Life Sciences Institute Inc. (TSX VENTURE:LSN) (the "Company") is pleased to
announce that it has received final TSX Venture Exchange (the "TSXV") which
includes the acceptance of the non-arm's length acquisition (the "Acquisition")
of certain oil and gas related assets (the "Assets") followed immediately by the
disposition (the "Disposition") of all the assets and liabilities used in, or
otherwise relating to, the education business currently carried out by the
Company (the "Education Assets").


Partial consideration for the Acquisition included the issuance of an aggregate
of 2,175,000 common shares in the capital of the Company.


The Company has also completed the Disposition of the Education Assets to the
current management of the Company at a price of $998,502 with the purchase price
being paid as to $734,326 by way of assumption of all indebtedness and
liabilities of the Company relating to the Education Assets and $264,176 by way
of assumption of promissory notes related to the Acquisition.


The Company anticipates that trading will commence as an "oil and gas issuer" at
the open of trading on Thursday, November 10, 2011 and the Company's shares will
continue to trade under the symbol "LSN". The Company's COB was previously
approved by shareholders at a meeting held June 3, 2010.


The board of directors of the Company now consists of Leonard Van Betuw, Jeffrey
Decter, Scott Reeves, Dan Harding and Leonard Zaseybida. The management team
comprises Leonard Van Betuw as President and Chief Executive Officer and Dan
Harding as Chief Financial Officer.


Pursuant to an escrow agreement dated September 28, 2011 among the Company, the
Company's transfer agent and certain Company principals, 4,025,000 common shares
of the Company held by Company principals will be subject to escrow, with 10%
released on the issuance of the final Exchange Bulletin and an additional 15%
released each six months thereafter for 36 months.


This news release includes forward-looking statements that are subject to risks
and uncertainties. All statements within, other than statements of historical
fact, are to be considered forward looking. Although the Company believes the
expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance
and actual results or developments may differ materially from those in
forward-looking statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include market prices,
exploration and development successes, continued availability of capital and
financing, and general economic, market or business conditions. There can be no
assurances that such statements will prove accurate and, therefore, readers are
advised to rely on their own evaluation of such uncertainties. We do not assume
any obligation to update any forward-looking statements.


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