NEWS RELEASE FP NEWSPAPERS INCOME FUND ANNOUNCES THIRD QUARTER RESULTS CONFERENCE CALL Vancouver, B.C. - October 26, 2009 -- FMembers of the investment community and media are invited to participate in the third quarter results conference call for FP Newspapers Income Fund (TSX:FP.UN). Ron Stern, Chairman; Bob Cox, Publisher of the Winnipeg Free Press and Dan Koshowski, Vice President, Finance and Administration will discuss the third 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 Third Quarter Call, Friday, November 6, 2009 at 12:00 p.m. Eastern (11:00 a.m. Central). Conference call 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 Monday through Saturday circulation of approximately 129,000 of printed and electronic copies. The Brandon Sun also publishes seven days a week, serving the region with an average circulation of approximately 14,600 copies. Canstar Community News publishes weekly with an average circulation of approximately 206,000 copies. Based in Winnipeg, the businesses employ approximately 590 people in Winnipeg and Brandon. 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: Daniel Koshowski, Vice President, Finance and Administration
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