Pyng Medical Corp

Saving lives by saving time through innovation in resuscitation™

Pyng Medical Receives US FDA Clearance

February 19th, 2008

Enhanced FAST1™ Intraosseous Infusion System Now Available in the US

Vancouver, BC - Pyng Medical Corp. (PYT: TSX .V) today announced the Company has received Special 510(K) regulatory clearance from the US Food and Drug Administration to market its new and improved version of the award-winning FAST1™ Intraosseous (IO) Infusion System throughout the US, effective immediately.

FAST1™ is the most rapid, reliable and safe alternative to conventional IV infusion providing lifesaving vascular access for fluid and drug resuscitation in shock and trauma victims. The Company’s lead clinical product has been re-engineered with a superior infusion tube that no longer requires the use of a removal tool. The product shipped to all non-FDA jurisdictions during the fourth quarter of 2007 and now begins shipment into the US.

“These improvements were implemented in direct response to feedback from Pyng’s key customers based on real life applications on the battle field and EMS environments,” said David Christie, President and CEO. “As part of our ongoing commitment to technology innovation we’ve achieved procedural efficiencies and further enhanced the ease-of-use for our market-leading FAST1™ Intraosseous Infusion System. We look forward to showcasing further developments in our next generation FASTX Sternal IO System at leading industry events later this year,” adds Christie.

About Pyng Medical Corp.

Pyng Medical Corporation is the developer and manufacturer of the proprietary, award-winning FAST1™ Intraosseous Infusion System. Pyng was selected in the “2007 TSX Venture 50″ Top 10 companies in Life Sciences based on solid financial metrics for the year ending December 31, 2006. With expanding markets in North America, Europe and Asia, the FAST1™ has worldwide application for use with hospitals, emergency medical services and military forces.

For More Information

David Christie
Pyng Medical Corp.
(604) 303-7964
www.pyng.com

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