YELLOW PAGES INCOME FUND
TSX : YLO.UN

YELLOW PAGES INCOME FUND

October 31, 2007 09:00 ET

Yellow Pages Income Fund Announces 2007 Third Quarter Results Release Date

MONTREAL, QUEBEC--(Marketwire - Oct. 31, 2007) - Yellow Pages Income Fund (TSX:YLO.UN) announces that it will issue its 2007 third quarter results on November 7, 2007, for the period covering July 1 to September 30, 2007. A conference call will be held on the same day at 1:00 p.m. (Eastern Time) to discuss the results.

The investment community is invited to listen to the conference call and will have the opportunity to ask questions. Members of the media are welcome to join the call which will also be broadcast live on Yellow Pages Group's website, at the following address: http://www.ypg.com/page.php/en/1/460.html

To participate in the conference call:

- Toronto and overseas, dial (416) 641-6105

- North America, dial 1 866 696-5895

To access the replay facility (between November 7 and November 15, 2007):

- Toronto and overseas, dial (416) 695-5800

- North America, dial 1 800 408-3053

Enter access code 3239379.

The replay of the conference call will also be available in the Investor Center of the Company's Web site at www.ypg.com.

About Yellow Pages Income Fund

Yellow Pages Income Fund indirectly holds an approximate 97% ownership interest in Yellow Pages Group and Trader Corporation. Yellow Pages Group is Canada's largest telephone directories publisher. It publishes annually more than 340 Yellow Pages™ and residential directories. The Company owns and manages Canada's most visited online directories, YellowPages.ca™ and Canada411.ca, as well as CanadaPlus.ca™, a network of seven local city sites. Trader Corporation is a Canadian leader in print and online vertical media with approximately 200 publications and 20 web sites covering four product verticals: automotive, real estate, general merchandise and employment. Its main brands include Auto Trader™, Auto Hebdo™, The Bargain Finder™, Buy&Sell™, Renters News™ and Home Renters' Guide™. For more information about the Fund, visit www.ypg.com.

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