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

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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