Canadian Resources Income Trust closes warrant offering

/THIS PRESS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

TORONTO, June 7 /CNW/ - (TSX: RTU.UN) CaRIT Limited, in its capacity as trustee (the "Trustee") for Canadian Resources Income Trust ("CaRIT" or the "Trust"), is pleased to announce that the Trust has issued one warrant for each unit held by unitholders of the Trust of record as at the close of business on June 7, 2010.

Each warrant will entitle the holder to purchase one unit upon payment of a subscription price of $12.30. Commencing June 8, 2010, warrants may be exercised at any time on or before 5:00 p.m. (Toronto time) on June 8, 2011. The warrants will be listed on the Toronto Stock Exchange under the ticker symbol RTU.WT.

CaRIT is an investment trust which provides investors with high current yield and low cost diversification through a fixed portfolio of the 30 highest yielding Canadian issuers (regardless of corporate structure) focused on the Canadian natural resource industry with float capitalizations greater than $350 million as at December 15, 2009.

Unitholders are entitled to receive monthly distributions as declared by the Trustee of CaRIT. The Trustee generally intends to declare and pay monthly distributions to the extent of forecasted distributions/dividends to be received for a calendar quarter from the underlying portfolio, less the estimated operating expenses for the period.

Certain statements contained herein constitute "forward-looking statements". Forward-looking statements look into the future and provide an opinion as to the effect of certain events and anticipated results. Forward-looking statements may include words such as "plans," "intends," "anticipates," "should," "estimates," "expects," "believes," "indicates," and similar expressions. These forward-looking statements are based on current expectations and assumptions which are believed to be reasonable as at the date of this statement and entail various risks and uncertainties. Actual results may materially differ from expectations, if known and unknown risks or uncertainties affect our business, or if our estimates or assumptions prove inaccurate. The issuer assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason, other than as required by applicable securities laws. In the event the issuer does update any forward-looking statement, no inference should be made that the issuer will make additional updates with respect to that statement, related matters, or any other forward-looking statement.

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For further information: Investor Relations, CaRIT Limited, Trustee of Canadian Resources Income Trust, [phone], E-mail: [email protected], Web site: www.scotiamanagedcompanies.com; 26th Floor, 40 King Street West, Toronto, Ontario, M5W 2X6, Tel: [phone], Fax: [phone]