Teranet Secures Extension of Credit Agreement



    TORONTO, June 16 /CNW/ - Teranet Income Fund (TSX: TF.UN) today announced
that Teranet Inc. has formally executed the previously announced amendment
(the "Third Amendment") to the $200 million credit agreement (the "Credit
Agreement") with a syndicate of lenders. The Third Amendment provides for an
extension of the relevant repayment date under the Credit Agreement for an
additional two years through to June 16, 2011 under similar terms to the
existing Credit Agreement.
    "We now have facilities in place to take us through to completion of the
ELRS implementation project and a potential transition to a corporate
structure in 2011," said Brian Kyle, Vice President Finance and Chief
Financial Officer. "Particularly given today's credit environment, this
demonstrates the confidence of our banking partners in our stability and
growth strategy."
    The Third Amendment to the Credit Agreement will be filed on SEDAR at
www.sedar.com.

    About Teranet

    Teranet offers e-services to the legal, real estate, government,
financial and healthcare markets. Teranet provides exclusive access to
Ontario's Electronic Land Registration System ("ELRS"), enabling customers to
conduct electronic registrations as well as title and writ searches relating
to real property. Teranet has also leveraged its core competencies to create
electronic service offerings in complementary areas. Teranet's comprehensive
products and services include property information, transaction management,
collateral risk management, geospatial information, workflow software and
enterprise solutions. Teranet Income Fund units are listed on the Toronto
Stock Exchange under the symbol TF.UN. For more information about Teranet,
visit www.teranet.ca.

    Forward-Looking Statements

    This news release contains statements that, other than statements of
historical fact, may be forward-looking statements about the objectives,
financial condition and results of operations of the Fund. These statements
are forward-looking and reflect management's current views and are based on
certain assumptions and expectations. Actual results could be materially
different from expectations if known or unknown risks affect the business, or
if estimates or assumptions turn out to be inaccurate. No forward-looking
statement is a guarantee of future results. Investors are cautioned not to
place undue reliance on such forward-looking statements. Forward-looking
statements do not take into account the effect that transactions or
non-recurring items announced or occurring after the statements are made may
have on the business. Teranet disclaims any intention or obligation to update
any forward-looking statement even if new information becomes available, as a
result of future events or for any other reason, except as required by law.
These statements are subject to a number of risks described in the Risks and
Uncertainties section of the third quarter MD&A, which is available at
www.sedar.com. Risks and Uncertainties may cause actual results to differ
materially from those contained in forward-looking statements.





For further information:

For further information: Tanis Robinson, Manager, Investor Relations,
(416) 643-1096, tanis.robinson@teranet.ca

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TERANET INCOME FUND

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