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FOR DISSEMINATION IN THE UNITED STATES


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 it has completed the
second and final tranche of its previously announced public offering (the
"Offering") by way of short form prospectus through the issuance of 1,469,000
units (the "Units") at a price of $0.15 per unit for gross proceeds of
approximately $220,000. The first tranche of the Offering closed on August 7,
2008 and resulted in gross proceeds of approximately $1.6 million.


Each Unit consists of one common share (each, a "Common Share") and one-half of
one transferable Common Share purchase warrant (each, a "Warrant"). Each whole
Warrant is exercisable into one additional Common Share at an exercise price of
$0.20 for a period of 24 months; provided that, if over a period of 20
consecutive trading days after the closing date and until the expiry of the
Warrants, the daily volume weighted average trading price of the Common Shares
on the TSX Venture Exchange, or such other stock exchange where the majority of
the trading volume occurs, exceeds $0.40 on each of those 20 consecutive days,
MBI may give notice in writing to the Warrant holders within 30 days of such an
occurrence that the Warrants shall expire on the 30th day following the giving
of such notice unless exercised by the holders prior to such date.


PI Financial Corp. ("PI") acted as the agent for the Offering and received a
commission equal to 7.5% of the gross proceeds of the Offering in connection
with the sale of the Units, excluding sales made to certain purchasers
designated by MBI in which case MBI paid a commission equal to 2.5% of the gross
proceeds of the sale of the Units to such purchasers. MBI also granted to PI
that number of options equal to 7.5% of the number of Units sold under the
Offering (the "Compensation Options"), excluding sales made to certain
purchasers designated by MBI in which case MBI has granted to PI that number of
Compensation Options equal to 2.5% of the Units sold to such purchasers. Each
Compensation Option will entitle PI to acquire one Common Share at the Offering
Price at any time until that date which is 24 months after the closing date.


MBI will use the net proceeds of the Offering to advance their product pipeline
and for general corporate purposes.


About Med BioGene

MBI is a life science company focused on the development and commercialization
of genomic-based clinical laboratory diagnostic and prognostic 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 assist
in replacing the conventional "one drug fits all" approach to disease
management.


MBI's lead products are LungExpress Dx(TM), a gene expression-based prognostic
test for lung cancer, and LymphExpress Dx(TM), a gene expression-based
diagnostic and prognostic test for lymphoma.


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.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.