Rainmaker Income Fund

Rainmaker Income Fund

October 12, 2005 19:50 ET

Rainmaker Income Fund Announces the Resignation of a Trustee

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 12, 2005) - Rainmaker Income Fund (TSX:RNK.UN) (the "Fund") announces that Doug Holtby has resigned from the board of trustees to pursue other interests.

The Fund and its trustees would like to thank Doug for his diligent work over the past two and half years and we wish him success in his future endeavors.

The Fund is an unincorporated open-ended limited purpose trust located in Vancouver, British Columbia. The Fund indirectly owns three operating limited partnerships. Rainmaker Limited Partnership is one of North America's leading film and video post production organizations, providing superior service, using innovative technology and world-class talent to design, build and shape content for film, television and new media productions. EP Canada Limited Partnership is a leading provider of payroll services for the film and television industry across Canada. Canada Film Capital Limited Partnership 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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