Notice of SIR Royalty Income Fund's 2006 year end results conference call



    BURLINGTON, ON, March 22 /CNW/ - SIR Royalty Income Fund (TSX: SRV.UN)
("the Fund") will release its fiscal 2006 fourth quarter and year end
financial results via www.newswire.ca following the close of markets on
March 29, 2007. Management of the Fund will host a conference call on
March 30th at 10:30 am (EST) to review the financial results. The call will be
hosted by Peter Fowler, President and CEO, and Jeff Good, Chief Financial
Officer.
    A live audio webcast of the conference call will be available through
www.sircorp.com. Please connect at least 15 minutes prior to the conference
call to ensure adequate time for any software download that may be needed to
hear the webcast. An archived replay of the webcast will be available for
90 days.
    A taped replay of the conference call will also be available until Friday
April 6th at midnight by calling 1-877-289-8525 or 416-640-1917, reference
number 21219831, followed by the number sign.

    About SIR Corp. ("SIR")
    SIR is a privately held Canadian corporation that owns and operates a
portfolio of more than 38 restaurants in Canada. SIR's concept brands include:
Jack Astor's(R) Bar and Grill, with 22 locations; Alice Fazooli's!(R), with
five locations; and Canyon Creek Chop House(R), with seven locations. SIR also
operates one-of-a-kind "signature" brands in downtown Toronto, which comprise
the upscale reds(R), Far Niente(R) & Soul of the Vine(R), Brasserie
Frisco(TM), the casual Armadillo Texas Grill(R) and the Loose Moose Tap &
Grill(R). All trademarks related to the concept and signature brands noted
above are used by SIR under a license agreement with SIR Royalty Limited
Partnership in consideration for a Royalty, payable by SIR to the Partnership,
equal to six percent of the revenue of the 38 restaurants currently included
in the Royalty Pool. For more information on SIR or the Fund, please visit
www.sircorp.com.

    About SIR Royalty Income Fund
    The Fund is a trust governed by the laws of the province of Ontario that
receives distribution income from its investment in the SIR Royalty Limited
Partnership and interest income from the SIR Loan. The Fund intends to pay
distributions to unitholders on a monthly basis.

    %SEDAR: 00020914E




For further information:

For further information: Peter Fowler, President & CEO, SIR Corp., Tel:
(905) 681-2997; Bruce Wigle, Investor Relations, Tel: (416) 815-0700 ext. 228,
Email: bwigle@equicomgroup.com


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