TORONTO, June 7, 2010 (GLOBE NEWSWIRE) -- Transition Therapeutics Inc. ("Transition" or the "Company") (TSX:TTH) (Nasdaq:TTHI) announced today that Dr. Tony Cruz, Chairman and Chief Executive Officer of Transition, will be presenting at two upcoming conferences:

9 th Annual Needham Healthcare Conference on Wednesday, June 9, 2010 at 8:40am Eastern Time at New York Palace Hotel in New York City;

Jefferies 2010 Global Life Sciences Conference on Thursday, June 10, 2010 at 8:30am Eastern Time at the Grand Hyatt Hotel in New York City.

About Transition

Transition is a biopharmaceutical company developing novel therapeutics for disease indications with large markets. Transition's lead products include ELND005 (AZD-103) for the treatment of Alzheimer's disease and TT-223 for the treatment of diabetes. Transition has an emerging pipeline of preclinical drug candidates acquired externally and developed internally using its proprietary drug discovery engine. Transition's shares are listed on the NASDAQ under the symbol "TTHI" and the Toronto Stock Exchange under the symbol "TTH". For additional information about the Company, please visit www.transitiontherapeutics.com.

Notice to Readers: Information contained in our press releases should be considered accurate only as of the date of the release and may be superseded by more recent information we have disclosed in later press releases, filings with the OSC, SEC or otherwise. Except for historical information, this press release may contain forward-looking statements, relating to expectations, plans or prospects for Transition, including conducting clinical trials and potential efficacy of its products. These statements are based upon the current expectations and beliefs of Transition's management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include factors beyond Transition's control and the risk factors and other cautionary statements discussed in Transition's quarterly and annual filings with the Canadian commissions.

For further information on Transition, visit www.transitiontherapeutics.com

CONTACT:  Transition Therapeutics Inc.          Dr. Tony Cruz, Chief Executive Officer            416-260-7770, x.223            tcruz@transitiontherapeutics.com          Elie Farah, President & Chief Financial Officer                        416-260-7770, x.203            efarah@transitiontherapeutics.com          101 College Street, Suite 220          Toronto, Ontario, M5G 1L7, Canada