Vigil Health Solutions Inc.
TSX VENTURE : VGL

Vigil Health Solutions Inc.

January 30, 2008 15:15 ET

Vigil Health Solutions Inc. Announces Closing of Private Placement

VICTORIA, BRITISH COLUMBIA--(Marketwire - Jan. 30, 2008) - Vigil Health Solutions Inc. ("Vigil") (TSX VENTURE:VGL) is pleased to announce that further to the press release of December 20, 2007 it has closed a private placement financing for gross proceeds of $550,000. Pursuant to the financing, Vigil issued 11,000,000 units, at a price of $0.05 per unit, each unit consisting 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 Company intends to use the net proceeds from the private placement to provide additional working capital for business growth and to fund further product development.

The private placement was fully subscribed for by insiders of the company.

Unless permitted under securities legislation and with the prior approval of the TSX Venture Exchange, the common shares and warrant shares cannot be traded until May 31, 2008.

About Vigil Health Solutions Inc.

Vigil offers a proprietary technology platform combining software and hardware to provide comprehensive solutions to the expanding aged care market. Vigil has established a growing presence in North America and an international reputation for being on the leading edge of systems design and integration. The Vigil Integrated Care Management System™ (Vigil® System) includes the award-winning Vigil Dementia System, a nurse call system, bed monitoring, resident check in, and the latest development the Vigil Wireless call system. The first to supply dementia specific care technology, Vigil facilitates the highest standard of care for cognitive residents while helping dementia residents enjoy a higher quality of life and greater dignity.

Certain information contained in this news release may constitute forward-looking statements within the meaning of applicable securities laws. Forward looking statements may include estimates, plans, expectations, opinions, forecasts or other statements that are not statements of fact. Although the Company believes that the expectations are reasonable, actual events or results may differ from the Company's expectations.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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