Philom Bios Announces First Quarter Results

Release Date: February 13, 2006
FOR IMMEDIATE RELEASE

February 13, 2006

Philom Bios Announces First Quarter Results

SASKATOON, SK — Philom Bios Inc. is pleased to report its results for the three months ended December 31, 2005.

Highlights:
• Net losses of $1.2 million are representative of normal outcomes for first quarter operations due to nature of our business cycle.

• Cash outflows in the quarter reflect normal build up of inventories and completion of facility improvements, offset by receipt of long-term financing proceeds.

As noted above, first quarter losses of $1.2 million are representative of normal outcomes as the Company incurs ongoing operating costs and builds up its inventories during this time in preparation for a spring sales season. Net operating costs for the quarter total $1.7 million (2005 – $1.9 million) with the decline from the prior year reflecting some timing differences on certain marketing and research initiatives and reduced legal fees. Subsequent to the quarter, the Company celebrated the grand opening of its new facility in January 2006. In addition, the
Company announced that it has been chosen as one of Canada’s 50 Best Managed Companies
for 2005.

President/CEO Calvin Sonntagcomments, “We’re pleased with our first quarter. While remaining ever cautious about prediction of final outcomes this early in our business cycle, initial industry feedback and customer support for our early sales incentive programs gives us confidence of achieving our objectives for 2006. We are also very pleased with the operational
efficiencies already being realized in our new facility.”

Philom Bios is a world leading Inoculant Company with over 70 employees across North
America in a wide range of research, manufacturing, marketing, and management positions.

Headquartered in Saskatoon, SK, Philom Bios is a Canadian public company serving the needs of farmers with high-value inoculants. Philom Bios has a 20+ year commitment to farmers through a dynamic partnership with distributors and leading retailers.

For More Information:
Calvin Sonntag Rod Delahey
Philom Bios Inc. Heyday Communications
3935 Thatcher Avenue, #200, 173 2nd Ave. S
Saskatoon, SK Canada S7R 1A3 Saskatoon, SK Canada S7K 1K6
Phone: (306) 657-8202 Phone: (306) 683-4255
Fax: (306) 668-4232 Fax: (306) 683-4252
Email: csonntag@philombios.com Email: rod@heyday.ca