Liquor Stores Income Fund TSX : LIQ.UN

July 15, 2005 13:19 ET

Liquor Stores Income Fund Announces July Cash Distribution

EDMONTON, ALBERTA--(CCNMatthews - July 15, 2005) - Liquor Stores Income Fund
(the "Fund") (TSX:"LIQ.UN") announced today a cash distribution of $0.08958 per
trust unit for the month of July, 2005. The distribution will be paid on August
15, 2005 to holders of record of trust units on July 29, 2005.

The Fund's policy is to pay cash distributions on or about the 15th of each
month to unitholders of record on the last business day of the preceding month.

About Liquor Stores Income Fund

The Fund is a publicly traded Canadian Income Fund that participates in the
retail liquor industry in Alberta and British Columbia through its 59.34%
interest in Liquor Stores Limited Partnership ("Liquor Stores LP"). Liquor
Stores Income Fund is Canada's only publicly traded entity with interests
exclusively in the retailing of liquor products.

The Fund is the largest liquor retailer in Alberta by number of stores. The Fund
currently operates 65 stores, 3 of which are located in British Columbia.

The Fund's Units trade on the Toronto Stock Exchange under the symbol LIQ.UN.

Additional information about Liquor Stores Income Fund is available at
www.sedar.com and the Fund's website at www.liquorstoresincomefund.ca.