Bird Construction Income Fund Announces New Project Awards

    TORONTO, June 18 /CNW/ - Bird Construction Income Fund announces that
operating subsidiaries of the Fund have recently been awarded three new
construction projects with a total value of $65.6 million. The projects
include the US Army Whole Barracks Renewal project in Fort Lewis, Washington,
a new Wal-Mart store in North Cowichan Bay, British Columbia and the
Hypochlorite and Chemical Storage Buildings which are part of the city water
treatment program in Winnipeg, Manitoba. The Wal-Mart and Chemical Storage
projects are scheduled to commence construction in the second quarter of 2007.
The Barracks project will commence construction following completion of the
design phase.
    Bird Construction Income Fund is pleased that branches across its
geographic operating area are continuing to contribute to the success of the

    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, 5405 Eglinton Avenue West, Suite 206, Toronto, ON, M9C 5K6, Phone: (4l6)
620-7122, Fax: (416) 620-1516

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