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Rigel Ubiquitin Ligase Program Identifies Molecules With Anti-HIV,Activity

ficacy of product candidates. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Words such as "plans," "intends," "promising," "expects," "anticipates" and similar expressions are intended to identify these forward-looking statements. There are a number of important factors that could cause Rigel's results to differ materially from those indicated by these forward-looking statements, including risks associated with the timing and success of clinical trials and the commercialization of product candidates, as well as other risks detailed from time to time in Rigel's SEC reports, including its Form 10-K for the year ended December 31, 2006. Rigel does not undertake any obligation to update forward-looking statements.

     Contact:

     Raul Rodriguez

     Phone: 650.624.1302

     Email: 


     Media Contact:

     Susan C. Rogers, Alchemy Consulting, Inc.

     Phone: 650.430.3777

     Email: 

invrel@rigel.com susan@alchemyemail.com

CONTACT: Raul Rodriguez of Rigel, +1-650.624.1302, or ; orSusan C. Rogers of Alchemy Consulting, Inc., +1-650.430.3777, or invrel@rigel.com susan@alchemyemail.com

Web site: http://www.rigel.com/

Ticker Symbol: (:RIGL)

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