Canadian Resources Income Trust Declares Monthly Distribution



    TORONTO, March 14 /CNW/ - The Board of Directors of CaRIT Limited in its
capacity as Trustee for Canadian Resources Income Trust (CaRIT) has declared a
cash distribution of $0.0710 per Trust Unit, payable on April 16, 2007 to
holders of record at the close of business on March 30, 2007. Consequently,
the new twelve month trailing distribution totals $1.2660 (2006 - $1.1310) per
Unit.
    The Trustee has called a meeting to take place on March 20, 2007 for the
purpose of considering extending the term of the Trust for another 3 years.
The Trustee has determined that enabling unitholders to have the opportunity
to continue their investment is in the best interest of unitholders and has
recommended that unitholders vote to approve such extension. Regardless of how
a unitholder votes, each unitholder will be entitled to retract their units on
April 5, 2007 and receive 100% of the net realized proceeds thereof. The
extension will not proceed if a sufficient number of unitholders tender their
units for retraction on April 5, 2007 such that the net asset value of the
Trust following such date would be less than $25 million. If the extension is
not approved at the meeting, the Trust will terminate as scheduled on or about
March 31, 2007. Unitholders are encouraged to read the notice of meeting and
related information circular which has been mailed to unitholders and
available on www.sedar.com in accordance with applicable securities laws.

    CaRIT is an investment trust which provides investors with high current
yield and low cost diversification through a fixed portfolio of trust units of
selected Canadian income funds focused primarily on the natural resources
industry.
    Unitholders are entitled to receive monthly distributions as declared by
the Trustee of CaRIT. The Trustee generally intends to declare and pay monthly
distributions to the extent of distributions received in the month from the
underlying income funds in CaRIT's portfolio, less CaRIT's estimated operating
expenses for the period. As distributions are received by CaRIT from the
underlying income funds on a varying payout schedule, amounts distributed by
CaRIT will fluctuate from month to month.
    Trust Units of CaRIT are listed for trading on The Toronto Stock Exchange
under the symbol RTU.UN.

    %SEDAR: 00002721E




For further information:

For further information: Investor Relations, CaRIT Limited, Trustee of
Canadian Resources Income Trust, (416) 863-7144, E-mail:
mc_carit@scotiacapital.com, Web site: www.scotiamanagedcompanies.com

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Canadian Resources Income Trust

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