Exhibit 99.1

NEWS RELEASE

Date: June 10, 2008	CorVel Corporation
	2010 Main Street
	Suite 600
	Irvine, CA 92614
FOR IMMEDIATE RELEASE	Contact: Heather Burnham
	Phone: 949-851-1473
	http://www.corvel.com

CorVel Announces Record Earnings

IRVINE, California, June 10, 2008 — CorVel Corporation (NASDAQ: CRVL) reported record earnings per share of $0.44 for the quarter ended March 31, 2008, up from $0.37 in the same quarter of the prior year. For the fiscal year ended March 31, 2008 earnings were $1.67 per share compared to fiscal 2007 earnings of $1.30 per share. Results in the quarter reflected continued strong medical review results.

The Company reported quarterly revenues of $77 million, up from prior year quarterly revenues of $71 million. For the fiscal year ended March 31, 2008, revenues were $302 million, representing a 10% increase from the $275 million in revenues achieved in fiscal 2007. The Company’s introduction of full service workers compensation solutions contributed significantly to the improvement in annual sales and profit results.

CorVel’s launch of full service claims solutions, branded Enterprise Comp^®, has reached a phase where national services are available throughout the Company’s nationwide branch office network. In addition, the Company has added claims management for auto and general liability claims. Recent efforts have been focused upon continued claims management additions to the Company’s CareMC web portal. Enterprise Comp’s ability to integrate managed care and claims management services is expected to deliver unique savings results for employers.

Investments in the Company’s systems and software infrastructure have been increased to support the national expansion of Enterprise Comp. During the coming year the Company expects to continue expanding the use of the artificial intelligence tools which have contributed successfully to the Company’s medical review services.

About CorVel

CorVel Corporation (http://www.corvel.com/) is a national provider of leading-edge services and solutions in the field of disability management. CorVel specializes in applying information technology and e-commerce applications to improve healthcare management in the workers’ compensation, group health, auto and disability management insurance markets. The Company provides networks of preferred providers, claims administration, case management, utilization management, and medical bill review to

more than 2,000 clients nationwide. Leveraging its commitment to flexibility and personal service, CorVel delivers custom solutions for employers, insurers, third party administrators and government entities.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on the Company’s current expectations, estimates and projections about the Company, management’s beliefs, and certain assumptions made by the Company, and events beyond the Company’s control, all of which are subject to change. Such forward-looking statements include, but are not limited to, statements relating to the Company’s financial statements and business. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause the Company’s actual results to differ materially and adversely from those expressed in any forward-looking statement.

The risks and uncertainties referred to above include, but are not limited to, factors described in this press release and the Company’s filings with the Securities and Exchange Commission, including “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended March 31, 2007. The forward-looking statements in this press release speak only as of the date they are made. The Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.

CorVel Corporation
Quarterly Results — Income Statement
Quarters and Fiscal Years Ended March 31, 2007 and 2008

	Quarter Ended		Quarter Ended
	March 31, 2007		March 31, 2008
Revenues		70,910,000		77,368,000
Cost of revenues		53,330,000		56,538,000
Gross profit		17,580,000		20,830,000
General and administrative		8,911,000		10,661,000
Income from operations		8,669,000		10,169,000
Income tax expense		3,381,000		3,965,000
Net income		5,288,000		6,204,000
Earnings Per Share:
Basic	$	0.38	$	0.45
Diluted	$	0.37	$	0.44
Weighted Shares
Basic		14,009,000		13,758,000
Diluted		14,305,000		13,958,000
	Fiscal Year Ended		Fiscal Year Ended
	March 31, 2007		March 31, 2008
Revenues		274,581,000		301,894,000
Cost of revenues		208,746,000		223,829,000
Gross profit		65,835,000		78,065,000
General and administrative		35,383,000		39,720,000
Income from operations		30,452,000		38,345,000
Income tax expense		11,876,000		14,961,000
Net income		18,576,000		23,384,000
Earnings Per Share:
Basic	$	1.32	$	1.69
Diluted	$	1.30	$	1.67
Weighted Shares
Basic		14,070,000		13,856,000
Diluted		14,268,000		14,036,000

CorVel Corporation
Quarterly Results — Condensed Balance Sheet
March 31, 2007 and March 31, 2008

	March 31, 2007		March 31, 2008
Cash		15,020,000		17,911,000
Accounts receivable, net		41,027,000		39,164,000
Prepaid expenses and taxes		3,090,000		5,242,000
Deferred income taxes		5,150,000		6,753,000
Property, net		24,864,000		30,569,000
Goodwill and other assets		24,617,000		39,708,000
Total		113,768,000		139,347,000
Accounts and taxes payable		13,418,000		20,476,000
Accrued liabilities		15,851,000		16,473,000
Deferred tax liability		5,302,000		6,020,000
Paid in capital		75,557,000		80,222,000
Treasury stock		-154,091,000		-162,302,000
Retained earnings		157,731,000		178,458,000
Total		113,768,000		139,347,000