OCEANEX INCOME FUND confirms cash distribution payable in May 2007



    MONTREAL, April 27 /CNW Telbec/ - (TSX: OAX.UN) OCEANEX INCOME FUND
("Oceanex") today confirms, for the 112th consecutive month, a cash
distribution of $0.0937 per trust unit. This monthly distribution will be paid
on May 15, 2007 to all unitholders of record on May 8, 2007.
    With the distribution of April 2007, Oceanex will have paid a total of
$1.1244 per trust unit during the previous twelve-month period (May 2006
through April 2007) and $10.39 per trust unit since inception in January 1998.
    Oceanex expects to continue its monthly distribution of $0.0937 per trust
unit.

    Oceanex is a Montreal based limited purpose trust that operates through
its wholly owned subsidiary, an intermodal transportation business in Canada.
Trust units of OCEANEX INCOME FUND are traded on the Toronto Stock Exchange
under the symbol "OAX.UN".
    Learn more about us at the Oceanex website (oceanex.com).
    %SEDAR: 00009429EF




For further information:

For further information: Daniel Bélisle, (514) 875-9244

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OCEANEX INCOME FUND

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