Osprey Media Income Fund announces distribution payable May 15, 2007

    MARKHAM, ON, April 17 /CNW/ - Osprey Media Income Fund (TSX: OSP.UN)
announces that a regular monthly cash distribution of $0.064 per Unit will be
paid on May 15, 2007 to holders of record of Units as at the close of business
on April 30, 2007 in respect of the period from April 1 to April 30, 2007.

    Osprey Media Income Fund is one of Canada's leading publishers of daily
and non-daily newspapers, magazines and specialty publications. Its
publications include 21 daily newspapers and 33 non-daily newspapers together
with shopping guides, magazines and other publications.

    %SEDAR: 00020458E

For further information:

For further information: John Leader, CFO & Senior Vice President,
Finance, Osprey Media Income Fund, (905) 752-1132 x 223,

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