December 16, 2011

The common shares of Merus Labs International Inc. will be delisted at the market close today, Friday, December 16, 2011.

Pursuant to an amalgamation with Envoy Capital Group Inc. Merus will continue to trade on the TSX under the symbol MSL

Date: Market close, Friday, December 16, 2011

Symbol: MR

For further information please contact Radhika at (416) 572-2000 X 2435 or E-mail: radhika@cnsx.ca