SAN DIEGO, CALIFORNIA - April 24, 2003 - BakBone Software, a global provider of data recovery software, announced today preliminary revenue results for the fiscal year ended March 31, 2003. Final reported results for the fiscal year are expected to show revenue in line with management’s previous guidance of US$18.0 million to US$18.5 million, which represents growth in excess of 82% over revenues for the previous fiscal year.

“I am pleased to say that we closed another year of strong results in an economic environment proving challenging for many companies.” said Keith Rickard, BakBone’s President and CEO. “We grew revenues to a level consistent with our guidance, we continued to control our operating expenses, we added industry leading OEM partners, we closed deals with some of the world’s leading companies and now we are preceding into a new fiscal year that will bring profitability to our company.”

“The fourth quarter of fiscal year 2003 produced another key milestone.” said John Fitzgerald, BakBone’s Chief Financial Officer. “For the first time in our history, we were cash flow positive from our operations. In fact, we closed fiscal year 2003 with a cash balance of approximately US$5.0 million.”

BakBone’s final reported results for the fourth fiscal quarter ended March 31, 2003, as well as the fiscal year ended March 31, 2003, are expected to be released on May 20, 2003. Following the close of market on May 20, BakBone will host a conference call by management at 4:30 Eastern Standard Time to discuss the final results of the quarter and fiscal year ended March 31, 2003.

About BakBone Software, Inc.

BakBone Software (OTCBB: BKBOF, 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 backup and recovery software provides 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. 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

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 profitability) 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.