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NUCRYST Announces First Quarter 2008 Financial Results
Date:5/6/2008

in 2007. The increase is attributable primarily to nonrecurring costs including severance, stock option expense and third party services.

Foreign Exchange gains in the first quarter of 2008 were $0.6 million compared to foreign exchange losses of $0.2 million in the same period in 2007.

Conference Call

NUCRYST will hold a conference call today, May 6, 2008 at 4:30 p.m. ET, to provide a company update and discuss the financial results for the quarter. The conference call will be simultaneously web cast on NUCRYST's web site and archived for future review until May 13, 2008.

Conference call details:

Date: Tuesday, May 6, 2008

Time: 4:30 PM ET

Dial-in: 866-202-4367 (U.S.); 617-213-8845 (International)

Passcode: 98073917

Webcast: http://www.nucryst.com (Investor Relations section)

To access an audio replay of the call:

Replay Dial-in: 888-286-8010 (U.S.); 617-801-6888 (International)

Replay Passcode: 16575319

About NUCRYST Pharmaceuticals

NUCRYST Pharmaceuticals (NASDAQ: NCST; TSX: NCS) develops, manufactures and commercializes medical products that fight infection and inflammation using its patented atomically disordered nanocrystalline silver technology. Smith & Nephew plc sell a range of advanced wound care products under their Acticoat(TM) trade mark. Acticoat(TM) products incorporate NUCRYST's SILCRYST(TM) coatings and are sold in over 30 countries. NUCRYST is also developing pharmaceutical products to address medical conditions that are characterized by both infection and inflammation. The Company has developed its proprietary nanocrystalline silver in a powder form, referred to as NPI 32101 for use
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SOURCE NUCRYST Pharmaceuticals Corp.
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