NEWS RELEASE

ADVISORY - FP NEWSPAPERS INCOME FUND ANNOUNCES CONFERENCE CALL AND WEBCAST FOR AGM

Vancouver, B.C. - April 28, 2006 -- Members of the investment community and media and Unitholders are invited to listen in a conference call and live webcast of the company's annual general meeting.

Ron Stern, Chairman and Rudy Redekop, President will discuss the company's performance in fiscal 2005 and Q1, 2006, following the formal annual general meeting of the Fund.

What: FP Newspapers Income Fund AGM Call and Webcast

When: Tuesday May 9, 2006, at 12:00 p.m. ET (11:00 a.m. CT)

How: Conference call
Participants may join the call by dialing 416-695-9716 or dial toll free at 1-888-333-4519 five minutes prior to 12:00 p.m. ET. The call will be available at any time for replay until May 24, 2006. To hear the replay dial 416-695-5275 or dial toll free at 1-888-509-0081.

Web cast
To access the webcast live, go to http://www.fpnewspapers.com

FP Canadian Newspapers Limited Partnership owns the Winnipeg Free Press, the Brandon Sun, and their related businesses, as well as Canstar Community News Limited, the publisher of seven community and special interest newspapers in the Winnipeg region. The Winnipeg Free Press newspaper publishes seven days a week, serving Winnipeg and Manitoba with an average seven-day circulation of approximately of 125,000 copies. The Brandon Sun also publishes seven days a week, serving the region with an average circulation of approximately 15,000 copies. Canstar Community News publishes weekly with an average circulation of approximately 204,000 copies. Based in Winnipeg, the businesses employ approximately 630 people in Winnipeg, Brandon and Thunder Bay. Further information can be found at www.fpnewspapers.com, and in the disclosure documents filed by FP Newspapers Income Fund with the securities regulatory authorities available at www.sedar.com.

For further information please contact:

Kevin Karr, Vice President, Chief Financial Officer and Secretary
FP Newspapers Income Fund
Phone (604) 646-3782, Fax (604) 681-8861



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