GeneNews announces 2007 year end results (ny's cash and cash equivalentsamounted t...)

GeneNews announces 2007 year end results

Date:3/26/2008

ny's cash and cash equivalents amounted to $11,279,030.

As at December 31, 2007 the Company had 55,518,769 common shares, and 625,000 broker warrants were outstanding.

About GeneNews

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GeneNews is focused on the application of functional genomics to enable early diagnosis and personalized therapeutic intervention based on disease-specific biomarkers. The Company has developed a novel approach, the Sentinel Principle(TM), to detect and stage virtually any disease or medical condition from a simple blood sample. GeneNews is currently applying the Sentinel Principle(TM) in major areas with unmet clinical needs such as cancer, arthritis, cardiovascular disease and neurological disorders. GeneNews' first product in development, ColonSentry(TM), is a convenient and patient-friendly blood-based test that can detect colon cancer. For more information on GeneNews, visit http://www.genenews.com.

This press release contains forward-looking statements, which reflect the Company's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual events could differ materially from those projected herein. Investors should consult the Company's ongoing quarterly filings and annual reports for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements.

GeneNews Limited

CONSOLIDATED BALANCE SHEETS

(Expressed in Canadian dollars)

As at December 31

2007 2006

$ $

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GeneNews announces 2007 year end results(ny's cash and cash equivalentsamounted t...)