Chemtrade Logistics Income Fund continues to evaluate strategic alternatives

    TORONTO, June 13 /CNW/ - In response to recent press speculation
regarding the possible sale of Chemtrade Logistics Income Fund (TSX: CHE.UN),
the Fund announced that consistent with its press release dated February 28,
2007, Chemtrade continues to evaluate strategic alternatives available to
maximize unitholder value. There can be no assurance that the review will
result in any specific transaction, or that such a transaction can be
consummated at or above the current trading price of the units.

    Chemtrade operates a diversified business providing industrial chemicals
and services to customers in North America and around the world. Chemtrade is
one of the world's largest suppliers of sulphuric acid, liquid sulphur dioxide
and sodium hydrosulphite, and a leading processor of spent acid. Chemtrade is
also a leading regional supplier of sulphur, sodium chlorate, phosphorous
pentasulphide, and zinc oxide.

    This news release contains certain statements which may constitute
"forward-looking" statements within the meaning of certain securities laws,
including the "safe harbour" provisions of the Securities Act (Ontario). The
use of any of the words "anticipate", "continue", estimate", "expect", "may",
"will", "project", "should", "believe" and similar expressions are intended to
identify forward-looking statements.
    -  This news release contains forward-looking statements about the
       objectives, strategies, financial condition, results of operations and
       businesses of the Fund. These statements are "forward-looking" as they
       are based on current expectations about our business and the markets
       we operate in, and on various estimates and assumptions.

    -  Forward-looking statements in this news release describe our
       expectations as of the date of this news release.

    -  Our actual results could be materially different from our expectations
       if known or unknown risks affect our business, or if our estimates or
       assumptions turn out to be inaccurate. As a result, we cannot
       guarantee that any forward-looking statement will materialize.

    -  Forward-looking statements do not take into account the effect that
       transactions or non-recurring items announced or occurring after the
       statements are made may have on our business.

    -  We disclaim any intention or obligation to update any forward-looking
       statement even if new information becomes available, as a result of
       future events or for any other reason.

    -  Risks that could cause our actual results to differ materially from
       our current expectations are discussed in the RISKS AND UNCERTAINTIES
       section of our MD&A.

    -  Further information can be found in the disclosure documents filed by
       Chemtrade Logistics Income Fund with the securities regulatory
       authorities, available at

    %SEDAR: 00016317E

For further information:

For further information: Mark Davis, Chief Executive Officer, Tel: (416)
496-4176; Rohit Bhardwaj, Vice-President, Finance and CFO, Tel: (416)

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