Parkland Income Fund Declares Distribution Payment

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Red Deer, Alberta, November 15, 2006: Parkland Income Fund (TSX: PKI.UN) is pleased to announce
that a distribution of twenty-two cents ($0.22) per trust unit will be payable on December 15, 2006 to
unitholders of record on November 30, 2006.
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. Parkland maintains ownership of the Bowden refinery near Red Deer, Alberta and is
currently re-activating the site for production of drilling fluids.
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, contact:

Parkland Industries Ltd., Administrator of Parkland Income Fund:
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.