Warnex is a life sciences company devoted to protecting public health by providing laboratory services to the pharmaceutical and healthcare sectors. Warnex Analytical Services provides pharmaceutical and biotechnology companies with a variety of quality control services, including chemistry, chromatography, microbiology, method development and validation, and stability studies. Warnex Bioanalytical Services specializes in bioequivalence and bioavailability studies for clinical trials. Warnex Medical Laboratories provides specialized testing for the healthcare industry as well as pharmaceutical and central laboratory services. Warnex PRO-DNA Services offers DNA identification tests for paternity, maternity and other family relationships, as well as for immigration and forensic testing purposes. Warnex has three facilities located in Laval and Blainville, Quebec, and Thunder Bay, Ontario.

1. Annual General Meeting June 29, 2011 Hotel Hilton, Salon Tétreault 2225 Autoroute des Laurentides Laval, Quebec

3. Protect public health by providing laboratory services to the pharmaceutical and healthcare sectors

4. “ ” – Gucci Family Quality is remembered long after the price is forgotten.

5. “ ” – Richard Buckminster Fuller Integrity is the essence of everything successful.

6. “ ” – Ulysses S. Grant We must each respect others even as we respect ourselves.

7. “ ” Individual commitment to a group effort: that is what makes a team work , a company work… – Vince Lombardi

8. “ ” – Jim Rohn You cannot make progress without making decisions .

9. Bioanalytical Analytical PRO-DNA Medical

10. Management Mark Busgang François Jetté Michael Mancini Yvan Côté

11. Analytical Services

12. We offer analytical services to the pharmaceutical industry with a focus on quality results and customer service

13. Analytical Results (million $)

14. Continued investment in state-of-the-art analytical equipment

15. Bioanalytical Services

16. We offer bioanalytical services primarily for generic drug manufacturers, with a focus on niche products , while delivering quality results and superior customer service

17. Bioanalytical Results (million $)

18. Successfully passed inspections by AGES and the FDA

19. Medical Laboratories

20. Our goal is to be a Canadian reference in specialized diagnostics , genetic testing and personalized medicine , for the healthcare and pharmaceutical sectors

21. Colorectal cancer is the 2 nd leading cause of death from cancer in men and women combined

22. PRO-DNA Services

23. We offer DNA identification and forensic testing, and we are the only private laboratory in Canada offering mitochondrial DNA testing

24. ASCLD/LAB-International ® accreditation for forensic science testing

25. Medical/PRO-DNA Results (million $)

26. Consolidated Results

27. Revenues (million $) CAGR = 26%

28. Net earnings (million $) R&D focus

29. EBITDA (million $) R&D focus

30. Revenue Breakdown 1998 2003 2007 Analytical Bioanalytical Medical / PRO-DNA 2010 $1.4M $7.2M $25.0M $22.3M

31. Revenue by Region 1998 2003 2007 Canada U.S. Other 2010

32. 250 employees $15 million in salaries and benefits

33. The Indian pharmaceutical market is worth $10 billion

35. 2011 Objectives Profitability Restructure long-term debt Increase revenues Acquisitions

36. Growth and profitability

37. Focus on cash Repay debt

38. Productivity and efficiency

39. It takes months to find a customer but only moments to lose one. “ ”

40. Q1 2011 Results (million $)

41. Long-term bank debt and capital leases will be down from $2.2M in Jan. 2010 to $nil in Dec. 2011

42. 2011 Board of Directors

43. Commitment to good corporate governance

45. “ ” – Abraham Lincoln I never had a policy; I have just tried to do my very best each and every day.

46. Annual General Meeting June 29, 2011 Hotel Hilton, Salon Tétreault 2225 Autoroute des Laurentides Laval, Quebec