(TSX: AVN.UN, NYSE: AAV)

    CALGARY, Aug. 10 /CNW/ - Advantage Energy Income Fund ("Advantage" or the
"Fund") announces that the cash distribution for the month of August will be
$0.15 per Unit. The distribution represents an annualized yield of 14.2% based
on the August 9, 2007 closing price of $12.65 per Unit.
    The distribution will be payable on September 17, 2007 to Unitholders of
record at the close of business on August 31, 2007. The ex-distribution date
is August 29, 2007. The cash distribution is based on approximately
116.6 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 1.06. 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