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Press release from Filing Services Canada

Proventure Income Fund Grants Deferred Units

Friday, May 14, 2010

Proventure Income Fund Grants Deferred Units17:42 EDT Friday, May 14, 2010FSC / Press ReleaseProventure Income Fund Grants Deferred UnitsCalgary, Alberta CANADA, May 14, 2010 /FSC/ - Proventure Income Fund (PVT.UN - TSX Venture), announced today that on May 13, 2010, it granted deferred units to certain trustees and officers pursuant to its deferred unit plan. The amount of annual bonuses eligible for participation was $8,000. As such, the maximum number of deferred units issuable was 1,025.64 at an issue price of $1.95 per deferred unit. These deferred units are being matched by Proventure Income Fund.Proventure Income Fund is an open-ended mutual fund trust established on December 31, 2005 under laws of the Province of Alberta. The Fund is in the commercial property development business and leases real estate to Cervus Equipment Corporation. The units of Proventure Income Fund are listed on the TSX Venture Exchange and trade under the symbol "PVT.UN".For further information, please contact:Peter Lacey - President & CEO Telephone: (403) 567-0339 Fax: (403) 567-0392 Email: placey@cervuscorp.comRandy Muth - Chief Financial Officer Telephone: (403) 567-0339 Fax: (403) 567-0392 Email: rmuth@cervuscorp.comNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Source: Proventure Income Fund (TSX-V: PVT.UN) http://www.cervuscorp.com Maximum News Dissemination by Filing Services Canada Inc. * www.usetdas.com