Advantage Announces Monthly Distribution

    (TSX: AVN.UN, NYSE:   AAV)

    CALGARY, Aug. 10 /CNW/ - Advantage Energy Income Fund ("Advantage" or the
"Fund") announces that the cash distribution for the month of August will be
$0.15 per Unit. The distribution represents an annualized yield of 14.2% based
on the August 9, 2007 closing price of $12.65 per Unit.
    The distribution will be payable on September 17, 2007 to Unitholders of
record at the close of business on August 31, 2007. The ex-distribution date
is August 29, 2007. The cash distribution is based on approximately
116.6 million Units outstanding.
    The CDN$0.15 per Unit is equivalent to approximately US$0.14 per Unit if
converted using a Canadian/US dollar exchange rate of 1.06. The US dollar
equivalent distribution will be based upon the actual Canadian/US exchange
rate applied on the payment date and will be net of any Canadian withholding
taxes that may apply.

    %SEDAR: 00016522E          %CIK: 0001259995

For further information:

For further information: Investor Relations, Toll free: 1-866-393-0393,
Advantage Energy Income Fund, 3100, 150 - 6th Avenue SW, Calgary, Alberta, T2P
3Y7, Phone: (403) 261-8810, Fax: (403) 262-0723, Web Site:, E-mail:

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