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Lakeport Brewing Income Fund Announces Monthly Cash Distribution

Lakeport Brewing Income Fund (the Fund) (TSX: TFR.UN), an Ontario-based brewer of value-priced quality beer, today announced its cash distribution of $0.10 per trust unit for the period from March 1, 2006 to March 31, 2006. The distribution will be payable on April 13, 2006 to unitholders of record on March 31, 2006.

About Lakeport Brewing

Lakeport Brewing Income Fund is an Ontario-based brewery focused on producing value-priced quality beer for the Ontario take-home market. Lakeport pioneered the "24 for $24" value segment. Lakeport produces nine proprietary beer brands, one of which, Lakeport Honey Lager, is one of the top selling brands in The Beer Store. Lakeport has more than 170 full-time employees at its production facilities in Hamilton, Ontario. The Fund's units trade on the TSX under the symbol TFR.UN (TFR stands for 'two-four').

Certain statements in this press release may constitute "forward-looking" statements that involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Fund to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, such statements use such words as "may", "will", "expect", "anticipate", "project", "believe", "plan", and other similar terminology. The risks and uncertainties are detailed from time to time in reports filed by the Fund with the securities regulatory authorities in all of the provinces and territories of Canada to which recipients of this press release are referred for additional information concerning the Fund, its prospects and the risks and uncertainties relating to the Fund and its prospects. New risk factors may arise from time to time and it is not possible for management to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance and achievements of the Fund to be materially different from those contained in forward-looking statements. The forward-looking information contained in this press release is current only as of the date of this press release. There should not be an expectation that such information will in all circumstances be updated, supplemented or revised whether as a result of new information, changing circumstances, future events or otherwise.

For further information: Teresa Cascioli, Chair and Chief Executive Officer, Lakeport Brewing Income Fund, (905) 523-1170, http://lakeportbrewing.ca

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