CalciTech End-of-Year Product Development Update.

HAMILTON, Bermuda -- CalciTech Ltd. (OTCBB:CLKTF)(OFEX:CLK)(Freiverkehr:XCH) today provides an end-of-year update on the progress of its product development programme.

Following the appointment of Francois Roux as its Product Development Director in April of this year, and of Jean-Claude Masson, Marketing Manager for non-paper applications in August, CalciTech has worked with several industrial partners in various sectors on the development and marketing of its SCC-related products for non-paper applications. With its unique and patented technology, CalciTech is able to tailor-make superior products for specific industry applications.

In October of this year, CalciTech announced its first non-paper product, CalciSP(TM), which is aimed at the food, pharma and cosmetics sectors. An independent analysis, carried out by the Geneva Institute of Technology, has shown that CalciSP(TM) is extremely low on heavy metals content, well below values reached by other products on the market, and well below regulatory limits, a major factor in these industries. Furthermore, CalciSP(TM) has similar rheological properties that contribute to the uniqueness of the Company's products for the paper industry.

The Company can now disclose that the industry's response to the announcement of its new product has been extremely positive on a global basis. CalciTech is currently assessing the different opportunities for the distribution of CalciSP(TM) in the various markets that have shown interest, once the Company has built up its production capacity.

Further product development and market research have earmarked various sectors with significant prospects for the sale of SCC-related products. Several producers of printing inks, a highly technical product, have trialled SCC in the manufacture and use of their products, and have indicated commercial interest for the Company's products.

An extensive testing programme conducted by a technical group specialised in plastics, has shown that SCC can significantly enhance certain characteristics of the finished product, especially in the strength area. One important parameter in the plastics industry also concerns rheological properties. It has been proven in the paper industry that CalciTech's SCC has unique properties in this respect, and the Company anticipates similar results in various plastics trials currently underway, which are expected to be reported on in the coming months.

Francois Roux, CalciTech's Product Development Director, stated, "Our strategy to closely co-operate with potential customers continues to determine market opportunity. Our diversification programme to date has shown, as we expected, that our SCC is a unique product that can contribute to significant improvements in the properties of finished products that contain calcium carbonate. We are actively discussing applications for SCC with several partners in various industry sectors, who have recognised that SCC is a very versatile and superior product. We are confident that we will be able to launch further products with a significant competitive edge over currently used calcium carbonates, and we anticipate making further announcements in the coming months."

The directors of the company take responsibility for this announcement.

This press release contains "forward looking statements" including forward looking statements as that term is defined in section 27a of the united states securities act of 1933 and section 21e of the securities and exchange act of 1934. Statements in this press release, which are not purely historical are forward looking statements and include any statements regarding beliefs, expectation or intentions concerning the future. Forward looking statements in this press release include, but are not limited to statements which are subject to a number of contingencies and uncertainties, including, but not limited to, market acceptance for CalciTech products, manufacturing of CalciTech products in a commercial setting, obtaining adequate financing and construction management for products and obtaining appropriate permits.

It is important to note that the corporation's actual outcomes may differ materially from those in forward looking statements contained in this press release. Although the company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations and intentions will prove to be accurate. Readers should refer to the risks disclosures in the company's public filings with the securities and exchange commission.