Rainmaker Income Fund

Rainmaker Income Fund

November 20, 2006 14:06 ET

Rainmaker Income Fund Appoints a New Trustee

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 20, 2006) - Rainmaker Income Fund (TSX:RNK.UN) (the "Fund") is pleased to announce the appointment of Wade Flemons to the board of trustees. Mr. Flemons is a founder and principal of Pender West Partners Inc, a Vancouver based private equity investment firm. Mr. Flemons has over 20 years of experience in all areas of investment banking and merchant banking and has been involved in all aspects of investment banking activities including mergers and acquisitions, capital raising, financial restructuring, financial modeling, corporate valuations, and strategic evaluations. Mr. Flemons had previously worked in the corporate finance group of Pemberton Securities Ltd.

Mr. Flemons is a Director of Tapp Technologies Inc. and a past director of Harlan Fairbanks Ltd., Pacific Sport BC and Pacific Sport Center Vancouver. Mr. Flemons holds a degree in Industrial Engineering from Stanford University and an M.B.A. from the University of Western Ontario.

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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