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PreMD Inc. Announces Debenture Financing
Date:3/3/2008

tion statement under the US Securities Act or pursuant to an available exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and in accordance with applicable state securities laws. PreMD has agreed to prepare and use its commercially reasonable best efforts to file a registration statement (the "Registration Statement") with the SEC on or before the date which is 180 days after the closing date of the transaction. Further, PreMD has also agreed to use its commercially reasonable best efforts to cause the Registration Statement to be declared effective under the US Securities Act as promptly as possible after the filing of the Registration Statement, and shall use its commercially reasonable best efforts to keep the Registration Statement continuously effective under the US Securities Act until all Registrable Securities have been sold or may be sold without volume restrictions pursuant to Rule 144(k).

About PreMD Inc.

PreMD Inc. is a leader in predictive medicine, dedicated to developing rapid, non-invasive tests for the early detection of life-threatening diseases. PreMD's cardiovascular products include a line of non-invasive skin cholesterol tests. PreMD's other skin cholesterol products include PREVU(x) LT, a skin cholesterol test designed for use in the life insurance industry. The Company's cancer tests include ColorectAlert(TM), LungAlert(TM) and a breast cancer test. PreMD's head office is located in Toronto, Ontario and its research and product development facility is at McMaster University in Hamilton, Ontario. For more information about PreMD, please visit http://www.premdinc.com.

This press release contains forward-looking statements. These statements involve known and unknown risks and uncertainties, which could cause the Company's actual results to differ materially from those in the forward-looking statements. Such risks and u
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