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Press release from Marketwire

Supremex Income Fund Announces December 2010 Distribution

Friday, December 17, 2010

Supremex Income Fund Announces December 2010 Distribution16:30 EST Friday, December 17, 2010MONTREAL, QUEBEC--(Marketwire - Dec. 17, 2010) - NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE Supremex Income Fund (the "Fund"), Canada's largest provider of stock and custom manufactured envelopes (TSX:SXP.UN), announced today that its monthly cash distribution of $0.01 per Fund unit will be paid on January 17, 2011 to unitholders of record at the close of business on December 31, 2010. The cash distribution covers the period from December 1, 2010 to December 31, 2010. Assuming that the Fund's previously announced plan of arrangement pursuant to section 192 of the Canada Business Corporations Act to convert from an income trust structure into a corporation named Supremex Inc. is effective January 1, 2011, the cash payment shall be paid by Supremex Inc. on behalf and for the benefit of the Fund. In the event that such plan of arrangement is not effective, the cash payment shall be paid by the Fund.About Supremex Supremex Income Fund is Canada's largest manufacturer and marketer of a broad range of stock and custom envelopes and related products. Supremex is the only national envelope manufacturer in Canada with facilities in seven provinces and employs approximately 650 people. This nationwide presence enables it to manufacture products tailored to the specifications of major national customers such as leading Canadian corporations, national resellers and governmental entities, as well as paper merchants and process and solutions providers.Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of applicable Canadian securities laws, including (but not limited to) statements about the EBITDA projection, future performance of Supremex and similar statements concerning anticipated future results, circumstances, performance or expectations. A statement is forward-looking when it uses what Supremex knows and expects today to make a statement about the future. Forward-looking statements may include words such as anticipate, assumption, believe, could, expect, goal, guidance, intend, may, objective, outlook, plan, seek, should, strive, target and will. These statements relate to future events or future performance and reflect current assumptions, expectations and estimates of Management regarding growth, results of operations, performance, business prospects and opportunities, Canadian economic environment and liability to attract and retain customers. Such forward-looking statements reflect current assumptions, expectations and estimates of Management and are based on information currently available to Supremex as at the date of this press release. Forward-looking statements are subject to certain risks and uncertainties, and should not be read as guarantees of future performance or results and actual results may differ materially from the conclusion, forecast or projection stated in such forward-looking statements. These risks, uncertainties and other factors include but are not limited to the following: economic cycles, availability of capital, decline in envelope consumption, increase of competition, exchange rate fluctuation, raw material increases, credits risks with respect to trade receivables, increase in funding of pension plans, postal services deficiencies, interest rates fluctuation and potential risk of litigation. Consequently, we can not guarantee that any forward-looking statements will materialize. Readers should not place any undue reliance on such forward-looking statements. For additional information on these risks and uncertainties, see Supremex's most recently filed Annual Information Form and its 2009 Annual MD&A, which are available on SEDAR at www.sedar.com. Supremex disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.FOR FURTHER INFORMATION PLEASE CONTACT: Stephane Lavigne, CASupremex Income FundVice-President and Chief Financial Officer514-595-0555