SAN DIEGO, CALIFORNIA - June 14, 2002 - BakBone Software™ (TSE: BKB), a global provider of storage management software, announced today financial results for the fourth fiscal quarter and the fiscal year ended March 31, 2002.

BakBone reported consolidated revenues of US$3.1 million for the fourth quarter, an increase of 84 percent over the same period in the previous fiscal year. Operating expenses for the fourth quarter were US$5.4 million, a decrease of 23 percent from the same period last year. Net loss for the fourth quarter was US$6.5 million, or US$0.13 per share. Excluding a US$2.5 million one-time charge in the fourth quarter related to the impairment of intangibles, net loss for the quarter was US$4.0 million, or US$0.08 per share. For the year ended March 31, 2002, consolidated revenues were US$9.9 million with a net loss of US$18.8 million, or US$0.46 per share.

"I am pleased by the strong results we achieved during our fourth quarter and for the fiscal year," said Keith Rickard, BakBone's President and CEO. "Not only did we post revenue growth of 98 percent over our previous fiscal year, but we did it while decreasing overall operating expenses by 10 percent and improving gross margin on revenues to 87 percent. These results were planned for and achieved during a year that saw economic slowdown throughout the world. I feel that the strength of our product offerings and increasing market demand for storage solutions will continue to provide revenue growth and increased market share for BakBone throughout fiscal year 2003."

The company will discuss the quarterly and fiscal year end results during an investors' conference call to be held Friday, June 14, 2002 at 4:30 pm Eastern Standard Time. Interested parties may participate in the call by dialing 1-800-240-2134, and requesting the "BakBone Quarterly Conference Call."

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, Suite 900, San Diego, California 92121. Its stock is listed on the Toronto Stock Exchange and is included on the S&P/TSE Composite Index, 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.

Investor relations: BakBone Software 858.450.9009 investors@bakbone.com

Disclosure and Forward Looking Statements

With the exception of historical information, the statements set forth above include forward looking statements (including but not limited to express or implied statements concerning BakBone's anticipated revenue growth and increased demand for its product) that involve risk and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include, but are not limited to: competition in our target markets; potential capital needs; management of future growth and expansion; risk of third party claims of infringement; protection of proprietary information; risks associated with strategic alliances; reliance on distribution channels; product concentration; need to develop new and enhanced products; potential product defects; our ability to hire and retain qualified employees and key management personnel; and risks associated with operations in foreign countries.

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 at 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.

All 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.