SAN DIEGO, CALIFORNIA - September 16, 2002 - BakBone Software, a global provider of nearline storage management software, today announced the availability of MagnaVault 2.3.0, the latest version of the industry-leading software for UNIX/Linux-based optical storage. MagnaVault 2.3.0 offers new global caching for faster data storage and retrieval on optical media and expanded platform support.

MagnaVault, a leader in versatile and robust system software, improves an enterprise's ability to rapidly store and retrieve documents and images to and from optical media, including CDs, DVDs and magneto-optical (MO) disks. Installed on a server, MagnaVault provides seamless data access to all existing application software and utilities.

Among the enhancements featured in MagnaVault 2.3.0:

• Global Caching for faster access to data stored on optical media. The caching feature needs little or no configuration. In many cases, directory contents are accessible to the user without media being present in the drive;
• Support for Linux 2.4, the latest Linux operating system;
• Support for Tru64 5.1;
• Improvement in UDF write performance from earlier versions, providing higher productivity and enhancing MagnaVault's reputation as the clear leader in throughput and performance in the optical storage software market;
• Enhanced device support for newer DVD and MO libraries and drives, with features such as media pack management and bar code support.

"As storage needs continue to grow and change, the need for faster data access has become essential. With global caching, information stored on optical devices is now available at hard disk speed, in many cases," said Adrian Hodgson, MagnaVault Product Manager, BakBone Software.

Pricing and Availability:

Pricing for BakBone's MagnaVault 2.3.0 begins at US$3495. The software is available on September 23, 2002 through MagnaVault's network of value-added distributors (VADs). More information is available directly from BakBone Software at (858) 450-9009.

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 backup/restore and near-line archival 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

The statements contained in this press release that are not historical in nature are forward-looking statements. Forward-looking statements are not guarantees since there are inherent difficulties in predicting future results, and actual results could differ materially from those expressed or implied in the forward-looking statements.

BakBone Software and the BakBone logo are all 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.