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Helix BioPharma announces Q1 2008 financial results
Date:12/17/2007

(1,612) (1,313)

Income taxes 32 29

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Loss for the period (1,644) (1,342)

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Loss per share: (0.05) (0.04)

Basic and Diluted (0.05) (0.04)

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Consolidated Statements of Cash Flows

for the three month period ended October 31

(thousand $)

2007 2006

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Cash provided by (used in):

Loss for the period (1,644) (1,342)

Items not involving cash:

Amortization of capital assets 66 77

Amortization of intangibles 7 40

Stock-based compensation 12 12

Foreign exchange loss 108 45

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(1,451) (1,168)

Change in non-cash working capital (192) (260)

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Operating activities (1,643) (1,428)

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SOURCE Helix BioPharma Corp.
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