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Press release from CNW Group

Proventure Income Fund Announces Appointment of J. Michael Storey and David M. Calnan as New Trustees

Thursday, April 26, 2012

Proventure Income Fund Announces Appointment of J. Michael Storey and David M. Calnan as New Trustees18:02 EDT Thursday, April 26, 2012Symbol: PVT (TSX-V)CALGARY, April 26, 2012 /CNW/ - Proventure Income Fund ("Proventure" or the "Company") (TSX-V: PVT) held its Annual Meeting of Shareholders on April 25, 2012 where it re-elected Peter Lacey, Graham Drake, Steven Collicutt and Gary Harris, and elected J. Michael Storey and David M. Calnan to serve as trustees of the Company.Mr. Storey is a partner with the Property Development Group, a Vancouver based real estate development entity. Mr. Calnan is a partner with the Calgary based law firm Shea Nerland Calnan LLP.As Proventure considers strategic alternatives for its future, the board of trustees of Proventure considers the addition of these two individuals to the board to be in the best interests of Proventure and its unitholders.About Proventure Income FundProventure Income Fund is an open-ended mutual fund trust established on December 31, 2005 under the laws of the Province of Alberta. Proventure is in the business of owning and leasing commercial real estate. The units of Proventure Income Fund are listed on the TSX Venture Exchange and trade under the symbol "PVT.UN". For further information: Peter Lacey - President & CEO Telephone: (403) 567-0339 Fax: (403) 567-0392 Email: placey@cervuscorp.com Randy Muth - Chief Financial Officer Telephone: (403) 567-0339 Fax: (403) 567-0392 Email: rmuth@cervuscorp.com