Mistral Pharma Inc.: The Court Approves the Proposal Filed Under the Bankruptcy and Insolvency Act  
9/18/2008 10:28:30 AM

MONTREAL, QUEBEC--(Marketwire - September 17, 2008) - Mistral Pharma Inc. (TSX VENTURE: MIP) (the "Corporation") announced that on September 15, 2008, the Quebec Superior Court approved the proposal filed by the Corporation under the Bankruptcy and Insolvency Act (Canada). The proposal shall effect a compromise of the Corporation's debts existing at June 13, 2008, and effect a reorganization under Section 191 of the Canada Business Corporations Act.