Algonquin Power Venture Fund Board of Directors loses member following brief illness

    OAKVILLE, ON, April 10 /CNW/ - The Board of Directors of the Algonquin
Power Venture Fund Inc. ("the Fund") are saddened to announce the loss of one
of their members. Mr. Ralph Ortlieb, President of International Union of
Allied, Novelty & Production Workers, Local 905 passed away on March 21, 2007
after a brief illness. Mr. Ortlieb served as an independent member of the
board of directors of the Fund since its inception. His presence will be
sorely missed by his fellow board members and the Fund's management team.
    "On behalf of everyone at Algonquin Power, we wish to express our deepest
sympathies to Mr. Ortlieb's family, friends and colleagues. Ralph will be well
remembered for his pragmatic manner and contributions to the success of the
Fund" said Fund Director Chris Jarratt. The board of directors is expected to
conduct a search in the near term in order to fill the board vacancy.

    The Algonquin Power Venture Fund invests in small and mid sized Canadian
businesses engaged in electrical power generation, distribution and
infrastructure sectors providing individual investors in Ontario a unique
opportunity to participate in the growth of independent electrical power

For further information:

For further information: Jeff Norman, President, (905) 465-4547 or Greg
Owttrim, Executive Vice President, (905) 465-4535

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