Algae Biosciences Comments on Recent Trading Activity  
12/18/2012 8:53:04 AM

CALGARY, Alberta, Dec. 17, 2012 (GLOBE NEWSWIRE) -- Algae Biosciences Corporation (TSX-V:ABV) ("AlgaeBio" or the "Company") announces that the Company is aware of the unusually active trading activity in its common stock and wishes to inform the investment community that all material events concerning the Company have been fully disclosed in previous press releases and other required filings. AlgaeBio Chairman Robert Thompson commented: "In our most recent corporate update released on November 28, 2012, we reported that the installed bioreactors systems are performing to specification with no scale-up issues. This continues to be the case."