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Press release from CNW Group

Exchange Income Corporation Announces Director Resignation

Friday, June 24, 2011

Exchange Income Corporation Announces Director Resignation07:00 EDT Friday, June 24, 2011WINNIPEG, June 24, 2011 /CNW/ - Exchange Income Corporation (TSX: EIF) (the "Corporation"), announced today that Mr. Allan McLeod tendered his resignation as a director due to time constraints arising as a result of other commitments.Gary Filmon, Chairman of the Corporation, stated "We would like to thank Allan for all his contributions to the growth and development of EIC and wish him all the best in his future endeavors."About Exchange Income Corporation Exchange Income Corporation is a diversified acquisition-oriented company, focused on opportunities in the industrial products and transportation sectors which are ideally suited for public markets except for their size. The strategy of the Corporation is to invest in profitable, well-established companies with strong cash flows operating in niche markets in Canada and/or the United States.The Corporation is currently operating in two niche business segments: aviation and specialty manufacturing. The aviation segment consists of the operations by Perimeter Aviation, Keewatin Air, Calm Air International and Bearskin Lake Air Service and the specialty manufacturing segment consists of the operations by Jasper Tank, Overlanders Manufacturing, Water Blast Manufacturing, Stainless Fabrication and WesTower Communications.  For more information on Exchange Income Corporation, please visit www.exchangeincomecorp.ca.Additional information relating to the Corporation, including all public filings, is available on SEDAR (www.sedar.com). For further information: Mike Pyle President and CEO Exchange Income Corporation (204) 982-1850 mpyle@eig.ca Joe Racanelli Investor Relations TMX Equicom Phone: (416) 815-0700 Ext. 243 jracanelli@equicomgroup.com