LSN Life Sciences Institute Inc.

Life Sciences Institute Inc. (TSX VENTURE:LSN) (the "Corporation" or 'LSN") is
pleased to report that it has entered into a non-binding Letter of Intent with a
private Colombian corporation to acquire an option to earn up to a 35% interest
in an exploration block located in the Eastern Cordillera region of Colombia. If
it earns the interest, the Company may, at its election, have the right to apply
to the Colombian Ministry of Hydrocarbons to become operator of the block.


The Company continues its due diligence towards the execution of a definitive
binding agreement.


The property is located in the center of Colombia, Southwest of Bogota in the
Eastern Cordillera Basin. The exploration block is approximately 77,574 hectares
in size and is located in close proximity to established oil pipelines and
producing fields.


"Upon the successful conclusion of our due diligence related to the Colombian
acquisition and completion of our obligations under the earn-in," stated Rob
Thomas, President and Chief Executive Officer of LSN, "we will have added a
complimentary asset to our core project in the Williston Basin of Saskatchewan.
The two areas could represent a compelling mix of opportunities for our
shareholders."


LSN currently holds a 100% working interest in 6,400 acres in Crown leases which
were identified to be prospective for oil and gas. The primary targets being the
Bird Bear-Madison and Bakken formations, previously detected with key geological
observations, well log analysis and proprietary 2D seismic. The Company is
scheduling to commence the licensing of two well locations in early February
with drilling proposed for March of 2011.


"The lands held by LSN represent a significant opportunity," said Mr. Thomas,
"we look forward to the completion of the previously announced change of
business, as well as the proposed name change to Quattro Exploration and
Production Ltd. These events, in conjunction with the proposed drilling program
in Saskatchewan, if successful, are believed to be the beginning of a foundation
for the Company's strategic growth."


In a press release dated January 26, 2011, the Company indicated that it
anticipated filing the Short Form Offering Document ("SFOD") by the end of
January. The filing of the SFOD has been delayed by third-party issues; once
these delays are resolved, the Company will file the SFOD with the TSX Venture
Exchange. It anticipates filing the SFOD before February 7, 2011.


Forward Looking Statements

Statements in this press release contain forward-looking information within the
meaning of applicable securities law. Forward-looking information is frequently
characterized by words such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate" and other similar words, or statements that certain
events or conditions "may" or "will" occur. In particular, forward-looking
information in this press release includes, without limitation, statements with
respect to: prospective completion of satisfactory due diligence regarding the
Colombian assets, the entering into of a definitive binding agreement regarding
the Colombian assets, possible exploration and production results from each of
the Columbia and Saskatchewan prospects, timing and completion of the COB, the
closing of the various offerings, the expected timing of the exploration and
drilling programs and the approval of the TSX Venture Exchange. Readers are
cautioned that assumptions used in the preparation of forward-looking
information may prove to be incorrect. Although we believe that the expectations
reflected in the forward-looking information are reasonable, there can be no
assurance that such expectations will prove to be correct. We cannot guarantee
future results, level of activity, performance or achievements. Consequently,
there is no representation that the actual results achieved will be the same, in
whole or in part, as those set out in the forward-looking information.


Forward-looking information is based on the opinions and estimates of management
at the date the statements are made, and are subject to a variety of risks and
uncertainties and other factors (many of which are beyond the control of the
Corporation) that could cause actual events or results to differ materially from
those anticipated in the forward-looking information. Some of the risks and
other factors could cause results to differ materially from those expressed in
the forward-looking information include, but are not limited to: general
economic conditions in Canada, the United States and globally, the risks
associated with the oil and gas industry, commodity prices and exchange rate
changes. Industry related risks could include, but are not limited to:
operational risks in exploration, development and production; delays or changes
in plans; competition for and/or inability to retain drilling rigs and other
services; competition for, among other things, capital, acquisitions of
reserves, undeveloped lands, skilled personnel and supplies; risks associated to
the uncertainty of reserve estimates; governmental regulation of the oil and gas
industry, including environmental regulation; geological, technical, drilling
and processing problems and other difficulties in producing reserves; the
uncertainty of estimates and projections of production, costs and expenses;
unanticipated operating events or performance which can reduce production or
cause production to be shut in or delayed; incorrect assessments of the value of
acquisitions; the need to obtain required approvals from regulatory authorities;
stock market volatility; volatility in market prices for oil and natural gas;
liabilities inherent in oil and natural gas operations; access to capital; and
other factors. Readers are cautioned that this list of risk factors should not
be construed as exhaustive.


The forward-looking information contained in this news release is expressly
qualified by this cautionary statement. The Corporation does not undertake any
obligation to update or revise any forward-looking statements to conform such
information to actual results or to changes in our expectations except as
otherwise required by applicable securities legislation. Readers are cautioned
not to place undue reliance on forward-looking information.


The Change of Business

Investors are cautioned that, except as disclosed in the Management Information
Circular and this press release, any information released or received with
respect to the COB may not be accurate or complete and should not be relied
upon. Trading in the securities of Life Sciences Institutes Inc. should be
considered highly speculative.


Wolverton Securities Ltd., subject to completion of satisfactory due diligence,
has agreed to act as sponsor to Life Sciences Institute Inc. in connection with
the transaction. An Agreement to sponsor should not be construed as any
assurance with respect to the merits of the transaction or the likelihood of
completion.


All definitions not herein provided shall have the meaning ascribed to them in
the Information Circular.


The TSX Venture Exchange has in no way passed upon the merits of the proposed
transaction and has neither approved nor disapproved the contents of this press
release.

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