January 30, 2008 20:14 ET

Discovery Capital Managed Fund Acquires Securities of Vigil Health in Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 30, 2008) - British Columbia Discovery Fund (VCC) Inc. ("BCDF"), a venture capital fund managed by Discovery Capital Management Corp., has purchased 6,000,000 units of Vigil Health Solutions Inc. ("Vigil") at a purchase price of $0.05 per unit, for a total investment of $300,000, pursuant to a private placement completed by Vigil. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one common share at an exercise price of $0.10 per share until January 30, 2010. The units purchased by BCDF comprise approximately 54% of the units issued by Vigil in the private placement.

As a result of this acquisition, BCDF holds 14,954,286 common shares of Vigil, representing approximately 15% of the issued and outstanding common shares of Vigil after completion of the private placement. In addition, Discovery Capital Management Corp. is custodian of and has voting control over 7,522,125 common shares of Vigil which are being held for the benefit of former shareholders of Discovery Capital Corporation ("DCC"), subsequent to the liquidation and wind up of DCC in September 2007. Accordingly, Discovery Capital Management Corp. has control and direction over a combined total of 22,476,411 common shares of Vigil Health, representing approximately 23% of the issued and outstanding common shares of Vigil Health after completion of the private placement (approximately 24% assuming exercise of all warrants).

The private placement purchase by BCDF was made for investment purposes. BCDF may acquire ownership of additional securities of Vigil, or BCDF and/or Discovery Capital Management Corp. may dispose of securities of Vigil, as circumstances arise or market conditions warrant.

About British Columbia Discovery Fund (VCC) Inc.

British Columbia Discovery Fund (VCC) Inc. was established to make venture capital investments in a portfolio of small businesses in British Columbia that qualify under the Small Business Venture Capital Act, focusing on all of B.C.'s top internationally recognized technology clusters; information technology, communications, health and life sciences, and energy and environmental technologies.

Established in 2002 and managed by Discovery Capital Management Corp., the Fund is focussed on making diversified investments in British Columbia with the objectives of achieving long-term capital appreciation for its shareholders and contributing to the growth in value and employment of the technology industry in British Columbia. In addition to offering a means of participating in the potential of British Columbia's newest technology ventures, the Fund offers significant tax savings to eligible British Columbia individual and corporate investors. The Fund, which offers its shares on a continuous basis, has raised over $52 million to date and has investments in eleven developing technology companies. To obtain further information about the Fund, please contact a registered advisor or visit or

John McEwen, CEO

B.C. Discovery Fund (VCC) Inc.

Harry Jaako, President

B.C. Discovery Fund (VCC) Inc.

This press release is not an offer to sell or a solicitation of an offer to buy common shares. This press release may include statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. The issuer cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Future events and results may vary substantially from what the issuer currently foresees.

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