Biomira Inc. Announces March 8th Webcast of its Fourth Quarter and Full Year 2006 Financial Results Conference Call

EDMONTON, March 2 /PRNewswire-FirstCall/ - Biomira Inc. intends to release its fourth quarter and full year 2006 financial results on Thursday, March 8, 2007 after the close of the U.S. and Canadian markets. Following the release, Biomira’s management expects to discuss these financial results and general business updates at 4:30 p.m. EST. The discussion is planned for a live webcast and can be accessed at www.Biomira.com.

Biomira intends to make a recording of the webcast available on the Biomira website and via telephone replay. It is expected that the archive of the webcast will be available approximately one hour after completion of the discussion and will be posted for 30 days. It is expected that a replay will be available by phone approximately 15 minutes after completion of the discussion and will be accessible for 14 days. Access numbers for this replay are:

1-416-640-1917, passcode 21221933 followed by the pound sign or 1-877-289-8525, passcode 21221933 followed by the pound sign About Biomira

Biomira is a biotechnology company specializing in the development of innovative therapeutic products for the treatment of cancer. Biomira’s goal is to develop and commercialize novel synthetic vaccines and targeted small molecules that have the potential to improve the lives and outcomes of cancer patients.

Biomira Inc.

CONTACT: Investor and Media Relations Contact: Stephanie H. Seiler, Ph.D.,Gemini BioProjects LLC, (206) 713-0124, ir@biomira.com

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