May 13, 2003

News Release: CEAPRO Announces Global, New Major Product Introduction

Ceapro Inc. ('Ceapro') (TSX: CZO) and Dragoco Gerberding today launched a major new active ingredient, Drago-Calm. The product, developed and manufactured by Ceapro under the code-name Defense-Factors, is a concentrated form of natural anti-irritants extracted from oats.

Dr. Mark Redmond, Ceapro's Chief Operating Officer stated, 'This is an important new core product for us. The Drago-Calm launch is the culmination of two years intensive collaboration between Ceapro and Dragoco. We have succeeded in concentrating the healing compounds in oats, the avenanthramides, and produced an easy to use formulation that provides true and effective functionality to personal care products. Early feedback from the world's leaders in cosmetic and personal care indicates that the market is ready for this product and we expect substantial growth over the next years with this exciting and innovative product.' Ceapro and Dragoco today introduced Drago-Calm at the US Supplier's Day held at the Meadowlands, New Jersey. Supplier's Day is the leading North American exhibition for raw materials and ingredients for cosmetics, toiletries, and personal care and is the principle venue attended by the US industry.

About Ceapro

Ceapro is a biotechnology company that develops and commercializes natural products for medical and animal health industries using proprietary technology and renewable resources.

About Dragoco

Dragoco is a global leader in the market of specialty cosmetic ingredients, focusing on high-value active ingredients, sunscreens, and plant extracts.

Later this year, Symrise Inc., a new company will be formed, as Dragoco Gerberding &Co. AG merges with Haarmann and Reimer. The merger comes about through Bayer's sale of Haarmann and Reimer to the Scandinavian investment fund EQT Northern Europe (Wallenberg group), which will then acquire a minority stake in Dragoco.

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For further information: Dr. Mark Redmond, Chief Operating Officer, Ceapro Inc., Telephone: (780) 421-4555

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