The Howard Group

News Release May 29, 2008
Med BioGene Inc. (TSX-V -MBI)

Med BioGene Appoints Diagnostics Industry Veteran Dr. Heiner Dreismann to Board of Directors

08:30 EDT Thursday, May 29, 2008

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 29, 2008) - Med BioGene Inc. (TSX VENTURE:MBI), a life science company focused on the development and commercialization of genomic-based diagnostic tests for cancer and cardiovascular disease, is pleased to announce that Heiner Dreismann, Ph.D., has joined the company's Board of Directors and will chair MBI's Strategy Committee. Dr. Dreismann is the former Chief Executive Officer of Roche Molecular Diagnostics (Roche), a division of F. Hoffmann-La Roche Ltd.

"Dr. Dreismann is one of the top industry experts in the field of molecular diagnostics. He has a proven track-record of leadership in the development, commercialization and adoption of molecular diagnostics and brings to Med BioGene valuable experience and industry contacts. We are very pleased to welcome him to our team," commented Erinn Broshko, Chief Executive Officer of MBI.

Roche pioneered the clinical implementation of molecular diagnostics. While at Roche, Dr. Dreismann led the introduction in Europe of the company's PCR (polymerase chain reaction) and, now industry-standard, real-time PCR-based tests. PCR is a Nobel-prize winning technology which has been recognized as one of the most important scientific developments of our generation. PCR allows scientists to copy a single segment of DNA billions of times, making it possible to take a specimen, copy its genetic sequence, and, within hours, generate a test sample sufficient to perform a detailed analysis of a specific genetic question.

Under Dr. Dreismann's leadership as Chief Executive Officer, Roche evolved into one of the world's leading molecular diagnostics companies with annual sales to over US $1 billion and the significant expansion of their portfolio of diagnostic tests and hardware. Prior to his appointment as Chief Executive Officer, Dr. Dreismann held other senior positions within Roche in the areas of Global Business Development, Business Unit Manager for PCR and Microbiology, as well as R&D positions in microbiology and infectious diseases and in manufacturing.

Dr. Dreismann holds a Masters Degree in Biology and a Ph.D. in Microbiology/Molecular Biology from Westfaelische Wilhelms University in Muenster, Germany.

"Med BioGene's lead tests under development, LungExpress Dx(TM) and LymphExpress Dx(TM), have the potential to make an immediate impact on patient care by providing a more significant understanding of each patient's cancer, thus resulting in better-informed, more appropriate treatment decisions. The commercialization of these technologies will move us much closer to the ultimate goal of personalized medicine. I'm very pleased to be joining the Med BioGene team at such an exciting time," stated Dr. Dreismann.

Corporate Matters

MBI has granted five-year incentive stock options to purchase an aggregate of 200,000 common shares at an exercise price of $0.17 per share.

 

About Med BioGene

MBI is a life science company focused on the development and commercialization of genomic-based clinical laboratory diagnostic tests for cancer and cardiovascular disease. MBI develops these tests by identifying the genes, known as "biomarkers", which indicate the presence of disease. The development of these tests is the first step towards personalized medicine and will replace the conventional "one drug fits all" approach to disease management.

MBI is currently developing tests for lymphoma, leukemia and cardiovascular disease through the following products: LymphExpress Dx(TM), LeukExpress Dx(TM) and CardioExpress Dx(TM).

Certain statements in this press release contain forward-looking information under applicable Canadian securities legislation. Words such as "anticipates", "believes", "estimates", "expects", "intends", "may", "plans", "projects", "will", "would" and similar expressions are intended to identify forward-looking information, although not all forward-looking information contains these identifying words. Forward looking information includes, but is not limited to, that with respect to future profits, future product revenues, future operations and plans, the use of proceeds from financings, the timing of clinical trials and the completion date for clinical trials and the prospects for negotiating partnerships or collaborations and their timing. This forward-looking information is only a prediction based upon MBI's current expectations, and actual events or results may differ materially. MBI may not actually achieve the plans, intentions or expectations disclosed in its forward-looking information. Forward-looking information is subject to known and unknown risks and uncertainties and is based on uncertain assumptions that could cause MBI's actual results and the timing of events to differ materially from those anticipated in such forward-looking information. You are cautioned not to place undue reliance on this forward-looking information, which speaks only as of the date of this press release. MBI's forward-looking information does not reflect the potential impact of any future partnerships, collaborations, acquisitions, mergers, dispositions, joint ventures or investments that MBI may make. All forward-looking information is qualified in its entirety by this cautionary statement and MBI undertakes no obligation to revise or update any forward-looking information as a result of new information, future events or otherwise after the date of this press release, other than as required by applicable law.

For further information contact:

Med BioGene
Peterson Capital
The Howard Group Inc.

Erinn B. Broshko
CEO
Ph: (604) 306-4969
Email: ebroshko@medbiogene.com
www.medbiogene.com

Investor Relations
Ph: (604) 684-2883
Email: rick@rickpeterson.ca www.petersoncapital.ca

Investor Relations
Dave Burwell
Ph: (888) 221-0915
Email: info@howardgroupinc.com
www.howardgroupinc.com

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