Bird Construction Income Fund Announces Award of Projects Totalling $123 Million

    TORONTO, March 20 /CNW/ - Bird Construction Income Fund announced that
Bird Construction Company has been awarded an $83 million contract for the
construction of the commercial portion of a mixed use retail and residential
development project in Vancouver, B.C. Work on the project will commence this
spring and is expected to be completed in the third quarter of 2010. Bird
Construction Company has also been awarded a $40 million concrete foundation
contract at an oil sands plant north of Fort McMurray, Alberta. Work on the
project started in March and is expected to be completed in April 2009.

    This press release contains forward-looking statements that involve a
number of risks and uncertainties because they relate to events and depend on
circumstances that will occur in the future. Many factors could cause actual
results and developments to differ materially from those expressed or implied
by these forward-looking statements. The Toronto Stock Exchange does not
accept responsibility for the adequacy or accuracy of this release.

For further information:

For further information: P.A. Charette, Chairman and C.E.O., Bird
Construction Company Limited as Administrator of Bird Construction Income
Fund, 5403 Eglinton Avenue West, Toronto, ON, M9C 5K6, Phone: (4l6) 620-7122,
Fax: (416) 620-1516

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Bird Construction Income Fund

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