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YM BIOSCIENCES REPORTS FISCAL FIRST QUARTER 2010 OPERATIONAL AND FINANCIAL RESULTS
Date:11/11/2009

------------------------------------------ ------------------------------------------------------------------------- Weighted average number of common shares outstanding 55,844,505 55,835,356 Excludes common shares held in escrow for contingent additional payment related to the acquisition of Delex Therapeutics Inc. 2,380,953 2,380,953 ------------------------------------------------------------------------- ------------------------------------------------------------------------- YM BIOSCIENCES INC. Interim Consolidated Statements of Cash Flows (Expressed in Canadian dollars, unless otherwise noted) ------------------------------------------------------------------------- Three months ended September 30, 2009 2008 ------------------------------------------------------------------------- (Unaudited) Cash provided by (used in): Operating activities: Loss for the period $ (3,502,788) $ (3,156,212) Items not involving cash: Amortization of property and equipment 16,252 18,631 Amortization of intangible assets 265,136 265,136 Loss on short-term deposits 2,218 140,559 Stock-based compensation 396,644 190,333 Change in non-cash operating working capital: Accounts receivable and prepaid expenses 246,035 (109,840) Accounts payable, accrued liabilities and deferred revenue (4,850) (683,008) -----------------------------------------------------------
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