Parkland Income Fund Announces an Agreement with Imperial Oil Ltd.

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Red Deer, September 5, 2006 – Parkland Income Fund today announced that it has signed
an agreement to become a Retail Branded Distributor (“RBD”) for Imperial Oil Ltd. in
portions of British Columbia.
As the RBD for Alberta and Saskatchewan, Parkland currently purchases branded
products from Imperial and performs all fuel sales and service functions previously
supplied by Imperial to more than 150 stations in its dealer network in those provinces.
This new agreement will see more than 20 additional sites in Northern and Eastern
British Columbia added to Parkland's RBD network.
It is anticipated that the implementation process will commence in September and
completion is targeted for year end 2006.
In commenting on the agreement, Michael Chorlton, Parkland’s President and CEO
stated “We are very pleased to be expanding the RBD program with Imperial as it has
proven to be ideally suited to capitalize on the combination of Parkland’s strength in
Western Canadian non-urban markets and Imperial’s well recognized Esso brand. We
look forward to managing and growing the brand in this market area to the mutual benefit
of Parkland, Imperial and the Esso dealer network.”
Imperial Oil Ltd. is one of Canada’s largest corporations and has been a leading member
of the country’s petroleum industry for 125 years. Imperial is the country’s largest
refiner and marketer of petroleum products – sold primarily under the Esso and Mobil
brands – with a coast-to-coast supply network that includes 2,100 gasoline retail outlets.
Parkland Income Fund operates retail and wholesale fuels and convenience store
businesses under its Fas Gas Plus, Fas Gas, Race Trac Fuels and Short Stop Food Stores
brands and through independent branded dealers, and transports fuel through its Petrohaul
division. With over 550 locations, Parkland has developed a strong market niche in
western and northern Canadian non-urban markets. To maximize value for its
unitholders, the Fund is focused on the continuous refinement of its retail portfolio,
increased revenue diversification through growth in non-fuel revenues and active supply
chain management.
The Fund’s units trade on the Toronto Stock Exchange (TSX) under the symbol PKI.UN.
For more information, visit www.parkland.ca.

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For further information:

Red Deer: Michael W. Chorlton, President and CEO (403) 357-6400
John G. Schroeder, Vice President and CFO (403) 357-6400

If you prefer to receive Company news releases via e-mail, please request at
corpinfo@parkland.ca.