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PreMD Reports Fiscal 2007 Results
Date:3/28/2008

nts and patent applications may be challenged, invalidated or circumvented by our competitors and there can be no guarantee of our ability to obtain or maintain patent protection for our products or product candidates.

Investors should consult the Company's quarterly and annual filings with the Canadian and U.S. securities commissions for additional information on risks and uncertainties relating to the forward-looking statements. Investors are cautioned not to rely on these forward-looking statements. PreMD is providing this information as of the date of this press release and does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.

(x)Trademark

(Tables Follow)

PreMD Inc.

Incorporated under the laws of Canada

CONSOLIDATED BALANCE SHEETS

(In Canadian dollars)

As at December 31

2007 2006

$ $

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ASSETS

Current

Cash and cash equivalents 282,200 112,577

Short-term investments 907,768 3,163,482

Accounts receivable 8,292 11,221

Inventory 61,177 179,219

Prepaid expenses and other receivables 758,715 570,773

Investment tax credits receivable 340,000 200,000

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Total current assets 2,358,152 4,237,272

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SOURCE PreMD Inc.
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