Medical Ventures Corp. Targets July 1, 2008 to Close Acquisitions

RICHMOND, BRITISH COLUMBIA--(Marketwire - April 21, 2008) - MEDICAL VENTURES CORP. (TSX VENTURE:MEV), a medical devices company specializing in products for the vascular and surgical markets, will hold its Annual and Special Meeting of Shareholders on Tuesday, June 3, 2008, in Vancouver. In addition to regular annual matters, shareholders will vote on special resolutions to proceed with the acquisition of two pre-commercial vascular development companies, B-Balloon Ltd. and Neovasc Medical Ltd., and certain other related matters, including a share consolidation. Medical Ventures will distribute and make publicly available the related proxy materials in the first week of May.

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