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Bioniche Reports Fiscal 2009 First Quarter
Date:11/7/2008

ovision for income taxes 14,666 53,923

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Net loss and comprehensive loss

for the period (3,324,691) (3,812,759)

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Basic and diluted net loss per share (0.05) (0.06)

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Weighted-average number of common shares

outstanding 67,194,886 61,880,544

Bioniche Life Sciences Inc.

INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited - see going concern uncertainty)

For the three months ended September 30

2008 2007

$ $

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OPERATING ACTIVITIES

Net loss for the period (3,324,691) (3,812,759)

Add (deduct) non cash items:

Amortization 911,612 531,082

Unrealized foreign exchange gain (93,758) (75,117)

Change in unrealized loss (gain) on

foreign currency embedded derivatives 59,693 (182,656)

Accreted interest on discounted receivables (9,788) -

Stock-based compensation 62,093 84,746

Warrants issued to consultants 700 -

Employee share ownership plan 177,423 147,769

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SOURCE Bioniche Life Sciences Inc.
Copyright©2008 PR Newswire.
All rights reserved

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