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SemBioSys announces first quarter 2008 financial and operational results
Date:5/9/2008

Genetics Inc.

Consolidated Statements of Cash Flows

(Unaudited)

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(expressed in Canadian dollars)

Three month period ended

March 31, March 31,

2008 2007

$ $

Cash provided by (used in)

Operating activities

Net loss for the period (5,017,055) (3,228,411)

Add items not affecting cash:

Amortization 493,834 228,058

Stock-based compensation 179,903 179,050

Unrealized foreign exchange loss (gain) 44,011 (21,010)

Non-cash interest expense 18,780 -

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(4,280,527) (2,842,313)

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Change in non-cash working capital and

other balances related to operations 209,916 1,481,767

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Cash used in operating activities (4,070,611) (1,360,546)

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Financing activities

Issuance of capital stock - 15,904,488

Share issue costs (57,884) (1,356,539)

Exercise of stock options 31,750
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SOURCE SemBioSys Genetics Inc.
Copyright©2008 PR Newswire.
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