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Stock Trading History of Paladin Capital Management

The following table details the trading activities (stock purchases, stock sales, and stock option exercises) reported to the Securities and Exchange Commission (SEC) by insider Paladin Capital Management since year 2005. The trader's CIK number is 1360039. At the time of this reporting, Paladin Capital Management is the Director of Cardiovascular Biotherapeutics, Inc. (stock ticker symbol CVBT).

Stock purchases, sales, and option exercises reported by *Paladin Capital Management* since 2005.
Trade Date	Symbol	Company Name (Issuer)	Trade Type	Shares	Price ($)	Value ($)
2006-05-17	CVBT	Cardiovascular Biotherapeutics, Inc.	Sale	10,000	6.25	62,500
2006-05-12	CVBT	Cardiovascular Biotherapeutics, Inc.	Sale	10,000	5.95	59,500
2006-04-17	CVBT	Cardiovascular Biotherapeutics, Inc.	Sale	10,000	7.82	78,161

Insider trading activities including stock purchases, stock sales, and option exercises listed in the above table cannot be completely guaranteed as to their accuracy. For more information regarding the trades made by Paladin Capital Management (Director of Cardiovascular Biotherapeutics, Inc. at the time of this reporting) see the Securities and Exchange Commission (SEC) website.