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Press Releases 2005

Pethealth Amends Meeting Agenda

Oakville, ON. – May 02, 2005. Pethealth Inc. ("Pethealth" or "the Company") (TSXV: PTZ) today announced that its Board of Directors has determined not to proceed at this time with the special resolution regarding the proposed share consolidation, and has amended the agenda for the Company’s 2005 Annual and Special meeting of shareholders. The matters to be voted and reported on at the annual and special meeting of shareholders will be only in respect of the election of the Company’s directors and the reappointment of its auditors.

The annual and special meeting of shareholders will take place on May 10, 2005 at 2:00pm at the Mount Royal Club in Montreal.

About Pethealth
Founded in February 1998, Pethealth is Canada's number one provider of pet insurance and is number two in North America, currently offering its PetCare Pet Insurance Programs in 10 provinces, 48 states plus Washington, D.C. In addition to the PetCare Pet Insurance Programs, Pethealth offers its pet insurance programs under a variety of names, including QuickCare, ShelterCare and Union Plus Pet Insurance. In addition, Pethealth distributes Allflex pet microchip technology to the companion animal market in North America and operates the related pet recovery registry under the trade name 24PetWatch.

During 2004, the Company completed two innovations: PetPoint, the first web-hosted management software program for animal welfare organizations in North America, which allows shelters to easily offer the ShelterCare insurance and the 24PetWatch microchip programs electronically at the point of adoption; and EVE, the first web-based claims adjustment software for veterinary clinics in North America. This program, the first of its kind in the pet insurance industry, allows claims to be processed online at the veterinary clinic, thus simplifying the claims adjudication process.

Pethealth is based in Oakville, Ontario. To find out more about Pethealth Inc. (TSXV: PTZ), visit the web site at www.pethealthinc.com .

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Statements contained in this news release, if not historical, are forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from the results described in forward-looking statements.

Not for dissemination in the United States of America or to United States news wire services

For further information contact:
Mark Warren, President and Chief Executive Officer of Pethealth at (905) 842-2615
Glen Tennison, Chief Financial Officer of Pethealth at (905) 842-2615

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