June 3, 2003

News Release: Bioniche Ranked Among Canada's Top 100 Fastest-Growing Companies

Bioniche Life Sciences Inc. has been recognized as an exclusive member of PROFIT 100, the 15th annual ranking of Canada's fastest-growing companies by PROFIT: Your Guide to Business Success.

Ranking the companies by five-year revenue growth, the PROFIT 100 profiles Canada's most successful growth firms. Published in the June issue of PROFIT and online at PROFITguide.com, the PROFIT 100 is Canada's largest celebration of entrepreneurial achievement.

Bioniche ranked No. 72 in the 2003 list, announced June 1, having reported five-year revenues reaching $40,538,337 in 2002, a growth rate of 824 percent over the period. 'We're happy to welcome this year's PROFIT 100 winners to the only peer group of its kind in Canada,'said Ian Portsmouth, editor of PROFIT. 'Canada's fastest-growing companies are assembling the best and brightest in a tough labour market.'

'This is a major achievement and a distinct honour for all of us at Bioniche,'said Graeme McRae, president and CEO. 'And we're continuing to accelerate the pace. We're gaining market share in each of our strategic business segments, and we approach the end of our current fiscal year stronger and better positioned than ever.'

About Bioniche:

Bioniche Life Sciences Inc. is a leading Canadian biopharmaceutical company that develops, manufactures and markets proprietary products for human and animal health markets worldwide. The Company has over 250 employees in four business units: Bioniche Pharma Group, Bioniche Therapeutics, Bioniche Animal Health and Bioniche Food Safety. For more information visit www.bioniche.com.

Bioniche Life Sciences Inc. trades on the Toronto Stock Exchange (TSX) under the symbol 'BNC'and currently has 28,462,262 shares outstanding.

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For further information: Lynn Nielsen, Corporate Communications Manager, Bioniche Life Sciences Inc., Telephone: (613) 966-8058 Ext. 1254, Lynn.Nielsen(at)Bioniche.com

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