Gamehost Income Fund announces regular monthly distribution

    Gamehost Income Fund (TSX: GH.UN)

    RED DEER, AB, Oct. 15 /CNW/ - Gamehost Income Fund has declared a cash
distribution for the month of October 2008 of $0.0733 per unit. The
distribution will be paid on November 14, 2008 to unit holders of record on
October 31, 2008. The ex-distribution date is October 29, 2008.

    Gamehost Income 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 of the Fund 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 and a 20% joint venture partner in the new Stampede
Casino in Calgary.

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

    Complete disclosure of the Fund 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: Craig M. Thomas or Darcy J. Will, P (403)
346-4545, F (403) 340-0683, E

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