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Neovasc Inc. Reports Year 2008 Financial Results
Date:4/24/2009

NNING OF PERIOD 3,242,404 2,698,735 ------------------------------------------------------------------------- END OF PERIOD $ 2,498,439 $ 3,242,404 ------------------------------------------------------------------------- ------------------------------------------------------------------------- REPRESENTED BY: Cash 181,228 93,649 Cashable guaranteed investment certificates 2,317,211 3,148,755 ------------------------------------------------------------------------- $ 2,498,439 $ 3,242,404 ------------------------------------------------------------------------- ------------------------------------------------------------------------- NON CASH TRANSACTIONS Change in Asset Use - 131,794 Issuance of shares to acquire B-Balloon and Neovasc Medical 24,613,554 - Issue of Warrants - 111,518 SUPPLEMENTAL CASH FLOW INFORMATION Interest paid 27,288 14,136 ------------------------------------------------------------------------- -------------------------------------------------------------------------

About Neovasc Inc.

Neovasc Inc. is a new specialty vascular device company that develops, manufactures and markets medical devices for the rapidly growing vascular and surgical marketplace. The company's current products include the Neovasc ReducerTM, a novel stent in development to treat refractory angina, as well as a line of advanced biological tissue technologies that are used to enhance surgical outcomes and as key components in a variety of third party medical products. For more information, visit: '/>"/>

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