toleikis will drive our technology through the worldwide regulatory process and into commercialization. The treatment of insulin- dependent diabetes will be just the first commercial application of our platform technology. On behalf of the Board of Directors and our shareholders, I welcome Dr. Toleikis to the Sernova family."

Sernova also announces that it will be seeking the approval of the TSX Venture Exchange for a private placement of up to 14 million shares at a price of $0.03 per common share, for aggregate consideration of $420,000. A commission of 10%, along with a 10% agents warrant to purchase common shares at $0.05 per common share, will be paid.

The Corporation also announces the granting of incentive stock options to an officer to purchase up to 700,000 common shares at $0.10 per share for a period of 5 years expiring April 28, 2014.

About Sernova Sernova Corp. is a Canadian-based, health- sciences company focused on commercializing medical technologies. Sernova is currently developing a platform technology for a number of serious disease indications, starting with a novel treatment for insulin- dependent diabetes, using its patented Sertolin cell technology. According to the American Diabetes Association approximately 9 million Americans require insulin injections and it is the sixth leading cause of death in the United States. One out of every 8 dollars spent on health care in the United States is spent on treating diabetes and its complications. Worldwide expenditures on insulin alone are estimated to be $15 billion annually and growing.

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

For further information contact: Craig Gauld, Executive Vice President Tel: (888) 318-7062; (519) 858-5126 info@sernova.com www.sernova.com

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Press Release Communiqué de presse - January 21, 2009 21 January, 2009

Sernova Corp.: Resignation of Justin Leushner as President Board of Directors Initiates Internal Review


London, Ontario --January 21, 2009 - Sernova Corp. (TSX-V: SVA)

Sernova Corp. announces that Justin Leushner, President of the Corporation since 2006, has resigned for personal reasons, effective January 31, 2009. Dr. George Adams, Chairman of the Board of Directors, said "On behalf of the shareholders and the Board of Directors, I would like to thank Justin for his leadership and hard work over the years, and wish him the best of luck in his future endeavours."

Prior to beginning a search for a new President, the Board of Directors has formed a subcommittee of the Board to conduct an internal review of the Corporation's research and development, financing and partnering activities and strategies. This subcommittee will be chaired by Mr. Jeffrey Bacha, an independent Director of the Corporation, who is presently Executive Vice President, Corporate Affairs and Chief Operating Officer of Clera Inc. of Vancouver, British Columbia. It is anticipated that this review will be completed in advance of the Corporation's Annual General Meeting which will be held in the spring of 2009.

About Sernova Sernova Corp. is a Canadian-based, health- sciences company focused on commercializing medical technologies. Sernova is currently developing a platform technology for a number of serious disease indications, starting with a novel treatment for insulin- dependent diabetes, using its patented Sertolin cell technology. According to the American Diabetes Association approximately 9 million Americans require insulin injections and it is the sixth leading cause of death in the United States. One out of every 8 dollars spent on health care in the United States is spent on treating diabetes and its complications. Worldwide expenditures on insulin alone are estimated to be $15 billion annually and growing.

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

For further information contact: Craig Gauld, Executive Vice President Tel: (888) 318-7062; (519) 858-5126 info@sernova.com www.sernova.com

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.