STELLAR PHARMACEUTICALS ANNOUNCES 2006 FIRST QUARTER FINANCIAL RESULTS

Stellar Pharmaceuticals Inc., a Canadian pharmaceutical developer and marketer of high quality, cost-effective products for select health care markets, today announced financial results for the first quarter ended March 31, 2006. All amounts in this press release are in Canadian dollars, have been rounded to the nearest thousand, and are the result of the use of U.S. GAAP.
CCN Matthews