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Resverlogix Board of Directors Update
Date:9/3/2008

Provides shareholders with an update on strategic review activities

TSX Exchange Symbol: RVX

CALGARY, Sept. 3 /PRNewswire-FirstCall/ - On behalf of Resverlogix Corp. ("Resverlogix" or the "Company") (TSX:RVX) the Board of Directors, due to the recent advancement of various discussions with third parties, feel it is prudent to update the market as to activities surrounding a previously announced strategic review process of January 25, 2007. One strategic review option currently under evaluation by the Company is an offer to out-license the Company's NexVas(TM) PR technology for cardiovascular indications to a single Asian country in order to generate non dilutive equity while continuing to further the development of our cardiovascular programs. As a result of the progression of term discussions with more than one Asian pharmaceutical group in this regard, the Board has directed management to proceed with the option for a one country licensing deal concurrently with global deal discussions. To this end, Resverlogix has received a mutually acceptable non-binding proposal for the licensing of NexVas PR and will seek to further advance negotiations. No time frame or terms will be released at this time as there is currently no guarantee that this process will result in a completed licensing deal.

The Board of Directors is also pleased to update shareholders on the ongoing strategic review process pertaining to various types of global partnership deals relating to the NexVas PR technology. Currently, there are three global pharmaceutical companies who are in the process of performing extensive due diligence on NexVas PR and other Resverlogix technologies. Management is also in ongoing discussion with numerous other groups that have shown interest in the NexVas PR technology. The Board is cautious to add that any potential transactions are subject to an extensive negotiation process and there can be no assurance that they will be finalized or tha
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SOURCE Resverlogix Corp.
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