Biogenerics: Management Team Announcement.

TORONTO -- Biogenerics Limited (the Company) (NQB:BIGN) announces that, by its previous acquisition, it is actively reviewing new Oil and Gas opportunities through its Management Team as described below.

The Management Team's focus area is southwestern Ontario where it has extensive experience in developing Trenton Black-River oil and gas fields within the Michigan and Appalachian basins of Ontario. Management has a proven track record of finding and developing oil and gas reserves in Ontario and has to its credit 5.5 million barrels of oil equivalent. The Team's founders have been leaders in the application of leading edge technology including horizontal drilling and geophysical exploration technologies that include expertise in the application of proprietary technology for enhanced recovery of reserves from under-exploited or damaged petroleum reservoirs.

KEY MANAGEMENT TEAM

E. Peter Rowe

Mr. Rowe is an experienced oil and gas executive with over 27 years experience in the petroleum industry. He is the third generation of a family that traces its oil and gas roots back to 1897. Mr. Rowe was a founder and President of E. P. Rowe Oil Limited, a private Ontario based oil and gas company credited with discovering the Dover 7-5-V East Pool in 1983. From 1983 to 1986, Mr. Rowe served as Vice President of Exploration for Paladin Petroleum Corporation, a public Ontario oil and gas company. In 1986, E. P. Rowe Oil Limited merged with Paladin Petroleum Corporation to form PPC Oil & Gas Corp. ("PPC") and was listed on the TSE. Mr. Rowe served as President and CEO of PPC from 1987 to 1990. In 1991, PPC merged with Paragon Petroleum Corporation. Mr. Rowe served as Vice President of Eastern Operations for Paragon from 1991 to November 1994. Most recently Mr. Rowe served as Chairman and CEO of Rubicon Petroleum Inc. and is currently past President of the Ontario Petroleum Institute (the "Institute") and serves as both a Director and a member of the Executive Committee of the Institute.

Jean Claude Bonhomme

Mr. Bonhomme is an experienced executive with over 27 years of experience in the Ontario oil and gas industry. Mr. Bonhomme started his career in the petroleum industry in 1982 as a founder of Paladin Petroleum Corporation, an Ontario based company formed to exploit the undeveloped lands of AMOCO Canada Ltd., Shell Canada Limited and Canadian Occidential Petroleum Inc. Most recently he has been engaged in the mining and technology sectors where he served as a director of several Canadian mining and technology companies.

Ian M. Colquhoun, Ph.D

Mr. Colquhoun is an exploration Geologist with over 7 years of experience in the Ontario oil and gas industry. Mr. Colquhoun received his BSs. and MSc. in geology from Brock University where he published theses on the Trenton Group carbonates of southwestern Ontario. Mr. Colquhoun is also the author of several confidential reports on the Alberta oil sands pursuant to agreements between AOSTRA, the University of Western Ontario and industry. He began his career in Ontario with Pembina Resources in 1995 and has been employed as a consultant by several large and intermediate exploration companies in Ontario including, Resource Professionals Inc., Icon Petroleum Inc., Daybreak Energy Corporation, Cobra Oil & Gas Corp., and Rubicon Petroleum Inc. Most recently Mr. Colquhoun served as Ontario Exploration Manager for Calgary based Veteran Resources Inc. His background in geological consultation includes the development of exploration prospects within the Ordovician Trenton Black-River play of the Appalachian Basin and the Silurian Pinnacle Reef play of the Michigan Basin. Mr. Colquhoun received a certificate of merit from the American Association of Petroleum Geologists ("AAPG") in connection with his work on the Trenton Black-River core workshop during the Eastern Section meeting in September 2000. Mr. Colquhoun is a member of the Canadian Society of Petroleum Geologists, the AAPG, the APGO, and the Ontario Petroleum Institute.

Forward-Looking Statements:

This press release contains "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause actual results to differ materially from those reflected in the statements. Information on the factors which could affect the Company's operations or financial results are included in the Company's reports on file with Canadian securities regulatory authorities and the United States Securities and Exchange Commission. Forward-looking statements are based on the estimates and opinions of the Company's management at the time the statements are made. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.