Provides notice of release of 2007 third quarter financial results and conference call

    EDMONTON, Oct. 30 /CNW/ - AutoCanada Income Fund ("AutoCanada")
(TSX:ACQ.UN) will release its 2007 third quarter financial results on Tuesday,
November 13, 2007. Pat Priestner, Chief Executive Officer of AutoCanada, will
host an open conference call to discuss the results on Tuesday, November 13,
2007, at 1:00 p.m. MST, 3:00 p.m. EST.
    To participate in the conference call, please dial 1-866-249-1964 or
416-644-3419 approximately 10 minutes prior to the call. An archived recording
of the call will be available shortly after the completion of the call through
Tuesday, November 20, 2007 by dialling 1-877-289-8525 or 416-640-1917 and
entering pass code 21249815 followed by the number sign. A live and archived
audio Webcast of the conference call will also be available on AutoCanada's
website at

    About AutoCanada
    AutoCanada is Canada's only publicly traded entity with interests
exclusively in the operation of franchised automobile dealerships. Through its
54% interest in AutoCanada LP, it operates or manages 19 franchised automobile
dealerships in six provinces and has over 940 employees. It currently sells
various new vehicle brands, including Chrysler, Dodge, Jeep(R), Hyundai,
Mitsubishi, Subaru, and, through managed dealerships, Nissan. In 2006, its
franchised automobile dealerships sold approximately 19,350 vehicles and
processed approximately 215,000 service and collision repair orders in
245 service bays, generating revenue of approximately $694 million.
    Additional information about AutoCanada Income Fund is available at and the Fund's website at

For further information:

For further information: Tom Orysiuk, CA, Executive Vice-President and
Chief Financial Officer, Phone: (780) 732-3139, Email:

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