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Oncolytics Biotech(R) Inc. Announces Second Quarter 2010 Results
Date:7/29/2010

591,587 ----------------------------------------------------------- 8,313,259 133,409,472 ----------------------------------------------------------- Loss before the following: 8,313,259 133,099,472 Interest income (20,856) (6,582,569) Gain on sale of BCY LifeSciences Inc. - (299,403) Loss on sale of Transition Therapeutics Inc. - 2,156,685 ----------------------------------------------------------- Loss before income taxes 8,292,403 128,374,185 Future income tax recovery - (1,093,000) ----------------------------------------------------------- Net loss and comprehensive loss for the period 8,292,403 127,281,185 ----------------------------------------------------------- ----------------------------------------------------------- Basic and diluted loss per share 0.18 --------------------------------------------- --------------------------------------------- Weighted average number of shares (basic and diluted) 45,659,353 --------------------------------------------- --------------------------------------------- Oncolytics Biotech Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) Three Month Three Month Six Month Period Period Period Ending June Ending June Ending June 30, 2010 30, 2009 30, 2010 $ $ $ ------------------------------------------------------------------------- OPERATING ACTIVITIES Net loss for the period
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