Exchange Industrial Income Fund Announces August 2007 Distribution

    (TSXV: EIF.UN)

    WINNIPEG, Aug. 16 /CNW/ - Mr. Mike Pyle, President and Chief Executive
Officer of Exchange Industrial Income Fund (the "Fund"), is pleased to
announce that the Trustees of the Fund have declared a cash distribution of
$0.12 per unit for the month ended August 31, 2007, payable September 14,
2007, to unitholders of record at the close of business on August 31, 2007.
    Additional information relating to the Fund, including all public
filings, is available on SEDAR (

    The TSX Venture Exchange has neither approved nor disapproved the
    contents of this press release.

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For further information:

For further information: Contact Mike Pyle, President and CEO Exchange,
Industrial Income Fund, 509 - 167 Lombard Avenue, Winnipeg, MB, R3B 0V3,
Phone: (204) 982-1850, Fax: (204) 982-1855, E-mail:

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