Shareholders approve amendment to fundamental investment objective of
Faircourt Global Income Advantage Class Mutual Fund and plan to merge with
Faircourt Gold Income Corp.

/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES./

TORONTO, Dec. 11 /CNW/ - The special meeting of shareholders of Faircourt Global Income Advantage Class mutual fund (the "Fund") was held today at which the shareholders present in person or represented by proxy voted in favour of a special resolution amending the fundamental investment objective of the Fund and authorizing the merger (the "Merger") of the Fund and Faircourt Gold Income Corp. ("FGX"). The Merger is expected to occur on or about December 15, 2009, (the "Termination Date") at which time all of the outstanding shares of the Fund will be exchanged for shares of FGX and the Fund will be terminated.

On the Termination Date, all shareholders remaining will receive FGX shares in the amount equivalent to the net asset value per Fund share multiplied by the number of shares of the Fund held by such shareholder. Shareholders who do not wish to participate in the Merger are reminded that they should redeem their shares in the Fund prior to the Termination Date.

The Merger gives shareholders of the Fund the opportunity to hold securities of a fund with a leading management team, increased trading liquidity and a lower expense ratio (including the elimination of deferred sales charges of the Fund). FGX invests in a portfolio consisting primarily of common shares of senior and intermediate gold producers. FGX may also invest up to 30% of its net asset value in gold bullion.

SOURCE Faircourt Asset Management Inc.

For further information: For further information: For a copy of the Management Information Circular dated November 16, 2009 or additional information regarding the Fund or FGX, please visit www.sedar.com or contact Faircourt Client Service at (416) 364-8989 or toll-free at 1-800-831-0304

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Faircourt Asset Management Inc.

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