Canadian Helicopters Income Fund to disclose fourth quarter and year-end results on March 15, 2007

    IN THE U.S./

    MONTREAL, March 7 /CNW Telbec/ - Canadian Helicopters Income Fund (the
"Fund") (TSX: CHL.UN) will release its fourth quarter and year-end financial
results ending December 31, 2006, on Thursday March 15, 2007, at market close.
    The Canadian Helicopters Income Fund year-end financial results
conference call will take place Friday March 16, at 11:00 a.m. EDT to review
the financial results.
    To participate in this conference call, please dial one of the following
numbers approximately five minutes prior to the commencement.

              Local number:        514-807-8791 (Montreal)
              Toll free number:    800-732-0232

    Please state that you are participating in the Canadian Helicopters Income
Fund call.

    Should you be unable to participate, an instant replay will be available
until March 23, 2007 by dialing:

              Local number:        416-640-1917 (Toronto)
              Toll free number:    877-289-8525
              Access code:         21222719 followed by #

    We look forward to having you participate in our call.
    %SEDAR: 00022513EF

For further information:

For further information: Please visit our website at or contact: Jean-Pierre Blais, President, (450)
452-3007; Don Wall, Senior Executive Vice President, (780) 429-6919

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