Anavex Life Sciences Corp. Announces Research Agreement With University of Paris 5-Rene Descartes

GENEVA, SWITZERLAND -- (MARKET WIRE) -- April 02, 2007 -- Anavex Life Sciences Corp. (the "Company") (OTCBB: AVXL), a biopharmaceutical company, announced today that it has entered into a research agreement with the department of Pharmacology and Biological Sciences at Paris 5 University-Rene Descartes, France, to investigate the neuroprotective action of Anavex's tetrahydrofuranic compound ANAVEX 19-144 (AE37Met) in transient focal cerebral ischemia animal models. With this new agreement, Anavex Life Sciences Corp. partners with one of France's leading research universities. The research program involves two parts, a preliminary study of the effects of ANAVEX 19-144 on mean arterial blood pressure and a main study on cerebral ischemia.