Principal unitholder of DirectCash Income Fund (Polihale Investments Ltd.)
announces changes to holdings of units

CALGARY, July 7 /CNW/ - POLIHALE INVESTMENTS LTD. ("Polihale"), a corporation wholly owned by Susan M. Gallacher ("S. Gallacher") of Calgary, Alberta, announced today that as a result of the sale of 190,000 Participating Trust Units by Polihale on July 5, 2010, and certain other normal course transactions that occurred since S. Gallacher last filed an Early Warning Report in December, 2008, S. Gallacher's holdings (directly and through Polihale) in DirectCash Units has changed from 2,399,929 Units to 2,167,667 Units.

After giving effect to this transaction, S. Gallacher (directly and through Polihale) holds 2,167,667 Units (17.38% of total). At present, S. Gallacher has no intention to increase or further decrease her 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).

S. Gallacher 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: Susan M. Gallacher, Telephone: (403) 387-2102, Email: sgallacher@directcashbank.com

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DIRECTCASH INCOME FUND

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