Teranet Income Fund to Hold First Quarter Results Conference Call

    TORONTO, April 26 /CNW/ - Teranet Income Fund (TSX: TF.UN) today
announced it will hold a conference call and live audio webcast on Thursday,
May 10, 2007 at 10 a.m. (ET) to discuss the Fund's financial results for the
period ended March 31, 2007.
    A news release announcing the Fund's results will be issued prior to the
    The call will be hosted by Aris Kaplanis, President and Chief Executive
Officer, and Brian Kyle, Chief Financial Officer. Following management's
presentation, there will be a question and answer session for analysts and
institutional investors.
    To participate in the teleconference, please dial 416-644-3420 or
1-800-731-5319. To access the live audio webcast, please visit Teranet's web
site at www.teranet.ca.
    The call will be archived on the web site as a webcast and a podcast. A
replay of the conference call will be available until end of day on Thursday,
May 17, 2007. To access the replay, please dial 416-640-1917 or 1-877-289-8525
and enter the passcode 21227591 followed by the number sign.

    About Teranet Income Fund and Teranet

    Teranet Income Fund is an unincorporated, open-ended trust established
under the laws of Ontario by way of a declaration of trust. The Fund was
created to indirectly acquire all of the outstanding shares of Teranet Inc.
The units of the Fund trade on the Toronto Stock Exchange under the symbol
    Teranet is a leading provider of integrated land-based information
products and services. Teranet operates in Ontario and provides access to the
Ontario Electronic Land Registration System ("ELRS") through its proprietary
application, Teraview(R) software. This product enables customers to conduct
electronic registrations as well as title and writ searches relating to real
property. Teranet has the exclusive right to access the data in and operate
the ELRS and the Writs of Execution database, and create and market
value-added products and services in connection with the ELRS and writs until
March 31, 2017. These licences extend on a non-exclusive basis in perpetuity
for the ELRS and until 2047 for writs. Teranet has leveraged its core
capabilities to create electronic service offerings in complementary
information and e-commerce areas.

For further information:

For further information: Bonnie Foster, Vice President Corporate
Communications, (416) 643-1095, bonnie.foster@teranet.ca, www.teranet.ca

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