Rainmaker Income Fund (the "Fund") (TSX:RNK.UN) announces that further to its
news release of November 29, 2007 its subsidiary Rainmaker Entertainment Inc.
("Rainmaker") has completed the sale to Deluxe Vancouver Ltd., a subsidiary of
Deluxe Entertainment Services Group Inc., of the net assets of Rainmaker's post
production and visual effects operations in Vancouver, British Columbia and the
shares of Rainmaker Animation and Visual Effects UK Limited, Rainmaker's visual
effects operation in London, England. Deluxe Entertainment Services Group Inc.
applied for and received approval from the Minister of Canadian Heritage, under
the Investment Canada Act, the Minister having determined that the investment
was likely to be of net benefit to Canada.


The Fund is an unincorporated open-ended limited purpose trust located in
Vancouver, British Columbia. The Fund indirectly owns 100% of Rainmaker
Entertainment Inc. ("REI"), EP Canada Limited Partnership ("EP") and Canada Film
Capital Limited Partnership ("CFC"). REI is an award-winning computer generated
animation company with a 28 year history providing superior service, innovative
technology and world-class talent to design, build and shape content for feature
films, television, direct to DVD, games and commercials. EP is a leading
provider of payroll services for the film and television industry across Canada.
CFC provides tax credit administration services and financing of tax credits
through factoring for film and television productions across Canada.


All publicly filed documents relating to the Fund are available through the
internet on the Canadian Securities Administrators' System for Electronic
Document Analysis and Retrieval ("SEDAR"), which can be accessed at
www.sedar.com.


This press release and any related attachments may contain forward-looking
statements that involve a number of risks and uncertainty. Among the important
factors that could cause actual results to differ materially from those
indicated by such forward-looking statements are the, market and general
economic conditions and the risk factors detailed from time to time in the
periodic reports and documents filed by the Fund with The Toronto Stock Exchange
and other regulatory authorities. Forward-looking statements are based on the
estimates and opinions of management on the date the statements are made, and
the Fund undertakes no obligation to update the forward-looking statements
should there be a change in conditions, or in management's estimates or
opinions.
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