Lakeport Brewing Income Fund Announces Monthly Cash Distribution



    HAMILTON, ON, March 16 /CNW/ - Lakeport Brewing Income Fund (the "Fund")
(TSX: TFR.UN), an Ontario-based brewer of value-priced quality beer, today
announced its cash distribution of $0.14 per trust unit for the period from
March 1 to March 31, 2007. The distribution will be payable on April 13, 2007
to unitholders of record on March 28, 2007. In the event the previously
announced acquisition by Labatt Brewing Company Limited is completed prior to
March 31, 2007, the $0.14 per unit distribution will be prorated to reflect
the number of calendar days commencing March 1 and terminating on the date
that Labatt takes up the Fund units pursuant to its offer.

    About Lakeport

    Lakeport is an Ontario-based brewery focused on producing value-priced
quality beer in Ontario. Lakeport produces nine proprietary beer brands.
Lakeport has more than 200 employees at its production facility in Hamilton,
Ontario.
    Certain statements in this press release may constitute "forward-looking"
statements that involve known and unknown risks, uncertainties and other
factors which may cause actual results, performance or achievements of the
Fund to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. When
used in this press release, such statements use such words as "may", "will",
"expect", "anticipate", "project", "believe", "plan", and other similar
terminology. The risks and uncertainties are detailed from time to time in
reports filed by the Fund with the securities regulatory authorities in all of
the provinces and territories of Canada to which recipients of this press
release are referred for additional information concerning the Fund, its
prospects and the risks and uncertainties relating to the Fund and its
prospects. New risk factors may arise from time to time and it is not possible
for management to predict all of those risk factors or the extent to which any
factor or combination of factors may cause actual results, performance and
achievements of the Fund to be materially different from those contained in
forward-looking statements. The forward-looking information contained in this
press release is current only as of the date of this press release. There
should not be an expectation that such information will in all circumstances
be updated, supplemented or revised whether as a result of new information,
changing circumstances, future events or otherwise.

    To find out more about Lakeport Brewing Income Fund (TSX: TFR.UN), visit
our website at http://www.lakeportbrewing.ca/.





For further information:

For further information: Teresa Cascioli, Chair and Chief Executive
Officer, Lakeport Brewing Income Fund, investor.relations@lakeportbrewing.ca

Organization Profile

LAKEPORT BREWING INCOME FUND

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