May 04, 2007 14:05 ET

TerraVest Income Fund Announces Date for Release of 2007 First Quarter Results

EDMONTON, ALBERTA--(CCNMatthews - May 4, 2007) - TerraVest Income Fund (TSX:TI.UN) announced today that it will release its 2007 first quarter financial results before the markets open on Monday, May 14, 2007.

The Fund will hold a conference call with management to review the 2006 quarter results. The details are as follows:

Date: Monday, May 14, 2007
Time: 10:00 a.m. E.S.T.
Participants: Dale Laniuk, President and CEO
Tom Kileen, Chief Financial Officer
Tim Zosel, Senior Vice President
Access Number: Toronto: 416-695-9706
Toll-Free Access: 1-877-323-2010

The Fund's Management Discussion & Analysis and interim financial statements for the three months ended March 31, 2007 will be available prior to the conference call by visiting www.terravestincomefund.com, clicking to either "News" on the navigation bar or clicking "Publications" and "Quarterly Reports."

A replay of the conference call will be available at (416-695-5275) (Toll-Free Access: 1-888-509-0081) for seven days after the conference call (Pass code: 643807). A transcript can be viewed (usually within 48 hours) by visiting the Fund's website and clicking to "Corporate Presentations."

TerraVest Income Fund is an income trust whose Units trade on the Toronto Stock Exchange. Its mandate is to invest in a diversified group of income producing businesses to provide its Unitholders with stable and increasing cash returns. TerraVest has made six investments:

- RJV is one of the largest providers of wellhead processing equipment for the Canadian natural gas industry.

- Stylus is one of Canada's leading made-to-order upholstered furniture manufacturers.

- Don Park is the largest fabricator and wholesaler of HVAC ducts and related equipment in Ontario.

- Diamond Energy Services is an oil and natural gas well servicing company operating in Saskatchewan and Alberta.

- Beco Industries is the largest Canadian designer, manufacturer and importer of home textile products.

- Ezee-On manufactures heavy duty equipment for large acreage grain farms and livestock operations.

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