Agtech Expands to Australia

SASKATOON - Sep 7/07 - SNS -- Agtech Income Fund has agreed to buy the property, plant and equipment and trade name of Harvest Grain Australia PTY based in Horsham, Victoria Province in Australia.

The Memorandum is a non-binding expression of intent subject to the negotiation and execution of formal agreements between the companies. Completion of the transaction will be subject to a number of conditions, including the receipt of all necessary regulatory, stock exchange, board of directors, board of trustees and unitholder approvals, the completion of a satisfactory due diligence review and customary closing conditions. The transaction was negotiated at arm's length.

The Memorandum proposes that the Fund will acquire 100% of the assets of a production and processing plant located in Horsham, Australia. The proposed financial terms of the transaction cannot be disclosed until there is a binding agreement, due to a confidentiality provision in the Memorandum. It is expected that the acquisition will be financed by a bank loan. The transaction is scheduled for closing by the end of September 2007.

There can be no assurance that the transaction will be completed as proposed or at all. The Fund expects to incur significant legal, accounting, financial advisory and regulatory costs in connection with the transaction. The Fund will be liable for these costs even if the transaction is not completed.