ViRexx Medical Corp. Announces $1,000,000 Financing and Standby Purchaser for Rights Offering to Shareholders

EDMONTON, ALBERTA--(Marketwire - June 5, 2008) - ViRexx Medical Corp. (“ViRexx” or the “Corporation”) (TSX:VIR) (AMEX:REX) today announced that it has entered into a Standby Purchase Agreement (“Agreement”) dated May 22, 2008, effective June 4, 2008, with LM Funds Corp. (“Standby Purchaser”), with respect to the rights offering to shareholders announced on March 31, 2008.