Rainmaker Income Fund

Rainmaker Income Fund

January 31, 2007 17:20 ET

Rainmaker Income Fund Appoints a New Trustee

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 31, 2007) - Rainmaker Income Fund (TSX:RNK.UN) (the "Fund") is pleased to announce the appointment of Tim McElvaine to the Board of Trustees. Mr. McElvaine is the President of McElvaine Investment Management Ltd., which is the investment advisor to The McElvaine Investment Trust and The McElvaine Limited Partnership. Mr. McElvaine is a Chartered Accountant and Chartered Financial Analyst and has a Bachelor of Commerce degree from Queen's University.

Mr. McElvaine was a director of Humpty Dumpty Snack Foods Inc. from 2005 to 2006 and was director of Sun-Rype Products Ltd from 2000 to 2005.

The Fund is an unincorporated open-ended limited purpose trust located in Vancouver, British Columbia. The Fund indirectly owns 100% of Rainmaker Entertainment Inc. ("REI"), EP Canada Limited Partnership ("EP") and Canada Film Capital Limited Partnership ("CFC"). REI is an award-winning visual effects, computer generated animation and post production company with a 27 year history providing superior service, innovative technology and world-class talent to design, build and shape content for feature films, television, direct to DVD, games and commercials. EP is a leading provider of payroll services for the film and television industry across Canada. CFC provides tax credit administration services and financing of tax credits through factoring for film and television productions across Canada.

This press release and any related attachments may contain forward-looking statements that involve a number of risks and uncertainty. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are market and general economic conditions and the risk factors detailed from time to time in the periodic reports and documents filed by the Fund with The Toronto Stock Exchange and other regulatory authorities. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and the Fund undertakes no obligation to update the forward-looking statements should there be a change in conditions, or in management's estimates or opinions.

The contents of this press release have neither been approved nor disapproved by any regulatory authority.

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