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CORRECTION -- StemCells, Inc. Closes $10 Million Debt Financing

NEWARK, Calif., April 9, 2013 (GLOBE NEWSWIRE) -- In a press release issued under the same headline earlier today by StemCells, Inc. (Nasdaq:STEM), please note that in the first paragraph of the release, the pro forma cash balance date should be December 31, 2012, not December 31, 2013. All other data was correct.

CONTACT: Rodney Young
         StemCells, Inc.
         Chief Financial Officer
         (510) 456-4128

         Ian Stone
         Russo Partners
         (619) 308-6541

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StemCells, Inc.