VEGREVILLE, ALBERTA--(Marketwire - Oct. 27, 2011) - The Board of Trustees (the "Board") of TerraVest Income Fund (TSX:TI.UN) today announced that Mr. John Zaozirny has advised he will be retiring on December 31, 2011.

Mr. Dale Laniuk, Chairman of the Board of Trustees said, "We thank John for his service and contributions to TerraVest. He brought a wealth of experience to the Fund and we greatly appreciate his commitment and dedication over the last few years. We wish him the best in retirement."

About TerraVest

The Fund has invested in three portfolio businesses:

RJV is one of Canada's largest providers of wellhead processing equipment for natural gas industry in western Canada.

Diamond is a market leader in providing well servicing to the oil and natural gas sector in south-western Saskatchewan, with a presence in south-eastern Alberta.

Beco is one of Canada's largest designers, and importers of home textile products.

Contributing Sources

---

Market Wire