CALGARY, ALBERTA--(Marketwire - June 2, 2010) - Canexus Income Fund (TSX:CUS.UN) (the "Fund") today announced the cash distribution for the period June 1, 2010, to June 30, 2010, has been set at $0.0456 per unit. The distribution will be paid on July 15, 2010, to unitholders of record as at June 30, 2010. This payment is consistent with the Fund's distribution policy.

The Fund has a Distribution Reinvestment Plan ("DRIP") that enables participants to automatically reinvest monthly distributions in additional trust units of the Fund. More information on the DRIP is available on the Canexus website at www.canexus.ca.

About Canexus

Canexus produces sodium chlorate and chlor-alkali products largely for the pulp and paper and water treatment industries. Our four plants in Canada and one in Brazil are reliable, low-cost, strategically-located facilities that capitalize on competitive electricity costs and transportation infrastructure to minimize production and delivery costs. Canexus also provides fee-for-service hydrocarbon transloading services to the oil and gas industry from its terminal at Bruderheim, Alberta. Canexus targets opportunities to maximize unitholder returns and delivers high-quality products and services to its customers. Canexus units and convertible debentures trade on the Toronto Stock Exchange under the symbol CUS. More information about Canexus is available at www.canexus.ca.

FOR FURTHER INFORMATION PLEASE CONTACT:

Canexus Limited
Gary Kubera
President and CEO
(403) 571-7300

or

Canexus Limited
Richard McLellan
CFO
(403) 571-7300
www.canexus.ca