Golf Town announces August distribution

    TORONTO, Aug. 20 /CNW/ - Golf Town Income Fund today announced a regular
cash distribution of $0.1041666 per unit for the month of August to be paid on
or before September 15, 2007 to unitholders of record at the close of business
on August 31, 2007.

    Golf Town is the largest retailer of golf merchandise in Canada. Golf
Town was founded in 1998 and now operates 32 stores across the country. Golf
Town Income Fund's units are listed on the Toronto Stock Exchange under the
symbol GLF.UN.

    %SEDAR: 00021322E

For further information:

For further information: Stephen Bebis, President and CEO, at (905)

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