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Oncolytics Biotech(R) Inc. Reports Highlights and Financial Results for 2008
Date:3/4/2009

---------------------- Revenue Rights revenue - - - 310,000 ------------------------------------------------------------------------- - - - 310,000 ------------------------------------------------------------------------- Expenses Research and development 13,351,875 12,385,743 11,378,998 74,531,777 Operating 4,311,575 3,826,195 3,630,144 24,837,025 Stock based compensation 64,039 539,156 403,550 4,768,844 Foreign exchange (gain) loss (68,283) 8,862 35,270 589,427 Amortization - intellectual property 361,500 361,500 361,500 3,434,250 Amortization - property and equipment 48,754 40,714 52,638 497,151 ------------------------------------------------------------------------- 18,069,460 17,162,170 15,862,100 108,658,474 ------------------------------------------------------------------------- Loss before the following 18,069,460 17,162,170 15,862,100 108,348,474 Interest income (519,256) (1,211,744) (1,233,809) (6,534,005) Gain on sale of BCY LifeSciences Inc. - - - (299,403) Loss on sale of Transition Therapeutics Inc. - - - 2,156,685 ------------------------------------------------------------------------- Loss before income taxes 17,550,204 15,950,426 14,628,291 103,671,751 Future income tax recovery - - - (1,115,000) ------------------------------------------------------------------------- Net lo
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