Banants and Ararat got a pass on the 1st round because these two clubs reached the final the previous year.
Shirak also demonstrated a fighting spirit and managed to defeat defending cup holders Banants away, after losing the first leg at home.
The semifinals also turned out to be interesting as Banants and Ararat defeated Mika and Pyunik respectively with an aggregate score of 5–1.
The final was a repeat of last year's final and this time it was Ararat that edged out on top as Marcos Pizzeli managed to sneak a late extra-time winner for the five-time Armenian Independence Cup winners.
The victory gave Ararat an opportunity to participate in the 2008–09 UEFA Cup, First qualifying round.