With the statutory waiting period under Part IX of the Competition Act having expired, Labatt will proceed to acquire all of the issued and outstanding trust units of Lakeport tendered as at the expiry on March 29, 2007, subject to the satisfaction of all of the other conditions of the offer. Labatt and Lakeport encourage all unitholders to tender their Units to the offer prior to the expiry time.

About Labatt

Founded in London, Ontario in 1847 and the proud brewer of more than 60
quality beer brands, Labatt is Canada's largest brewery.

About Lakeport

Lakeport Brewing Income Fund is an Ontario-based brewery focused on producing value-priced quality beer for the Ontario market. Lakeport produces nine proprietary beer brands, two of which, Lakeport Honey Lager and Lakeport Pilsener, are among the top selling brands in the province. Lakeport has approximately 200 full-time employees at its production facility in Hamilton, Ontario. Lakeport's trust units trade on the TSX under the symbol TFR.UN (TFR stands for 'two-four'). -- www.cnxmarketlink.com