Forbes Medi-Tech Signs Reducol(TM) Licensing and Distribution Agreement with Marco Hi-Tech

VANCOUVER, BRITISH COLUMBIA, Mar 26, 2004 -- Forbes Medi-Tech Inc. (TSX:FMI and NASDAQ:FMTI) today announced that it has signed a Licensing and distribution agreement for its cholesterol-lowering ingredient, Reducol(TM), with Marco Hi-Tech JV LLC of New York, N.Y. Under the terms of the co-exclusive four-year contract, Forbes will supply Reducol(TM) to Marco Hi-Tech for distribution to dietary supplement manufacturers. These manufacturers are expected to incorporate the ingredient into a variety of cholesterol-lowering supplements to be sold in natural health food stores across the United States.

'Marco Hi-Tech is a supplier of natural supplement ingredients targeting large demographic categories,'said Mark Levitt, Vice President of Sales at Marco Hi-Tech. 'The importance of cholesterol management is growing in light of new research concerning the cardiovascular benefit of lowering cholesterol beyond levels previously recommended by most physicians. A clinically proven, proprietary ingredient, such as Reducol(TM), is clearly an important product and carries a distinct advantage when targeting this bourgeoning cholesterol-lowering market.'

'Marco Hi-Tech is an established supplier, with a substantial amount of marketing expertise and access to sales distribution channels,'said Jeff Motley, Vice President of Sales at Forbes Medi-Tech Inc. 'This is an important step in the continued successful commercialization of Reducol(TM) as Marco Hi-Tech has the capabilities to penetrate this growing market.'

About Marco Hi-Tech JV LLC

Marco Hi-Tech, headquartered in New York City with offices in China, has been developing and supplying quality bulk raw materials to the Nutritional and Dietary Supplement market since 1996. The Company's core business focus is to supply quality ingredients to fill the development pipeline in the Weight loss, Energy &Sports, Women's Health and Joint Care categories. Marco Hi-Tech is the largest supplier of Green Tea extracts in the U.S.

About Forbes Medi-Tech Inc.

Forbes Medi-Tech Inc. is a biopharmaceutical company dedicated to the research, development and commercialization of innovative prescription pharmaceutical and nutraceutical products for the prevention and treatment of cardiovascular and related diseases. Forbes'scientific platform is based on core sterol technology. By extracting plant sterols from by-products of the forestry industry, Forbes has developed cholesterol-lowering agents for use in pharmaceutical compounds, functional foods and dietary supplements.

This News Release may contain certain forward-looking statements, which statements can be identified by the use of forward-looking terminology such as 'may', 'will', 'expect', 'anticipate', 'estimate', 'predict', 'plans', or 'continue', 'for use in', or the negative thereof or any other variations thereon or, or that events or conditions 'will,''may,''could'or 'should'occur, or comparable terminology referring to future events or results. The Company's actual results could differ materially form those anticipated in these forward-looking statements as a result of numerous factors, including research and development risks; the need for regulatory approvals; the risk of technical obsolescence; intellectual property risks; marketing/manufacturing and partnership/strategic alliance risks; product liability and insurance risks; the effect of competition; uncertainty of the size and existence of a market opportunity for the Company's products; uncertainty as to whether any pharmaceutical products will be developed and marketed successfully or at all; and the Company's need for future funding; any of which could cause actual results to vary materially from current results or the Company's anticipated future results. See the Company's reports filed with the Canadian and U.S. securities regulatory authorities from time to time for cautionary statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties, that could cause actual results to differ materially from results referred to in forward-looking statements. The Company assumes no obligation to update the information contained in this News Release.

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