Faircourt Gold Income Corp. Announces Exercise Of Over-Allotment Option



    /THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES./

    TORONTO, Dec. 13 /CNW/ - Faircourt Asset Management Inc., the Manager of
Faircourt Gold Income Corp. (the "Company"), is pleased to announce the
exercise by CIBC World Markets Inc., on behalf of the syndicate of agents, of
the over-allotment option granted to them in connection with the Company's
initial public offering of units ("Units") that closed on November 16, 2007.
Each Unit consisted of one Class A share ("Share") and one-half of a warrant
("Warrant"). As a result of the exercise of the over-allotment option 146,000
Shares and 99,000 Warrants were issued for aggregate gross proceeds of
$1,480,800. This brings the gross proceeds raised in the initial public
offering to $23,480,800. Both the Shares and Warrants are listed on the
Toronto Stock Exchange under the symbols FGX and FGX.WT, respectively.
    The syndicate of agents for the offering was co-led by CIBC World Markets
Inc. and BMO Nesbitt Burns Inc., and included National Bank Financial Inc.,
Scotia Capital Inc., TD Securities Inc., Canaccord Capital Corporation, Dundee
Securities Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd.,
Blackmont Capital Inc., Desjardins Securities Inc., Richardson Partners
Financial Limited and Wellington West Capital Inc.
    For information concerning the Company or the Offering please refer to
the final prospectus, a copy of which may be obtained from your financial
advisor. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale or any acceptance
of an offer to buy these securities in any jurisdiction in which the
securities are not qualified for sale.





For further information:

For further information: Charles Taerk, President, or Douglas Waterson,
CFO, at (416) 364-8989 or 1-800-831-0304

Organization Profile

Faircourt Gold Income Corp.

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Faircourt Asset Management Inc.

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