August 3, 2011

Oncolytics Biotech(R) Inc. to Present at 31st Canaccord Genuity Growth Conference

CALGARY, Aug. 3, 2011 /PRNewswire/ - Dr. Brad Thompson, President and CEO of
Oncolytics Biotech Inc. (TSX: ONC) (NASDAQ: ONCY), will present a
corporate overview of the Company at the 31(st) Canaccord Genuity Growth Conference on Wednesday, August 10(th), 2011 at 3:00 p.m. ET. The conference will take place from August 9(th) to 11(th) at the InterContinental Hotel in Boston, MA.

A live audio link to the webcast presentation will be available at:, or on the company's website at   It is recommended that listeners log on 15 minutes in advance of the
presentation to register and download any necessary software.

An audio replay will be accessible approximately one hour following the
presentation on the Oncolytics website.

About Oncolytics Biotech Inc.

Oncolytics is a Calgary-based biotechnology company focused on the
development of oncolytic viruses as potential cancer therapeutics. 
Oncolytics' clinical program includes a variety of human trials
including a Phase III trial in head and neck cancers using REOLYSIN(®), its proprietary formulation of the human reovirus. For further
information about Oncolytics, please visit:

The presentation and webcast times are subject to change. This release
and the presentation related thereto contain forward-looking statements
which involve known and unknown risks, delays, uncertainties and other
factors not under the Company's control and which may cause actual
results, performance or achievements of the Company to be materially
different from the results, performance or expectations implied by
these forward-looking statements
. Such risks and uncertainties include, among others, the efficacy of
REOLYSIN as a cancer treatment, the success and timely completion of
clinical studies and trials, uncertainties related to the research and
development of pharmaceuticals and uncertainties related to the
regulatory process. Investors should consult the Company's quarterly
and annual filings with the Canadian and U.S. securities commissions
for additional information on risks and uncertainties relating to the
forward-looking statements. Investors are cautioned against placing
undue reliance on forward-looking statements. The Company does not
undertake to update these forward-looking statements, except as
required by applicable laws.

SOURCE Oncolytics Biotech Inc.