Less than $2 million remaining of Advantage Life Science Fund II

Vancouver, February 13, 2008 - Advantage Life Science Fund II (VCC) Ltd. announced today that it has less than $2 million remaining of its 2007 tax credit allocation. Over $1.25 million of sales of the Fund have been processed within the last two weeks. Purchasers of Advantage Life Science Fund II shares prior to March 1, 2008 will receive a 30% refundable tax credit for the 2007 taxation year on investments made of up to $200,000 per year (maximum $60,000 annual tax credit).

Advantage's COO and Partner, David Raffa, commented, "We believe that the Advantage Life Science Fund II represents an excellent investment opportunity and that, based upon the current pace of sales, the Fund will sell out prior to March 1, 2008. We suggest that investors and investment advisors wishing to access 2007 tax credits place their orders for shares of the Advantage Life Science II Fund (BCA 800) as soon as possible."

About Advantage Life Science Fund II

Advantage Life Science Fund II offers everyone in BC the opportunity to invest in some of the Province's most promising life science companies. Advantage investors receive a 30% refundable tax credit from the BC government on investments of up to $200,000 per year.

For more information about Advantage Life Science Fund II, please review our prospectus, visit our website at www.bcadvantagefunds.com or contact our Vice President, Sales and Marketing, Ray Matthews at rmatthews@lionscapital.com or 604.818.7778.

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