Teranet Income Fund Announces Distribution for April 2007



    TORONTO, April 17 /CNW/ - Teranet Income Fund (TSX: TF.UN) today
announced a cash distribution of $0.0625 per unit for the period from April 1,
2007 to April 30, 2007.
    The cash distribution will be paid on May 15, 2007, to unitholders of
record at the close of business on April 30, 2007.

    About Teranet Income Fund and Teranet

    Teranet Income Fund is an unincorporated, open-ended trust established
under the laws of Ontario by way of a declaration of trust. The Fund was
created to indirectly acquire all of the outstanding shares of Teranet Inc..
The units of the Fund trade on the Toronto Stock Exchange under the symbol
TF.UN.

    Teranet is a leading provider of integrated land-based information
products and services. Teranet operates in Ontario and provides access to the
Ontario Electronic Land Registration System ("ELRS") through its proprietary
application, Teraview(R) software. This product enables customers to conduct
electronic registrations as well as title and writ searches relating to real
property. Teranet has the exclusive right to access the data in and operate
the ELRS and the Writs of Execution database, and create and market
value-added products and services in connection with the ELRS and writs until
March 31, 2017. These licences extend on a non-exclusive basis in perpetuity
for the ELRS and until 2047 for writs. Teranet has leveraged its core
capabilities to create electronic service offerings in complementary
information and e-commerce areas.





For further information:

For further information: Bonnie Foster, Vice President, Corporate
Communications, (416) 643-1095, bonnie.foster@teranet.ca, www.teranet.ca

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TERANET INCOME FUND

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