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Microbix Sales Grow 22% For Nine Months
Date:8/6/2009

the Company."

Financial Results

For the quarter ended June 30, 2009, the Company recorded a net loss of $672,366 or one cent a share compared to a loss of $945,111 or three cents a share in the same period in fiscal 2008. The company's negative cash position improved by 99.9% to $ 26,661 for the third quarter 2009 compared to negative cash flow $ 1,079,492 in the same period in 2008.

A lower loss for the third quarter compared to 2008 reflected restructuring activities, the reduction in product pipeline expenditures and stable revenues compared to the same period in 2008. Losses associated with research and development will decline as development activities will be contributed by licensing partners.

Capital expenditures will decline as major investments are completed. Pipeline projects are going to be financed through non dilutive agreements with partners. Microbix continues its corporate restructuring to conserve cash and eliminate its burn rate in order to ensure its pipeline products reach their full potential. The growth in sales in the next 12 months is expected to be accretive to the Company's projected positive cash flows.

                                Three Months Ended       Nine months ended
                                      June 30                 June 30
                              ----------------------- -----------------------
                                    2009        2008        2009        2008
                                    ----        ----        ----        ----
                                       $           $           $           $
    Sales                      1,391,435   1,517,150   4,568,163   3,733,773

    Net Profit (loss)           -672,366    -945,111  -1,768,868  -3,227,795

    Net Profit (loss) per share    -0.01       -0.02       -0.03       -0.06

    Cash Flow                    -26,661  -1,079,492  -2,633,439   2,751,746
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SOURCE Microbix Biosystems Inc.
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