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Press release from CNW Group

Proventure Income Fund Announces Special Distribution

Friday, December 09, 2011

Proventure Income Fund Announces Special Distribution17:07 EST Friday, December 09, 2011Symbol: PVT.UN (TSX-V)CALGARY, Dec. 9, 2011 /CNW/ - Proventure Income Fund ("Proventure"), announced that its board of trustees has approved a special cash distribution to Proventure's unitholders of $1.41 per unit. Payment will be made on or about December 30, 2011 to unitholders of record as of the close of business on December 21, 2011. Investors are cautioned that distributions are always subject to approval from the board of trustees of Proventure and may be increased, decreased or suspended by the board at any time.Proventure is an open-ended mutual fund trust established under laws of the Province of Alberta. Proventure is in the commercial property development business and provides financing and leases real estate to Cervus Equipment Corporation. The units of Proventure are listed on the TSX Venture Exchange and trade under the symbol "PVT.UN".This press release contains forward-looking statements subject to various risk factors and uncertainties, which may cause the actual results, performances or achievements of Proventure to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements.Neither 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.For further information: Peter Lacey - President & CEOof Proventure Income Fund Telephone: (403) 567-0339 Fax: (403) 567-0392 Email: placey@cervuscorp.com         Randy Muth - Chief Financial Officerof Proventure Income Fund  Telephone: (403) 567-0339 Fax: (403) 567-0392 Email: rmuth@cervuscorp.com