Parkland Income Fund Declares Distribution Payment

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Red Deer, Alberta, August 16, 2010 - Parkland Income Fund (TSX: PKI.UN), Canada’s largest
independent fuel distributer and marketer, today announced that a distribution of $0.105 per
trust unit will be payable on September 15, 2010 to unitholders of record on August 31, 2010.

About Parkland Income Fund
Parkland Income Fund is Canada’s largest independent fuel distribution and marketing
company, delivering fuel products from regional refineries to retail, commercial and reseller
customers coast-to-coast. Through its network of 620 retail locations, 77 commercial
branches, 70 cardlock locations and through wholesale agreements, the Company distributes
3.4 billion litres of fuel annually, representing 4.1% of the total Canadian fuel market (market
share in some regions of operation is higher).

Parkland currently distributes fuel to retail customers under its Fas Gas Plus, Fas Gas and
Race Trac brands as well as through distribution agreements with 290 Esso locations.
Parkland also supplies propane, bulk fuel, heating oil, lubricants, industrial fluids and
associated services to commercial and industrial customers across Canada under the Neufeld,
United Petroleum, Columbia Fuels, Bluewave Energy and Great Northern Oil brands.
Parkland is a balanced yield and growth company that is committed to providing incomeoriented
investors with a cash yield as well as upside growth. The Company is delivering
value to unitholders by growing fuel volumes through carefully selected acquisitions, working
closely with suppliers to achieve a material cost advantage and achieving greater efficiency
through operational excellence.  

Parkland units and convertible debentures trade on the Toronto Stock Exchange (TSX) under
the symbols PKI.UN and PKI.DB. For more information visit www.parkland.ca.

For investor and media inquiries please contact Parkland Industries Ltd., Administrator of
Parkland Income Fund: Mike W. Chorlton, President and CEO; Ken J. Grondin, Senior Vice
President and CFO; or Tom McMillan, Investor Relations Manager at (403) 357-6400 or
corpinfo@parkland.ca.