Pethealth Inc. Announces Dividend on Series I 6% Convertible Preference Shares

The Board of Directors of Pethealth Inc. (“Pethealth” or “the Company”) (TSX-V: PTZ) today announced that they declared a dividend of $0.12 per series I 6% convertible preference shares (the “Convertible Preference Shares”), payable on January 31, 2006 to the holders of record at the close of business on January 20, 2006. On January 21, 2004, by way of private placement, Pethealth issued 5,000,000 Convertible Preference Shares. Holders of Convertible Preference Shares are entitled to receive cumulative dividends at the fixed rate of 6% per annum, equal to $0.12 per convertible Preference Share.