PDM Royalties Income Fund Announces Higher Fourth Quarter 2008 Same Store Sales

PDM.DB) (the "Fund") today reported an increase of 0.1 percent in same store
sales for the fourth quarter of 2008 for the royalty-pooled Pizza Delight(R),
Mikes(R), Scores(R), and Bâton Rouge(R) restaurants. These results compare
favourably to a 2007 fourth quarter same store sales decrease of 0.5%. Full
year same store sales increased 0.6 percent for the four brands compared to an
increase of 1.4 percent in the same period last year.

    - Pizza Delight led all brands in the fourth quarter with an increase of
      5.0%, compared to 1.7 percent growth in the same quarter last year.
      This is the twenty second quarter in a row of same sales growth which
      is very impressive in the restaurant industry. For the full year, Pizza
      Delight achieved same store sales growth of 4.3 percent compared to
      3.6 percent in 2007;

    - Mikes also continued its trend with an impressive 4.6% increase during
      the fourth quarter compared to a decrease of 1.7 percent in the same
      quarter last year. For the full year, Mikes was up 3.5% compared to a
      decrease of 2.1 percent the previous year. Management is confident that
      the Mike's brand turnaround strategy is working for its customers and

    - Scores recorded a 4.0% decrease in same stores sales in the fourth
      quarter compared to a 1.1% increase in the same quarter of 2007. For
      the full year, Scores recorded a 3.9 percent decrease in same store
      sales compared to a 6.3 percent increase in 2007.

    - Bâton Rouge same store sales decreased 5.3% compared to a 0.1% decrease
      in the same quarter of 2007. For the full year, Baton Rouge same store
      sales decreased 1.9 percent compared to growth of 0.7 percent in 2007.

    "Imvescor's diversity of brands and geographic locations continue to
provide stable overall financial and operating performance with certain
segments and regions continuing to report strong trends despite the very
difficult economic climate," said William Lane, Chief Financial Officer of

    About PDM Royalties Income Fund

    PDM Royalties Income Fund (the "Fund") is a limited purpose open-ended
trust established under the laws of Ontario. The Fund makes monthly
distributions of its available cash to holders of units. The Fund indirectly
owns the trademarks and intellectual property for the Pizza Delight(R),
Mikes(R), Scores(R) and Baton Rouge(R) brands and has licensed them to
Imvescor in consideration for a royalty equal to 4% of system sales for Pizza
Delight and Mikes, and in the case of Scores and Baton Rouge, the royalty rate
is 6%.

    About Imvescor

    Imvescor is a privately owned corporation, headquartered in Moncton, New
Brunswick. It operates franchised and corporate restaurants under the brand
names Pizza Delight, Mikes, Scores, and Baton Rouge restaurants. Pizza Delight
operates primarily in Atlantic Canada, where it dominates the family/mid-scale
segment. Mikes and Scores restaurants operate primarily in Quebec in the
family and casual dining segments and the take-out and delivery segments.
Baton Rouge has operations in Quebec and Ontario in the high end casual

    Forward-Looking Statements

    Certain information regarding the Fund contained herein may constitute
forward-looking statements within the meaning of applicable securities laws.
Forward-looking statements may include estimates, plans, expectations,
opinions, forecasts, projections, guidance or other statements that are not
statements of fact. Although the Fund believes that the expectations reflected
in such forward-looking statements are reasonable, it can give no assurance
that such expectations will prove to have been correct. The Fund cautions that
actual performance will be affected by a number of factors, many of which are
beyond the Fund's control, and that future events and results may vary
substantially from what the Fund currently foresees. Discussion of the various
factors that may affect future results is contained in the annual information
form of the Fund dated March 28, 2008 which is available at www.sedar.com. The
Fund's forward-looking statements are expressly qualified in their entirety by
this cautionary statement.
    %SEDAR: 00018600EF

For further information:

For further information: Mélanie Joly, Cohn & Wolfe/Montréal, (514)
845-2257 ext: 247; Or visit our web sites: www.pdmfund.ca, www.imvescor.ca,
www.pizzadelight.ca, www.mikes.ca, www.scores.ca,

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