CALGARY, March 28 /CNW/ - Advantage Energy Income Fund ("Advantage" or
the "Fund") (AVN.UN - TSX, AAV - NYSE) has filed its Annual Information Form
("AIF") for the year ended December 31, 2007 with the Canadian securities
regulatory authorities on the System for Electronic Document Analysis and
Retrieval ("SEDAR") in Canada, and has filed its Form 40-F (which includes the
audited consolidated financial statements, management's discussion and
analysis, and the AIF as exhibits) with the U.S. Securities and Exchange
Commission on the Electronic Data Gathering, Analysis and Retrieval ("EDGAR")
system in the United States.
    The AIF contains the statements and reports relating to reserves data and
other oil and gas information as required by National Instrument 51-101 of the
Canadian Securities Administrators ("NI 51-101"). An electronic copy of the
AIF may be obtained on Advantage's profile at www.sedar.com and a copy of
Advantage's Form 40-F may be obtained on Advantage's profile at
www.sec.gov/edgar.shtml. Both documents will be made available on Advantage's
website at www.advantageincome.com.
    For further information or to receive a hard copy of the complete audited
financial statements free of charge, please contact investor relations at
1-866-393-0393 or email at advantage@advantageincome.com.

    Advisory

    The information in this press release contains certain forward-looking
statements. These statements relate to future events or our future
performance. All statements other than statements of historical fact may be
forward-looking statements. Forward-looking statements are often, but not
always, identified by the use of words such as "seek", "anticipate", "plan",
"continue", "estimate", "expect", "may", "will", "project", "predict",
"potential", "targeting", "intend", "could", "might", "should", "believe",
"would" and similar expressions. These statements involve substantial known
and unknown risks and uncertainties, certain of which are beyond Advantage's
control, including: the impact of general economic conditions; industry
conditions; changes in laws and regulations including the adoption of new
environmental laws and regulations and changes in how they are interpreted and
enforced; fluctuations in commodity prices and foreign exchange and interest
rates; stock market volatility and market valuations; volatility in market
prices for oil and natural gas; liabilities inherent in oil and natural gas
operations; uncertainties associated with estimating oil and natural gas
reserves; competition for, among other things, capital, acquisitions, of
reserves, undeveloped lands and skilled personnel; incorrect assessments of
the value of acquisitions; changes in income tax laws or changes in tax laws
and incentive programs relating to the oil and gas industry and income trusts;
geological, technical, drilling and processing problems and other difficulties
in producing petroleum reserves; and obtaining required approvals of
regulatory authorities. Advantage's actual results, performance or achievement
could differ materially from those expressed in, or implied by, such
forward-looking statements and, accordingly, no assurances can be given that
any of the events anticipated by the forward-looking statements will transpire
or occur or, if any of them do, what benefits that Advantage will derive from
them. Except as required by law, Advantage undertakes no obligation to
publicly update or revise any forward-looking statements.

    %SEDAR: 00016522E          %CIK: 0001259995