Warnex Inc. Reports on its Debt Restructuring

LAVAL, QUEBEC--(Marketwire - May 05, 2008) - On March 19, 2008, Warnex Inc. (TSX: WNX) ("Warnex") announced that it had entered into agreements in principle with the various holders of all of its outstanding debentures, aggregating CDN$11,345,000 in principal amount, in order to modify the terms and conditions of such debentures. Warnex wishes to provide further details as to the implementation of this debt restructuring.