Parkland Income Fund Declares Distribution Payment

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    RED DEER, AB, Feb. 15 /CNW/ - Parkland Income Fund (TSX: PKI.UN) is
pleased to announce that a distribution of $0.24 per trust unit will be
payable on March 15, 2007 to unitholders of record on February 28, 2007.

    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 recently re-activated 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.

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



For further information: Parkland Industries Ltd., Administrator of
Parkland Income Fund: Red Deer: Mike W. Chorlton, President and CEO, (403)
357-6400; John G. Schroeder, Vice President and CFO, (403) 357-6400