Warnex Inc. Completes its Debt Restructuring

LAVAL, QUEBEC--(Marketwire - May 20, 2008) - Warnex Inc. (TSX: WNX) ("Warnex") is pleased to announce that it has closed its previously announced debt restructuring pursuant to which it had entered into agreements 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.