WesternOne Equity Income Fund Announces Grand Opening of New Location in Southern Alberta



    VANCOUVER, June 26 /CNW/ - WesternOne Equity Income Fund ("WesternOne
Equity" or the "Fund") (TSX: WEQ.UN and WEQ.DB) today announced the Grand
Opening of a new location in Lethbridge, Alberta.
    On June 6th, 2008, WesternOne subsidiary Deerfoot Equipment Rentals
(operating under the Volvo Rents banner) officially launched their second
location in Lethbridge, Alberta.
    The Lethbridge Grand Opening included a barbeque with over 600 attendees,
featuring many local contractors involved in the construction, agricultural
and local industries. Our thanks go out to everyone who assisted in the
launch, including Deerfoot General Manager Geoff Shorten and his team in
Calgary, and our management team in Lethbridge.
    WesternOne CEO Darren Latoski said, "We are very pleased to announce the
launch of our second location under the Volvo Rents banner, well located in
the agricultural power centre of Lethbridge, Alberta. This location will offer
a diverse general rents product mix and WesternOne will look to further
develop our equipment fleet to cater to businesses and homeowners in the
construction, infrastructure and agricultural industries surrounding Southern
Alberta."
    WesternOne Equity, through its 100% ownership of Deerfoot Equipment
Rentals (a Volvo Rents franchisee operating in Calgary and now Lethbridge),
also owns the expansion rights to the economic and agricultural power centres
of Saskatoon and Regina in Saskatchewan and Cranbrook, BC.

    About WesternOne Equity
    -----------------------

    WesternOne Equity seeks to acquire predominantly equipment and
infrastructure related 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 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, www.weq.ca


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