WesternOne Equity Income Fund Announces Appointment of New Chief Financial Officer



    /NOT FOR DISTRIBUTION TO US WIRE SERVICES OR FOR DISSEMINATION IN THE
    US./

    VANCOUVER, Sept. 10 /CNW/ - WesternOne Equity Income Fund ("WesternOne
Equity") (TSXV: WEQ.UN and WEQ.DB) today announced that it has appointed
Carlos Yam as the new Chief Financial Officer of WesternOne Equity, effective
October 1, 2007, at which time Robert Hibberd, the current Chief Financial
Officer, will assume the newly created position of Vice President,
Acquisitions.
    "Mr. Yam comes with highly desirable professional credentials, and we are
pleased to welcome him to WesternOne Equity, in addition to extending our
gratitude to Mr. Hibberd for his hard work" said Darren Latoski, Chief
Executive Officer. Mr. Latoski also thanked Mr. Hibberd for his contribution
in establishing WesternOne Equity in 2006, and welcomes him to the newly
created role dedicated to acquisitions.
    Mr. Yam is a Chartered Accountant (British Columbia) and a Certified
Public Accountant (Illinois). In 2003, Mr. Yam joined Intrawest ULC (formerly
Intrawest Corp.) and since 2004 has been Director of Financial Planning with
Intrawest Placemaking, the resort real estate development division. Prior to
this, Mr. Yam worked in the Financial Advisory Services Department of
PricewaterhouseCoopers in Vancouver. His experience included working with
public companies and private businesses to perform acquisition, divestiture,
refinancing, forensic and litigation support related services.

    About WesternOne Equity
    -----------------------
    WesternOne Equity has been established to seek out and acquire
predominantly privately owned businesses located primarily in the Western
Canadian provinces of British Columbia, Alberta and Saskatchewan, in order to
generate stable and growing distributions to its unitholders as well as to
achieve overall capital appreciation.
    Additional information about WesternOne Equity is available at www.weq.ca
or www.sedar.com

    THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
    RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.





For further information:

For further information: Andrew Greig, Manager of Investor Relations,
WesternOne Equity Income Fund, Suite 910, 925 West Georgia Street, Vancouver,
BC, V6C 3L2, Phone: (604) 678-4042, E-mail: agreig@weq.ca


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