NEWS RELEASE ADVISORY - FP NEWSPAPERS INCOME FUND ANNOUNCES FIRST QUARTER RESULTS CONFERENCE CALL Vancouver, B.C. - April 28, 2006 -- Members of the investment community and media are invited to attend the first quarter results conference call and webcast for FP Newspapers Income Fund. Ron Stern, Chairman; Rudy Redekop, President; Kevin Karr, CFO; and Andrew Ritchie, Publisher of the Winnipeg Free Press will discuss the first quarter results. The review will be followed by a question and answer session. Please plan to connect five minutes prior to the scheduled start time. FP Newspapers Income Fund First Quarter Call and Webcast, Tuesday, May 9, 2006 at 1:30 p.m. Eastern (12:30 p.m. Central). Conference call
Web cast
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
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