Business Editors

VANCOUVER , British Columbia----April 18,
2005--Cryopak Industries Inc. (TSX VENTURE: CYK) ("Cryopak") is
pleased to announce that it has completed the closing of the second
tranche of its previously announced private placement and has raised
gross proceeds of C$360,000.
"This is the first time we found that subjects who exercised with CLHT had
70% less lower back pain, 139% greater reduction in disability and 95%
improvement in functional ability as compared to subjects who exercised
without CLHT.

The Foundation is dedicated to conduct clinical research
to: 1) Assess products, services, and interventions that have the potential
to enhance musculoskeletal function, expedite recovery from injury, or prevent
functional loss, and 2) Develop and assess novel measurement systems for
musculoskeletal function. Please visit
http://www.

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com

ON BEHALF OF THE BOARD OF DIRECTORS

Martin Carsky, President and CEO

Certain statements contained herein are "forward-looking "
statements (as such term is defined in the Private Securities Reform
Act of 1995).

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Our
clients include some of North America's leading retailers and consumer
goods companies, as well as global pharmaceutical companies.

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," said John Mayer, Ph.S.

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These products are marketed under such
popular brand names as Ice-Pak(TM), Flexible Ice(TM) Blanket, Simply
Cozy(R), and Flex Pak(TM).

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About Cryopak

With facilities in Vancouver and Montreal, we are a leading
provider of temperature -controlling products and solutions.

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A finder's
fee of C$3,900 was paid in connection with the private placement.
Treatment was administered for five consecutive days and included four visits
to the study center over one week.spineandsport.

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, Director of Research at U.

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Includes sites that sell hot/cold packs.

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Because such statements include risks and uncertainties,
actual results may differ from those expressed or implied by such
forward-looking statements. However, earlier clinical studies have shown that CLHT
can reduce muscle and joint pain better than the oral analgesics,
acetaminophen and ibuprofen.

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The results of the study were
presented today at the 2005 Annual Meeting of the International Society for
the Study of the Lumbar Spine.6 years) with
non-specific low back pain of less than three months duration were randomized
to one of four groups: CLHT alone (ThermaCare Heatwraps, n=25 ); directional
preference-based exercise alone (Exercise, n=25); combination of CLHT and
exercise (CLHT+Exer, n=24); or control (Instructional Booklet, n=26).

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In our pharmaceutical business, we engineer
solutions and supply products that help our customers safely transport
their temperature sensitive pharmaceuticals.com/foundation for more information about the
Foundation.

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The Debentures and
common shares issuable upon their conversion are subject to a
four-month hold period which will expire on August 7, 2005. Over the past few years
we have evolved into a recognized player in this growing segment as we
assist customers in optimizing their cold chain processes. Our shares
are listed on the TSX Venture Exchange under the symbol CYK. "Simply wearing a portable heat wrap in conjunction with
exercise cut pain and disability approximately in half.

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Under the private placement , Cryopak has
issued Secured Subordinate Convertible Debentures (the "Debentures")
with a total principal amount of C$1,644,000. In our
retail business, we develop, manufacture and sell reusable ice
substitutes, flexible hot and cold compresses, reusable gel ice and
instant hot and cold packs .

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Spine +
Sport Foundation.

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2+/-10.

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For more
information about our Company, please visit our website address at:
www.cryopak. But little is known about the additive effects
of a combination treatment of palliative processes such as CLHT with exercise
in acute low back pain. Spine + Sport Foundation is a non-profit research and education
organization that was founded in 1994 by Vert Mooney, M.

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D."

About the Study
In the study one hundred patients (age 31.

About US Spine and Sport Foundation
U.D.

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NEW YORK, May 11, 2005 -- A new study released today supports
that continuous low-level heat wrap therapy (CLHT) can significantly reduce
acute low back pain and improve functional outcomes in patients who use CLHT
with exercise as compared to those who do not.

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Cryopak Announces Second Closing of Private Placement

New Study Shows Low-Level Heat Wrap Therapy Can Significantly Reduce Acute Low Back Pain

Restorative exercise and physical therapy are common modalities for
treating acute low back pain. Outcome measures were functional ability
assessed by the Multidimensional Task Ability Profile, disability assessed by
the Roland-Morris Disability Questionnaire, and pain relief assessed by a 6-
point verbal rating scale., a world-renowned
orthopedic surgeon.

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