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PreMD Reports First Quarter Results
Date:5/15/2008

Communications are ongoing and the Company will provide further updates as additional information becomes available. In the interim, we are extremely pleased to continue to receive support and commitment from our partner, AstraZeneca Pharmaceuticals LP, and medical colleagues throughout our appeal initiatives."

"During the first quarter, we were pleased to have our PREPARE (PREVU(x) Predicts Atherosclerosis Risk and Events) data selected as a highlighted poster at the American Heart Association Conference on Arteriosclerosis, Thrombosis and Vascular Biology (ATVB) recently. Subsequently, an article based on the data was published in HealthDay, which can be viewed on our website at http://www.premdinc.com/news_mediacov.htm."

PreMD is also appointing Paul Davis as a new member of the board of directors. Mr. Davis has held senior executive positions in both public and private companies and in investment banking, and has served on several boards of directors. Mr. Davis began his career at Davies, Ward & Beck (predecessor to Davies Ward Phillips & Vineberg LLP) and was also the Chief Operating Officer and a director of MedcomSoft Inc. and Executive Vice President and Director, Investment Banking of Octagon Capital Canada Corporation. Mr. Davis will be replacing Ron Henriksen, who is not standing for re-election to PreMD's board of directors at our upcoming annual meeting. "We look forward to working with Paul Davis as a new addition to our board of directors," said Dr. Norton. "We also thank Mr. Henriksen for his valuable contributions during his years of service to PreMD and wish him success in his future endeavors."

As previously noted in PreMD's 2007 annual report and, pursuant to the AMEX Rule 610 for the year ended December 31, 2007, the Company has received a going concern opinion from its independent auditors as a result of recurring operating losses and negative cash flows
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SOURCE PreMD Inc.
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