Ottawa, Canada, Nov 27, 2001 -- Validian Corporation, (OTC BB - "VLDI")

Validian signs letter of intent for acquisition of PNCglobal Inc.

Validian announces the signing of a letter of intent to acquire PNCglobal Inc., a private firm offering an innovative multi-application user authentication solution for e-commerce and privilege management.

This CD card-based solution is well adapted to the Internet market and already has applications in the fields of secure e-payment, B2B and B2C transactions as well as in financial and health services.

The solution provides strong 2-factor authentication of the user, combining the characteristics of the CD card and the identification of the user. It is the first security solution on the market to provide protection against key-logger viruses. Security of the solution has been certified by the KPMG Information Risk Management Group in North America. The solution uses a standard CD reader, does not require pre-installed software or hardware and does not leave any information on the computer. When used in an e-payment environment, the solution prevents actual credit card numbers from circulating over the Internet and requires no modification to merchant sites to benefit from the authentication and payment technology. Its innovative multi-application architecture makes it especially well suited for financial institutions wanting to offer a secure, multi-services authentication card for online banking, stock transactions and bill presentment and payment. It can be used today from every computer in the world including any publicly available computer found in an Internet cafe or an airport.

PNCglobal already has prestigious customers in North America and Japan.

PNCglobal technology integrates smoothly with Validian ASI technology and facilitates the development of products to address difficulties experienced by developers to design and deploy end-to-end secure applications, especially those associated with security and privacy through the Internet.

Validian develops and markets technology and tools, which allow its customers to rapidly develop and deploy secure, interactive, distributed applications using the Internet as the communication medium. The Company offers products that secure the links between all participants in distributed applications and provide a unique 2-factor authentication of users. Validian products can be implemented easily into existing applications or integrated into software development environments.

The Company sells its software to developers and companies using interactive, distributed applications and for whom the issues of security of communication, non-repudiation and speed of development are paramount.

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.