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YM BIOSCIENCES REPORTS SECOND QUARTER 2009 OPERATIONAL AND FINANCIAL RESULTS
Date:2/13/2009

$(139,513,082) $(126,400,938) $(139,513,082) $(126,400,938) ------------------------------------------------------------------------- ------------------------------------------------------------------------- YM BIOSCIENCES INC. Interim Consolidated Statements of Cash Flows (Expressed in Canadian dollars) Three months ended Six months ended December 31, December 31, 2008 2007 2008 2007 ------------------------------------------------------------------------- (Unaudited) (Unaudited) Cash provided by (used in): Operating activities: Loss for the period $ (3,174,385) $ (4,479,888) $ (6,330,597) $ (8,104,197) Items not involving cash: Amortization of property and equipment 18,844 51,436 37,476 85,583 Amortization of intangible assets 265,136 265,136 530,271 530,271 Loss on disposal of property and equipment - 70,143 - 70,143 Unrealized loss (gain) on financial instruments (163,277) 77,251 (22,718) 6,874 Stock-based compensation 189,223 456,659 379,556 1,503,287 Change in non-cash operating working capital: Accounts receivable and prepaid expenses (191,057) (427,522) (300,897) (410,530) Accounts payable, accrued liabilities and deferred revenue (1,585,637) (1,160,302) (2,268,645) (3,355,168) --------------------------
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