Tim Hortons Inc. Announces Date for Q1 Results and Conference Call

    Annual Shareholders' Meeting to be held at 10:00 a.m. (Eastern) on
    Friday, May 4, 2007 in Hamilton, Ontario

    OAKVILLE, ON, April 3 /CNW/ - Tim Hortons Inc. (NYSE:  THI; TSX: THI) today
announced the date of its release of first quarter results.
    The company will release its first quarter results on Thursday, May 3
after markets close. A conference call discussing the results will begin at
4:30 p.m. (Eastern). Investors and the public may participate in the
conference call by:

    -   Phone: The dial-in number is (416) 641-6712. No access code is
        required. A replay of the call will be available until midnight,
        May 10 and can be accessed at (416) 626-4100. The reservation number
        for the replay of the call is 21334936.
    -   Simultaneous Web Cast: Available at www.timhortons.com. The call will
        also be archived at that site.

    Tim Hortons Annual Shareholders' Meeting
    Tim Hortons will hold its First Annual Shareholders' Meeting on Friday,
May 4, 2007, at 10:00 a.m., (Eastern) at Theatre Aquarius, 190 King William
Street, Hamilton, Ontario, Canada. A live web cast of the event will also be
available at www.timhortons.com.
    Forty-three years ago, on May 17, 1964, the first Tim Hortons location
was opened at 64 Ottawa Street North, near Dunsmure Rd., approximately
4 kilometers (2.67 miles) from the Theatre Aquarius location, where it
continues to operate.

    Safe Harbor Statement
    Certain information in this news release, particularly information
regarding future economic performance and finances, and plans, expectations
and objectives of management, is forward-looking. Factors set forth in the
Company's Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995, including by reference the "risk factors" outlined in the
Company's most recent Form 10-K filed March 9, 2006, in addition to other
possible factors not listed or described in the Safe Harbor Statement, could
affect the Company's actual results and cause such results to differ
materially from those expressed in forward-looking statements. As such,
readers are cautioned not to place undue reliance on forward-looking
statements contained in this news release, which speak only as of the date
hereof. Except as required by federal or provincial securities laws, the
Company undertakes no obligation to publicly release any revisions to the
forward looking statements contained in this release, or to update them to
reflect events or circumstances occurring after the date of this release, or
to reflect the occurrence of unanticipated events, even if new information,
future events or other circumstances have made the forward-looking statements
incorrect or misleading. Please review the Company's Safe Harbor Statement at

    Tim Hortons Inc. Overview
    Tim Hortons is Canada's largest quick service restaurant chain. Founded
in 1964 as a coffee and donut shop, Tim Hortons has evolved to meet consumer
tastes, with a menu that now includes premium coffee, flavored cappuccinos,
specialty teas, home-style soups, fresh sandwiches and fresh baked goods. As
of October 1, 2006, Tim Hortons system-wide restaurants numbered 2,637 in
Canada and 305 in the United States. More information about the Company is
available at www.timhortons.com.

For further information:

For further information: INVESTORS: Paul Carpino, (905) 339-6186, or
carpino_paul@timhortons.com; MEDIA: Rachel Douglas, (905) 339-6277, or

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