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Press release from CNW Group

Proventure Income Fund Provides Update on Special Distribution

Wednesday, December 14, 2011

Proventure Income Fund Provides Update on Special Distribution19:03 EST Wednesday, December 14, 2011Symbol: PVT.UN (TSX-V)CALGARY, Dec. 14, 2011 /CNW/ - Proventure Income Fund ("Proventure"), announced that payment of the special cash distribution to Proventure's unitholders of $1.41 per unit to unitholders of record as of the close of business on December 21, 2011 will now be made on or about December 28, 2011, not December 30, 2011 as announced previously.Proventure also wishes to announce that the special cash distribution will not be eligible for reinvestment under Proventure's distribution reinvestment plan.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