/C O R R E C T I O N from source - CALCITECH LTD./ In release MO205 sent today at 11:53e, an error occurred in the first paragraph. The following specification for the financial statement was added: "Figures below referring to the accounts are in $'000s". The corrected copy follows: HAMILTON, Bermuda, Aug. 11 /PRNewswire-FirstCall/ -- CalciTech Ltd. (TSX- CLK; OTCBB- CLKTF; Freiverkehr-XCH) announced that it has filed its annual audited financial statements, for the year ended February 29, 2004, with the Alberta Securities Commission, British Columbia Securities Commission and TSX Venture Exchange. CalciTech's filings can be electronically downloaded from http://www.sedar.com/ . Figures below referring to the accounts are in $'000s. The accounts for the year show a net loss of $2,244 as compared with $2,188 for the same period to 28th February 2003. Research and development costs expensed have decreased to $353 as compared with $719 for the previous year. This is mainly due to movement away from the research and development stage of the CalciTech process towards its commercialization. The Company has also earned its first revenue from the sale of Synthetic Calcium Carbonate ("SCC") samples, which amounted to $51. General and administrative expenses increased from $1,004 to $1,723 due to a number of factors such as increased audit costs to comply with new US legislation, the increase in operating staff at the small scale plant in Germany, and the increased activity developing new projects around the world. Interest expenses increased from $465 to $521. This year has been characterised by the reaching of essential milestones towards the commercialisation of the Company's technology. All these milestones play an essential role towards finalising the project finance for CalciTech's first merchant scale plant in Leuna. On the financial front, Epsom Investment Services N.V. continued to support CalciTech during the period and again agreed to extend its $2,500 credit facility to August 2005, with the interest rate remaining at 7.5%. CalciTech continues to develop project opportunities while concentrating on completing all matters precedent to building our plant in Leuna, Germany. SCC is the latest generation specialty mineral for use as a filler pigment in paper for the rapidly growing high-end paper market. CalciTech is entering this $5 billion growth market with special products that specifically address the $3.5 billion coating market where PCC, so far, has failed to make in roads. PCC dominates the $1.5 billion paper filler market. CalciTech has developed a unique and patented process that converts industrial lime waste into SCC and is the only company with these capabilities. SCC has a number of unique properties that make it superior to other products on the market today. This press release contains forward-looking 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. Such forward-looking statements are not guarantees of future performance, and are based on numerous assumptions about future conditions that could change. DATASOURCE: CALCITECH LTD. CONTACT: CalciTech Ltd., Marc Lakmaaker, , Switzerland +41 22 710 4020, Canada +1 604 910 6599, Toll Free North America: 1 800 905 9544, http://www.calcitech.com/; Renmark Financial Communications Inc., John Boidman: ; Edith English: ; Media, Cynthia Lane: , (514) 939-3989; http://www.renmarkfinancial.com/

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