News Release

Gamehost Income Fund To Trade On Toronto Stock Exchange

May 14, 2008

Gamehost Income Fund – (the "Fund") – An application has been granted for the original listing in the Industrial category of 21,107,553 trust units, of which 10,773,153 trust units will be issued and outstanding and 10,334,400 trust units will be reserved for issuance.

The trust units of the Fund will be listed and posted for trading at the opening on Friday, May 16, 2008.

Stock Symbol: "GH.UN"
CUSIP: 36466U 10 4
Trading Currency: CDN

Temporary Market Maker: Macquarie Capital Markets

Other Markets: The trust units have been listed on TSX Venture Exchange (Symbol: GH.UN) since June 4, 2003. The common shares will be delisted from TSX Venture Exchange prior to the opening on Friday, May 16, 2008.

Head Office Address: 400, 4406 50th Avenue
Red Deer, AB
T4N 3Z5

Head Office
Telephone Number: (403) 346-4545

Fax Number: (403) 340-0683

Website: www.gamehost.ca

Investors Relations: Darcy J. Will
Tel: (403) 346-4545
Email: djwill@gamehost.ca

Chief Financial Officer: Craig M. Thomas

Corporate Secretary: Darcy J. Will

Incorporation: The Fund is an unincorporated open-ended trust governed by the laws of the province of Alberta pursuant to the Gamehost Trust Agreement dated April 9, 2003.

Fiscal Year End: December 31

Nature of Business: The Fund, through Gamehost Limited Partnership, owns and/or operates casino and related real estate interests in Grande Prairie, Fort McMurray and Calgary, Alberta.

Transfer Agent & Registrar: Computershare Trust Company of Canada at its offices in Calgary and Toronto.

Dividends: The Fund’s mandate is to make consistent monthly cash payments to unitholders based on management’s projections of the year’s distributable cash. Trustees evaluate any special distribution recommendations with consideration of other factors such as strategic plans of the Fund and Fund unit trading performance.