SAN DIEGO, CALIFORNIA - May 20, 2002 - BakBone Software™ (TSE: BKB), a global provider of storage management software announced today preliminary revenue results for the fourth fiscal quarter ended March 31, 2002 as well as the fiscal year ended March 31, 2002. Final reported results for the quarter are expected to show revenue growth of 84% over the corresponding quarter of last fiscal year and the company expects to report annual revenue growth of 98% over the previous fiscal year's results.

BakBone's final reported results for the fourth fiscal quarter ended March 31, 2002 as well as the fiscal ended March 31, 2002 are expected to be released on June 14, 2002, after the close of market. Following the release, BakBone will host a conference call by management at 4:30 Eastern Standard Time to discuss the audited results of the fiscal year ended March 31, 2002.

"Our fourth quarter showed continued revenue growth and was marked by several milestones.” said Keith Rickard, BakBone's President and CEO. "Not only did we surpass single month sales of one million in February and March but we achieved our second consecutive quarter of revenues in excess of one million dollars in our Pacific Rim operation. I am encouraged by our continued growth and the associated achievements in the fourth quarter and I am expecting another solid growth quarter in this the first quarter of fiscal 2003 based on strong sales pipelines worldwide and increased product acceptance.”

About BakBone Software, Inc.

BakBone Software (TSE: BKB) 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 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.

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 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.

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