Principal unitholder of DirectCash Income Fund (Atlantis Financial Corp.)
announces changes to holdings of units

CALGARY, July 7 /CNW/ - ATLANTIS FINANCIAL CORP. ("Atlantis"), a corporation wholly controlled owned by Jeffrey J. Smith ("J. Smith") and members of his family of Calgary, Alberta, announced today that as a result of the sale of 190,000 Participating Trust Units by Atlantis on July 5, 2010, and certain other normal course transactions that occurred since J. Smith last filed an Early Warning Report in December, 2008, J. Smith's holdings (directly and through Atlantis) in DirectCash Units has changed from 2,478,004 Units to 2,373,327 Units.

After giving effect to this transaction, J. Smith (directly and through Atlantis) holds 2,373,327 Units (19.03% of total). At present, J. Smith has no intention to increase or further decrease his holdings of DirectCash.

As of July 7, 2010 DirectCash has outstanding a total of 12,469,279 Units, comprised of 8,321,775 Participating Trust Units (i.e. the listed Units) and 4,147,504 Special Voting Units (which are not listed).

J. Smith has filed a report under Section 5.2(2) of Multilateral Instrument 62-104 - Takeover Bids and Issuer Bids containing additional and more detailed information as compared to the information in this press release (an "Early Warning Report"). Copies of the entire Early Warning Report are available on SEDAR.

SOURCE DIRECTCASH INCOME FUND

For further information: For further information: The person who may be contacted for further information (including obtaining a copy of the Early Warning Report) is: Jeffrey J. Smith, Telephone: (403) 387-2101, Email: jeff@directcash.net

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DIRECTCASH INCOME FUND

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