(TSX: AVN.UN, NYSE: AAV)

    CALGARY, May 14 /CNW/ - Advantage Energy Income Fund ("Advantage" or the
"Fund") announces that the cash distribution for the month of May will be
$0.15 per Unit. The distribution represents an annualized yield of 14% based
on the May 11, 2007 closing price of $12.87 per Unit.
    The distribution will be payable on June 15, 2007 to Unitholders of
record at the close of business on May 31, 2007. The ex-distribution date is
May 29, 2007. The cash distribution is based on approximately 115.8 million
Units outstanding.
    The CDN$0.15 per Unit is equivalent to approximately US$0.14 per Unit if
converted using a Canadian/US dollar exchange rate of 1.11. The US dollar
equivalent distribution will be based upon the actual Canadian/US exchange
rate applied on the payment date and will be net of any Canadian withholding
taxes that may apply.

    %SEDAR: 00016522E          %CIK: 0001259995