SAN DIEGO, CALIFORNIA - February 27, 2002 - BakBone Software™ (TSE: BKB), a global provider of storage management software, today announced completion of the registration process with the U.S. Securities and Exchange Commission (SEC). This represents the successful conclusion of the Form 20-F filing initiated by the company last year.

"We are very pleased to receive clearance on our 20-F from the SEC," said John Fitzgerald, BakBone's Chief Financial Officer. "This is a key step towards our ultimate goal of listing on a U.S. stock exchange and we are currently evaluating our options on both the NASDAQ and the AMEX. Once the listing pre-requisites are satisfied, we will move forward."

About BakBone Software, Inc.

BakBone Software (TSE: BKB - news) is an international storage management software company that develops and globally distributes high-performance software solutions to the network storage and open systems markets. BakBone's near-line archival and backup/restore software suites provide scalable data protection from the workgroup to the enterprise. Founded in 2000, BakBone Software's products are used by companies worldwide, and are distributed through a network of OEMs and solution providers.

BakBone's corporate headquarters is located at 10145 Pacific Heights Boulevard, San Diego, California 92121. Its stock is listed on the Toronto Stock Exchange and is included on the TSE 300 Composite, S&P/TSE Canadian SmallCap and TSE 200 indices. For more information on BakBone products, call (866) 484-2663, e-mail sales@bakbone.com, or access BakBone's web site at www.bakbone.com.

Safe Harbor

Our forward-looking statements should be considered in the context of these and other risk factors disclosed in our most recent report filed with the Canadian Securities Administrators, which is available on the SEDAR disclosure system (www.sedar.com) and/or those risk factors disclosed in the current report filed with the United States Securities and Exchange Commission which may be found at www.sec.gov/edgar.

All future written and oral forward-looking statements made by us or on our behalf are also subject to these factors. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

BakBone Software, and the BakBone logo are trademarks or registered trademarks of BakBone Software, Inc., in the United States and/or in other countries. All other brands, products or service names are or may be trademarks, registered trademarks or service marks of, and used to identify, products or services of their respective owners.