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PreMD Reports Second Quarter Results



Represented by

Cash 26,469 105,372 26,469 105,372

Cash equivalents - 2,410,066 - 2,410,066


26,469 2,515,438 26,469 2,515,438



See accompanying note


(In Canadian dollars unless otherwise noted)

June 30, 2008



The Company's consolidated financial statements have been prepared on

a going-concern basis which presumes the realization of assets and

discharge of liabilities in the normal course of business for the

foreseeable future. The Company reported a loss of $1,318,003 for the

three months ended June 30, 2008, has a shareholders' deficiency of

$6,046,507 as at June 30, 2008 and has experienced significant

operating losses and cash outflows from operations since its

inception. The Company has operating and liquidity concerns due to

its significant net losses and negative cash flows from operations.

The Company's ability to continue as a going-concern is uncertain and

is dependent upon its ability to raise additional capital to

successfully complete its research and development programs,

commercialize its technologies, obtain regulatory approvals for its

products and ultimately, generate profitable operations and positive

operating cash flows. It is not possible at this time to predict the

outcome of these matters. It wil

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