Foremost Income Fund
TSX : FMO.UN

Foremost Income Fund

March 14, 2005 15:09 ET

Foremost Declares its First Quarter 2005 Cash Distribution to Unitholders


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: FOREMOST INDUSTRIES INCOME FUND

TSX SYMBOL: FMO.UN

MARCH 14, 2005 - 15:09 ET

Foremost Declares its First Quarter 2005 Cash
Distribution to Unitholders

CALGARY, ALBERTA--(CCNMatthews - March 14, 2005) - Foremost Industries
Income Fund (TSX:FMO.UN) (the "Fund") has declared its first quarter
(Q1-2005) cash distribution of $0.375 per trust unit. Distributions are
payable March 31, 2005 to Unitholders of Record as at March 24, 2005.



The Fund's first quarter (Q1-2005) distribution details are as follows:
Distribution per trust unit: $0.375
Ex-distribution date: March 22, 2005
Record date: March 24, 2005
Payment date: March 31, 2005


The Fund is an income trust that holds complementary manufacturing
businesses that are recognized leaders in their fields. Through its
separate business models, the Fund's operating entities design,
manufacture and sell: drilling equipment and tooling, off-road vehicles,
oil-treating systems, pressure vessels, petroleum storage tanks, gas
separation and steam generator equipment.


On behalf of the Trustees

Foremost Industries Income Fund

(signed: J.T. Grenon)

James T. Grenon, Trustee

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Foremost Industries Inc.
    (General Partner for Foremost Industries LP)
    Glen Swail, Director
    (403) 571-4453 or Toll Free: (800) 661-9190 (Canada/USA)
    (403) 571-4444 (FAX)
    Email: investorrelations@foremost.ca
    or
    Foremost Industries Inc.
    (General Partner for Foremost Industries LP)
    1225 64th Avenue NE.,
    Calgary, Alberta T2E 8P9
    Website: www.foremost.ca
    The Toronto Stock Exchange has neither approved nor disapproved the
    information contained herein.