Geneva, Switzerland, March 7th, 2001 -- Validian Corporation, (OTC BB - "VLDI")

The alpha version of Validian core technology delivered

Validian announces that the alpha version of its Core Technology has been delivered by its engineering group and has undergone successful testing.

The alpha version includes the following components: the Validian Virtual Messaging Protocol, the Validian Addressing Scheme, the Validian Desktop and the Validian GUI, which have been used to create various applications. The Service Agents were running on a Windows NT platform and user stations were running equally well on NT, Unix and Linux platforms. All graphic interfaces automatically had identical appearances on all platforms. The main application was of e-commerce, with a full 2-phase commit mechanism.

The successful testing of the alpha version supports the marketing strategy of the Company to introduce several new products, during the next few months, each product based on one or more of the Validian Technology components. These products solve difficulties currently experienced by many application developers and users, including security breaches and viruses. These products will be the subject of future news releases.

Validian designs, develops and distributes software to facilitate the implementation of e-commerce, e-banking and other distributed, interactive applications. These applications may run on the Internet or on any other communication network.

Validian enables portal operators, financial institutions, businesses and consumers to enter into e-commerce and e-banking with a degree of security not otherwise available in the market today.

Validian Technology is based on a 3-level Master - Agents - Client Circular Architecture, not on the traditional 2-level Client Server Architecture. Applications developed using Validian Technology can interact with most computer environments and operating systems (Windows, Unix or Linux) and any electronic device (palmtops, PCs, mobile phones, television set-top boxes, game stations) linked to the Internet.

Validian operates in North America and Europe.

Investors should carefully consider the preceding information as well as information contained in this news release before making an investment in the shares of the company. Information contained in this news release contains "forward looking statements", which can be identified by the use of forward-looking terminology such as "believes," expects," "may," "should," or "anticipates" or negative thereof or given that the future results covered by such forward -looking statements will be achieved. The preceding matters constitute cautionary statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future statements. Other factors could also cause actual results to vary materially from the future results covered in such forward-looking statements.

Contact:
André Maisonneuve
Validian Corporation
Telephone: 613-230-7211
Fax: 613-230-6055
e-mail: andre.maisonneuve@validian.com

"Safe Harbor" Statements under the Private Securities Litigation Reform Act of 1995: Investors should carefully consider the preceding information as well as information contained in this news release before making an investment in the shares of the company. Information contained in this news release, which are not historical facts, including those that refer to Validian’s plans, beliefs and intentions, are "forward looking statements", which can be identified by the use of forward-looking terminology such as "believes," expects," "may," "should," or "anticipates" or negative thereof or given that the future results covered by such forward -looking statements will be achieved. The preceding matters constitute cautionary statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future statements as a result of certain factors set forth under Risk Factors and elsewhere in the Company’s Annual Report on Form 10-KSB with the Securities and Exchange Commission on April 14, 2005.