Press Release: Source Los Alamos National Laboratory

Biomagnetics Receives its First handheld Integrated Optical Biosensor (IOBS) From Los Alamos National Security

SAN FRANCISCO-- April 20, 2010 (BUSINESS WIRE)--Biomagnetics Diagnostics Corp., (PINK SHEETSBMGP - News) a developer of revolutionary diagnostic systems and technology for HIV, hepatitis, tuberculosis and malaria detection, today announced it has received its first handheld integrated optical biosensor (IOBS) unit from Los Alamos National Security, LLC.

IOBS are a relatively new classification of pathogen detection equipment that use advanced fiber optic-based technology to detect a wide variety of human and animal pathogens. These devices are specifically designed to be field deployable and ultraportable, allowing for the rapid detection of various viral and bacterial pathogens by relatively un-trained personnel outside of the laboratory setting.

Near the end of 2009, the Company completed an agreement with Los Alamos National Security, which provides access to some of the most technologically advanced and exciting biosensor technology in existence. The version of the IOBS Biomagnetics plans to introduce into the market later this year is revolutionary in that the platform is specifically designed to be operated by personnel with only minimal training and to provide a cost per test profile significantly below that of any other competitive technology.

"We believe the receipt of this first integrated optical biosensor unit from Los Alamos will allow us to accelerate both our clinical trial and marketing efforts, commented Clayton Hardman, CEO of Biomagnetics Diagnostics. “Over the short term we plan to begin several clinical studies for malaria and tuberculosis diagnostics and to further expand our distribution reach."

About Biomagnetics Diagnostics Corp.

Biomagnetics Diagnostics Corporation is an advanced medical device and biotechnology company. The Company’s revolutionary diagnostic systems, which are based on advanced magnetics, test for any viral or bacterial disease using any body fluid. The Company's technology allows laboratories to perform far more tests in the same amount of time it takes to do a single test. The HTS-MTP platform is designed to detect the actual virus and viral load in body fluids and not just simply screen for the presence of viral antibodies. More information on Biomagnetics Diagnostics Corp. can be seen at www.BiomagneticsBMGP.com.

Contacts:
Joe Noel, 925-922-2560
Biomagnetics Diagnostics Corp.