WCSB Oil & Gas Royalty Income 2008-II Limited Partnership

WCSB Oil & Gas Royalty Income 2008-II Limited Partnership

June 22, 2009 14:41 ET

WCSB Oil & Gas Royalty Income 2008-II Limited Partnership: June Cash Distribution Increases 7.5% Over May's Distribution

CALGARY, ALBERTA--(Marketwire - June 22, 2009) - WCSB Oil & Gas Royalty Income 2008-II Limited Partnership ("WCSB 2008-II Income Fund") has approved a June distribution of $0.70 per unit, payable June 30, 2009, to unitholders of record on June 22, 2009.

This cash distribution represents a 7.5% increase over the distribution paid May 29, 2009.

The WCSB 2008-II Income Fund offering closed on March 13, 2009 and to date approximately 65% of the net offering proceeds have been invested into 5 joint ventures (100% drilling success) with 3 Alberta based oil & gas companies.

This cash distribution is from revenue realized from the sale of WCSB 2008-II Income Fund's share of the oil & gas from 4 of the 5 wells to the end of April 2009.

WCSB's mandate is to pay investors regular monthly distributions from revenue realized from its gross over-riding royalties i.e. from the sale of WCSB 2008-II Income Fund's portion of the oil & gas produced from each well that it owns royalties on.

About WCSB

WCSB Investment Programs are energy focused income funds with a mandate to provide Canadian investors with income, capital appreciation, liquidity and a 100% tax deductible investment through direct participation by way of royalty interests in both oil and natural gas production. WCSB's unique business model eliminates exposure to capital market volatility associated with publicly traded energy issuers.

This press release shall not constitute an offer to sell or the solicitation of any offer to buy the securities. This release is provided for information purposes only.

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