January 10, 2012 - Toronto, Ontario - Shoppers Drug Mart Corporation (TSX: SC) today announced that on Thursday, February 9, 2012, it will release financial results for its fourth quarter ended December 31, 2011.

The Company will hold an analyst call on February 9, 2012 at 3:00 p.m. (Eastern Standard Time) to discuss the results.  The call may be accessed by dialing 416-695-7806 from within the Toronto area, or 1-888-789-9572 outside of Toronto.  The seven-digit participant passcode is 8845571.  The call will also be simulcast on the Company's website for all interested parties.  The webcast can be accessed via the Investor Relations section of the Shoppers Drug Mart .

The conference call will be archived in the Investor Relations section of the Shoppers Drug Mart website until the Company's next analyst call.  A playback of the call will also be available by telephone until 11:59 p.m. (Eastern Standard Time) on February 23, 2012.  The call playback can be accessed after 5:00 p.m. (Eastern Standard Time) on February 9, 2012 by dialing 905-694-9451 from within the Toronto area, or 1-800-408-3053 outside of Toronto.  The seven-digit passcode number is 7754215.

Shoppers Drug Mart Corporation is one of the most recognized and trusted names in Canadian retailing.  The Company is the licensor of full-service retail drug stores operating under the name Shoppers Drug Mart (Pharmaprix in Québec).  With more than 1,200 Shoppers Drug Mart and Pharmaprix stores operating in prime locations in each province and two territories, the Company is one of the most convenient retailers in Canada.  The Company also licenses or owns 60 medical clinic pharmacies operating under the name Shoppers Simply Pharmacy (Pharmaprix Simplement Santé in Québec) and eight luxury beauty destinations operating as Murale.  As well, the Company owns and operates 63 Shoppers Home Health Care stores, making it the largest Canadian retailer of home health care products and services.  In addition to its retail store network, the Company owns Shoppers Drug Mart Specialty Health Network Inc., a provider of specialty drug distribution, pharmacy and comprehensive patient support services, and MediSystem Technologies Inc., a provider of pharmaceutical products and services to long-term care facilities in Ontario and Alberta.

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For further information:

Media Contact:
Tammy Smitham
Director, Communications & Corporate Affairs
(416) 490-2892, or
corporateaffairs@shoppersdrugmart.ca
(416) 493-1220, ext. 5500


Investor Relations:
(416) 493-1220, ext. 5678
investorrelations@shoppersdrugmart.ca

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