Notice of SIR Royalty Income Fund's 2007 Year End Results Conference Call



    BURLINGTON, ON, Feb. 15 /CNW/ - SIR Royalty Income Fund (TSX: SRV.UN)
("the Fund") will release its fiscal 2007 fourth quarter and year end
financial results via www.newswire.ca following the close of markets on
February 21st, 2008. Management of the Fund will host a conference call on
February 22nd at 10:00 a.m. (ET) to review the financial results. The call
will be hosted by Peter Fowler, Chief Executive Officer ("CEO"), and Jeff
Good, Chief Financial Officer ("CFO").
    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
February 29th at midnight by calling 1-877-289-8525 or 416-640-1917, reference
number 21262581 followed by the number sign.

    About SIR Corp.

    SIR is a privately held Canadian corporation that owns and operates a
portfolio of more than 40 restaurants in Canada. SIR's concept brands include:
Jack Astor's Bar and Grill(R), with 24 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) & Petit Four(TM), 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 39 restaurants
currently included in the Royalty pool. For more information on SIR Corp. or
the SIR Royalty Income 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: Jeff Good, Chief Financial Officer, SIR Corp.,
Tel: (905) 681-2997; Bruce Wigle, Investor Relations, Tel: (416) 815-0700 ext.
228, Email: bwigle@equicomgroup.com


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