Life Sciences Institute Inc. (TSX VENTURE:LSN) (the "Company") is pleased to
announce that effective today, and as approved at the annual and special meeting
of the Company that held on June 3rd, 2010, the Company's name will be changed
to "Quattro Exploration and Production Ltd." and the Company's common shares
will begin trading on the TSX Venture Exchange under its new trading symbol,
"QXP". 


In addition, the common shares of the Company have been consolidated on a one
(1) new for three (3) old basis. Letters of transmittal will be sent by mail to
shareholders advising them that the name change and consolidation has taken
effect and instructing them to surrender the certificates evidencing their
common shares for replacement certificates representing the number of common
shares to which they are entitled as a result of the consolidation. Until
surrendered, each certificate representing common shares prior to the
consolidation will be deemed for all purposes to represent the number of common
shares to which the holder thereof is entitled as a result of the consolidation.


In addition, the Company is pleased to announce three additions to the Company's
management.


Stacey Lepla-Martin - Chief Financial Officer

Ms. Lepla-Martin received her Production Accounting Designation (CAPPA) in 2000.
She has held the position of Joint Venture accountant at a number of Junior Oil
and Gas issuers and as a consultant to a number of small and mid-sized
companies. She has acted as the General Accountant of a mortgage investment
corporation with assets up to $120 million under construction at any one time.
She also served as corporate secretary for Railwest Canada and Railwest U.S.
Inc.


Daniel Lucero Erazo - Chief Geologist

A graduate from the National University of Colombia in Bogota, Daniel possesses
an extensive knowledge of both structural geology and sedimentology. His most
recent experience has been focused on the adaptation of high resolution seismic
for coal and hydrocarbon resource evaluation. His professional background was
derived through his employment at Kinetex Geosciences, as well as various rolls
at CoalCorp Mining, Ferrominera, CarboRio and Andicol.


Daniel has extensive experience in depositional modelling techniques, seismic
stratigraphy and computer-aided techniques for the estimation of resources and
reserves. His native language is Spanish with a strong command of the English
language.


Diana P. Cubillos - Controller

14 years of experience with an extensive background in accounting, finance and
international tax advice. Diana is bilingual, with Spanish being Diana's native
language while she is fluent in English. She holds a Bachelor's degree in
Accounting from Santa Maria University, Caracas. She also held the position of
Senior Accountant at Deloitte's for two years prior to becoming a financial
analyst at Reckitt Benckiser S.A. Her most current position was as a Tax Advisor
to Commercial Bank C.A. 


About the Company

The Company is an oil and gas exploration and development issuer with land
holdings in Williston Basin of Southern Saskatchewan; as well as over 240 kms of
Seismic Data in select geological trends of Canada.


Quattro Exploration and Production Ltd. ("QXP") continues to focus on the
conventional exploration and development of oil and natural gas reserves in
Western Canada, primarily in south central Saskatchewan. Combined with the
intention to aggressively pursue a series of high impact exploration efforts in
Central and South America, the Company intends to balance a portfolio of
activities that assures its shareholders that it achieves material growth in
both reserves and production.


Certain statements contained in this press release constitute forward-looking
statements (the "forward-looking statements"). These statements relate to future
events or our future performance. All statements other than statements of
historical fact are forward-looking statements. Forward-looking statements are
often, but not always, identified by the use of words such as "anticipate",
"budget", "plan", "continue", "estimate", "expect", "forecast", "may", "will",
"project", "potential", "target", "intend", "could", "might", "should",
"believe" and similar expressions. Forward-looking statements are 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 that could
cause actual events or results to differ materially from those anticipated in
the forward-looking statements. Specifically, forward-looking statements include
the statements made with respect to the expected timing and completion of the
name change and the consolidation. Although we believe that the expectations
reflected in the forward-looking statements are reasonable, there can be no
assurance that such expectations will prove to be correct. We cannot guarantee
future results and consequently, there is no representation that the actual
results will be the same, in whole or in part, as those set out in the
forward-looking statements.


The forward-looking statements contained in this press release are expressly
qualified by this cautionary statement. We undertake no duty to update any of
the forward-looking statements to conform such statements to actual results or
to changes in our expectations except as otherwise required by applicable
securities legislation. The reader is cautioned not to place undue reliance on
forward-looking statements.


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