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YM BIOSCIENCES REPORTS THIRD QUARTER 2009 OPERATIONAL AND FINANCIAL RESULTS
Date:5/14/2009

-------------------- YM BIOSCIENCES INC. Interim Consolidated Statements of Deficit (Expressed in Canadian dollars) ------------------------------------------------------------------------- Three months ended Nine months ended March 31, March 31, 2009 2008 2009 2008 ------------------------------------------------------------------------- (Unaudited) (Unaudited) Deficit, beginning of period $(139,513,082) $(126,400,938) $(133,182,485) $(118,296,741) Loss for the period (3,474,839) (3,818,647) (9,805,436) (11,922,844) ------------------------------------------------------------------------- Deficit, end of period $(142,987,921) $(130,219,585) $(142,987,921) $(130,219,585) ------------------------------------------------------------------------- ------------------------------------------------------------------------- YM BIOSCIENCES INC. Interim Consolidated Statements of Cash Flows (Expressed in Canadian dollars) ------------------------------------------------------------------------- Three months ended Nine months ended March 31, March 31, 2009 2008 2009 2008 ------------------------------------------------------------------------- (Unaudited) (Unaudited) Cash provided by (used in): Operating activities: Loss for the period $ (3,474,839) $ (3,818,647) $ (9,805,436) $ (11,922,844) Items not involving cash: Amortiza- tion of property and
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