DMA Diamedica Therapeutics

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THE UNITED STATES


DiaMedica Inc. (TSX VENTURE:DMA), is pleased to announce the completion today of
its previously announced short form prospectus offering (the "Offering").
Pursuant to the Offering, DiaMedica issued a total of 2,888,910 units (the
"Units") at a price of $0.90 per Unit for aggregate gross proceeds of
approximately $2.6 million. Each Unit comprises one common share in the capital
stock of the Company (a "Common Share") and one half of one common share
purchase warrant (a "Warrant"), with each whole Warrant entitling the holder
thereof to acquire an additional Common Share until December 23, 2015 at a price
of $1.10 per share. The expiry date of the Warrants is subject to acceleration
if the volume-weighted average trading price of the Common Shares on the TSX
Venture Exchange exceeds $1.60 per share for a period of 10 consecutive trading
days. The amount of the Offering included 110,910 Units issued and sold pursuant
to partial exercise at the time of closing of the over-allotment option that was
granted to Jordan Capital Markets Inc., as the agent in connection with the
Offering. 


"This Offering will be used to fund DiaMedica's research and development,
including a Phase II clinical trial for Type 2 diabetes, and for working capital
and general and administrative purposes," said Rick Pauls, President and CEO of
DiaMedica.


About DiaMedica

DiaMedica Inc. (TSX VENTURE:DMA) is a biotechnology company developing
first-in-class treatments for the treatment of diabetes. DiaMedica's lead
compound, DM199, is a recombinant human protein for the treatment of both Type 1
and Type 2 diabetes and their complications. The Company is also developing the
first therapeutic GPCR agonist monoclonal antibody, DM204, for the treatment of
Type 2 diabetes and cardiovascular disease. DiaMedica's shares trade on the TSX
Venture Exchange (TSXV: DMA). For more information please visit
www.diamedica.com.


FORWARD-LOOKING STATEMENTS 

The statements made in this press release that are not historical facts contain
forward-looking information that involves risk and uncertainties. All
statements, other than statements of historical facts, which address DiaMedica's
expectations, should be considered forward-looking statements. Such statements
are based on management's exercise of business judgment as well as assumptions
made by and information currently available to management. When used in this
document, the words "may", "will", "anticipate", "believe", "estimate",
"expect", "intend" and words of similar import, are intended to identify any
forward-looking statements. You should not place undue reliance on these
forward-looking statements. These statements reflect a current view of future
events and are subject to certain risks and uncertainties as contained in the
Company's filings with Canadian securities regulatory authorities. Should one or
more of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results could differ materially from those
anticipated in these forward-looking statements. The Company undertakes no
obligation, and does not intend, to update, revise or otherwise publicly release
any revisions to these forward-looking statements to reflect events or
circumstances after the date hereof, or to reflect the occurrence of any
unanticipated events. Although management believes that expectations are based
on reasonable assumptions, no assurance can be given that these expectations
will materialize.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of the contents of this News
Release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
DiaMedica
Rick Pauls
President and CEO
763-710-4455
info@diamedica.com

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