Gamehost Income Fund announces regular monthly distribution

    Gamehost Income Fund (TSXV: GH.UN)

    RED DEER, AB, Jan. 17 /CNW/ - Gamehost Income Fund has declared a cash
distribution for the month of January 2008 of $0.20 per trust unit. The
distribution will be paid on February 15, 2008 to unit holders of record on
January 31, 2008. The ex-distribution date is January 29, 2008.

    The Fund is an unincorporated open-ended limited purpose trust
established under the laws of the Province of Alberta. The Fund's activities
are currently confined to the Province of Alberta, Canada. Operations include
the Boomtown Casino in Ft. McMurray, the Great Northern Casino, Service Plus
Inns & Suites and a strip mall all located in Grande Prairie. The Fund is also
a 40% joint venture partner in Deerfoot Inn & Casino Inc. in Calgary.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

    Complete Fund disclosure can be found on SEDAR at
Additional information on the Fund can be found on the Fund's website at

    %SEDAR: 00019487E

For further information:

For further information: Investor Relations, P (403) 346-4545, F (403)
340-0683, E

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