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WorldHeart Reports an Event of Default Under the Note Issued to Abiomed, Resignation of One of Its Board of Directors, and Results of Shareholder Vote at Its Annual Shareholders' Meeting
Date:5/9/2008

successful as of the date of this report. The Company estimates that it has cash available to continue operations only through the latter part of May 2008. If the Company is unable to secure additional funding, it will be forced to take extraordinary business measures which could include filing for bankruptcy, ceasing operations and liquidating assets.

On May 5, 2008, the Company was informed by Robert J. Majteles that he is resigning from the Board of Directors and all of the committees of the Board, effective immediately. The Company intends to reconstitute all of the committees of the Board, such that Mr. William C. Garriock, Dr. Michael Estes and Mr. Gary Goertz, the three remaining independent directors, will be members of each of the committees.

On April 29, 2008, the Company held its Annual Meeting of Shareholders where proposals for shareholders' vote were presented for the following purposes:

(1) to receive and to consider the Company's audited consolidated

financial statements for the year ended December 31, 2007, that have

been prepared in accordance with generally accepted accounting

principles in the United States, together with the report of the

auditors thereon;

(2) to elect directors to serve until the next annual meeting of the

shareholders or until their successors are elected or appointed,

unless the office is vacated earlier;

(3) to appoint Burr, Pilger & Mayer LLP as independent auditors of the

Company and to authorize the directors to fix their remuneration; and

(4) to approve conversion of the secured promissory note in the principal

amount of up to US$5,000,000, previously issued to Abiomed

convertible at Abiomed's option into the Company's common shares at

US$1.748948 per share, subject to adjustments, including any

conversion of interest owed, and approval of the exercise
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SOURCE World Heart Corporation
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