Grant Life Sciences and Diagnostic Technologies Ltd. Are Exploring an Expanded Partnership beyond Their Initially Proposed Association to Develop and Commercialize Grant's Cervical Cancer-Diagnostic Platform.

LOS ANGELES -- Grant Life Sciences ('Grant') Inc. (OTC BB: GLIF) announced today that it is exploring an expanded partnership with Israel-based Diagnostic Technologies Ltd. (DTL) related to Grant's cervical cancer-diagnostic technology. The original proposed association between the two companies, assuming acceptable due diligence by DTL, was to have been a definitive Licensing Agreement that would include an upfront licensing fee of $250,000 paid to Grant. In addition, DTL would conduct all product development at its own cost, including clinical trials, associated with the commercialization of products developed from Grant's cervical cancer-diagnostic technology. Upon commercialization, DTL would pay Grant an ongoing royalty on sales of the products developed, according to the definitive Licensing Agreement.

An extension of the MOU between Grant and DTL, announced on 10/03/06, was made necessary because DTL's business activities were significantly hindered as a result of the 2006 Israel/Lebanon conflict, which occurred between July 12 and August 14, 2006. The due diligence process has piqued both companies' interest in exploring an expanded partnership beyond their initially proposed association.

"We remain very excited about our potential relationship with DTL," said Hun-Chi Lin, Ph.D., Grant's President and Chief Scientist. "That excitement has evolved into exploring an expanded partnership beyond what we originally intended. We expect to announce an update of this process in due course."

About Diagnostic Technologies Ltd. (DTL)

DTL, based in Haifa, Israel, is a privately held company that has licensed from Technion a technology for the prediction of the risk of preeclampsia in maternal serum. According to the CDC, preeclampsia affects five to seven percent of all pregnant women and can result in: loss of life; blindness; motor and mental disorders or premature newborns; pregnancy hypertension; and kidney, liver and cardiovascular malfunctioning. It is estimated that nearly $30 billion is spent today in healthcare costs to treat women with preeclampsia and their newborns. DTL's simple blood test for the early prediction of preeclampsia is now in clinical trials. TEUZA, an Israeli venture fund, is the major investor in the Company. On Jan. 31, 2006, PerkinElmer, Inc., announced that it had secured the exclusive global rights to the test for identifying patients at risk for preeclampsia developed by DTL.

About Grant Life Sciences Inc.

Grant Life Sciences Inc. (OTC BB: GLIF), a development stage company, engages in the research, development, marketing, and sale of diagnostic kits for the screening, monitoring, and diagnosis of diseases with emphasis on women's health, infectious diseases, and cancers.

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