May 1, 2007

Dennis DesRosiers named to Board of Trustees of AutoCanada Income Fund

Edmonton, Alberta – AutoCanada Income Fund, Canada’s only publicly-traded franchised automobile dealership business, has announced that it will appoint industry analyst Dennis DesRosiers to its Board of Trustees.

DesRosiers, who founded his consulting practice DesRosiers Automotive Consultants in 1985, has worked with the executives of leading manufacturers and automotive supply chain companies, as well as financial institutions and policy makers in government.

“We are very pleased to be able to add the leading authority in the business to our Board of Trustees,” says Gordon Barefoot, Chairman of AutoCanada Income Fund. “Dennis DesRosiers is well-known and respected throughout our industry. We expect to leverage his insight and depth of knowledge as the Fund continues to create value for unit holders.”

DesRosiers has been a member of the Board of Governors of the University of Windsor (Ontario) since 2000, and is also Chair of the Automotive Advisory Committee at Humber College and was recently elected to the Board of the Grand Theatre in London, Ontario.

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