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Haemacure Reports on Financing Progress and Second Quarter Results
Date:6/2/2008

macure disclaims any intention or obligation to update these statements.

Financial Highlights

(unaudited)

Quarters ended

April 30, 2008 April 30, 2007

-------------- --------------

Sales $28,368 $24,757

Gross profit $15,825 $11,725

Gross margin 56% 47%

General and administrative expenses $1,327,551 $1,177,120

Research and development expenses $668,452 $205,224

Other expenses $468,824 -

Total expenses $2,520,807 $1,313,800

Net loss $(2,504,982) $(1,302,075)

Loss per share $(0.02) $(0.01)

Weighted average number of shares

outstanding 163,800,917 163,800,917

As at As at

April 30, 2008 October 31, 2007

-------------- ----------------

Cash and cash equivalents $919,364 $3,591,883

Temporary investment $2,657,716 $4,011,200

Total assets $9,582,260 $10,939,289

Shareholders' equity $5,984,485 $9,226,329


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SOURCE HAEMACURE CORPORATION
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