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GeneNews announces 2007 year end results
Date:3/26/2008

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Commitments and contingencies

Shareholders' equity

Capital stock 44,290,930 44,234,409

Contributed surplus 2,733,562 2,255,390

Deficit (33,348,130) (23,714,085)

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Total shareholders' equity 13,676,362 22,775,714

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18,848,010 24,699,618

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Note: The full financial statements with notes and auditors' report are

found on SEDAR

GeneNews Limited

CONSOLIDATED STATEMENTS OF

OPERATIONS AND DEFICIT

(Expressed in Canadian dollars)

Years ended December 31

2007 2006

$ $

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REVENUE

Milestone revenue 1,666,236 567,850

Upfront payment revenue 501,476 2,112,323

Fees for services - 603,095

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2,167,712 3,283,268

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EXPENSES

Research and development 8,902,433 9,518,
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SOURCE GeneNews Limited
Copyright©2008 PR Newswire.
All rights reserved

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