IsoRay (ISR) to Offer Common Stock

Isoray, Inc. (NYSE AMERICAN: ISR) announced that it intends to offer and sell shares of its common stock in an underwritten public offering. All shares of common stock will be sold by Isoray. In addition, Isoray intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering. The proposed offering is subject to market and other conditions. There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Oppenheimer & Co. Inc. is acting as the sole book-running manager for the proposed offering.

The Company intends to use the net proceeds of the offering to fund operations, research and development efforts, potential future acquisitions of complementary businesses or technologies, sales and marketing initiatives, and for general corporate purposes, including general and administrative expenses, capital expenditures, and for general working capital purposes.

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