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Press release from Filing Services Canada

Proventure Income Fund Announces Distribution

Tuesday, March 22, 2011

Proventure Income Fund Announces Distribution12:43 EDT Tuesday, March 22, 2011FSC / Press ReleaseProventure Income Fund Announces DistributionCalgary, Alberta CANADA, March 22, 2011 /FSC/ - Proventure Income Fund (PVT.UN - TSX Venture), ("Proventure") announced that the board of trustees of Proventure has approved a cash distribution to Proventure unitholders of $0.05 per share for the first quarter of 2011. This represents $0.20 per share on an annualized basis. Payment will be made on or about April 15, 2011 to unitholders of record as of the close of business on March 31, 2011. Investors are cautioned that quarterly distributions are always subject to approval from the board of trustees of Proventure, and may be increased, decreased or suspended by the board at anytime.Proventure Income Fund is an open-ended mutual fund trust established under laws of the Province of Alberta. The Fund is in the commercial property development business and provides financing 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) Maximum News Dissemination by Filing Services Canada Inc.