Faircourt Gold Income Corp. Announces Net Asset Value for Annual Redemption of Class A Shares



    
    /THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR
    OVER UNITED STATES WIRE SERVICES/
    

    TORONTO, May 1 /CNW/ - Faircourt Asset Management Inc., the Manager of
Faircourt Gold Income Corp. (the "Company") (TSX: FGX; FGX.W), announces today
that Securityholders who tendered their Class A Shares for redemption on March
31, 2009 will be entitled to receive $7.8284 per Class A Shares, which is
equal to the Net Asset Value per Share calculated using a five day volume
weighted average price for exchange-traded securities held by the Company,
determined as of April 29, 2009 less the pro rata share of the aggregate of
all brokerage fees, commissions and other costs relating to disposition of
portfolio securities necessary to fund such redemption. Payment will be made
in full on May 22, 2009.

    %SEDAR: 00025881E




For further information:

For further information: on the Faircourt Funds, please visit
www.faircourtassetmgt.com or please contact: Charles Taerk, President and CEO
or Douglas Waterson, CFO & Portfolio Manager 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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