Pollard Banknote Income Fund Announces Distribution

Pollard Banknote Income Fund (the "Fund") (TSX: PBL.UN) today announced that its cash distribution to unitholders covering the period from January 1, 2006 to January 31, 2006 will be $0.0792 per unit. Payment will be made on February 15, 2006 to unitholders of record on January 31, 2006.  This payment is consistent with Fund's intention, as stated in its initial public offering prospectus, dated July 27, 2005, to pay $0.0792 per unit. The Fund completed its initial public offering on August 5, 2005.   About Pollard Banknote Income Fund   Pollard Banknote is one of the leading providers of products and services to the lottery industry throughout the world and the charitable gaming industry in North America. Pollard Banknote is the largest provider of  instant-win scratch tickets based in Canada and one of only three major producers of instant tickets in the world. The final prospectus of the Fund is available on SEDAR at www.sedar.com. Additional information on Pollard Banknote is available on the Fund's website at: www.pollardbanknote.com.   The Toronto Stock Exchange has neither approved nor disapproved the  information contained herein.  

  For further information: Gordon Pollard, John Pollard, Co-Chief  Executive Officers, Tel: (204) 474-2323