VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 2, 2010) - ALDA Pharmaceuticals Corp. (TSX VENTURE:APH)(OTCBB:APCSF) ("ALDA") is pleased to announce that Australian Patent Number 2007237333 has been issued by the Australian Patent Office. This new patent is a divisional of Australian Patent Number 2002322916 that was issued on January 10, 2008 and provides further protection for ALDA's T36(R) formulation until August 20, 2022. The divisional patent includes claims to additional aspects of the T36(R) formulation, including the use of T36(R) as a component of a personal lubricant, in a method of preventing or reducing the transmission of sexually transmitted diseases including Herpes, Chlamydia and HIV and as a sanitizer or cleanser in the form of creams, ointments and wipes. The divisional patent also includes claims to methods of producing T36(R).

Dr. Terrance Owen, President & CEO, states, "This new Australian patent is another important asset in our intellectual property portfolio because it provides additional protection for T36(R). It also ties in well with our strategy of registering T36(R) for therapeutic applications and complements the more recent PCT application which covers a number of additional therapeutic applications."

About ALDA Pharmaceuticals Corp.

ALDA is focused on the development of infection-control therapeutics derived from its patented T36(R) technology. The company trades on the TSX Venture Exchange under the symbol APH and on the OTCBB under the symbol APCSF. The Company is the Official Supplier of the Vancouver 2010 Olympic Winter Games, Vancouver 2010 Paralympic Winter Games, the Canadian Olympic Committee, the 2010 Canadian Olympic Team and the 2012 Canadian Olympic Team for antiseptic hand sanitizer, disinfectant and disinfectant cleaning products. The Company has also been selected as one of the TSX Venture 50 companies in the Technology and Life Sciences sector for 2010.

Terrance G. Owen, Ph.D., MBA, President & CEO