Serrano Resources Ltd.TSXV: SC.H

Shoppers Drug Mart Corporation to release fourth quarter results on February 5 and hold analyst conference call

· Issued by Serrano Resources Ltd. via CNW

TORONTO, Jan. 8 /CNW/ - Shoppers Drug Mart Corporation (TSX: SC) today announced that on Tuesday, February 5, 2008, it will release financial results for its fourth quarter and fiscal year ended December 29, 2007.

The Company will hold an analyst call on February 5, 2008 at 3:30 p.m. (Eastern Standard Time) to discuss the results. The call may be accessed by dialing 416-641-6114 from within the Toronto area, or 1-866-696-5895 outside of Toronto. The call will also be simulcast on the Company's website for all interested parties. The webcast can be accessed via the Investor Relations section of the Shoppers Drug Mart website at www.shoppersdrugmart.ca.

The conference call will be archived in the Investor Relations section of the Shoppers Drug Mart website until the Company's next analyst call. A playback of the call will also be available by telephone until 11:59 p.m. (Eastern Standard Time) on February 19, 2008. The call playback can be accessed after 5:00 p.m. (Eastern Standard Time) on Tuesday, February 5, 2008 by dialing 416-695-5800 from within the Toronto area, or 1-800-408-3053 outside of Toronto. The seven-digit passcode number is 3247559.

Shoppers Drug Mart Corporation is one of the most recognized and trusted names in Canadian retailing. The Company is the licensor of full-service retail drug stores operating under the name Shoppers Drug Mart (Pharmaprix in Quebec). With more than 1,050 Shoppers Drug Mart and Pharmaprix stores operating in prime locations in each province and two territories, the Company is one of the most convenient retailers in Canada. The Company also owns and operates 63 Shoppers Home Health Care stores, making it the largest Canadian retailer of home health care products and services. In addition to its retail store network, the Company also own MediSystem Technologies Inc., a provider of pharmaceutical products and services to long-term care facilities in Ontario and Alberta.

%SEDAR: 00016987EF

Company analysis