Badger Income Fund July cash distribution

    TSX-BAD.UN



    CALGARY, July 15 /EMWNews-FirstCall/ - Badger Income Fund ("Badger")

today announced that the trustees of Badger declared a cash distribution

for the month of July of $0.105 per fund unit, representing $1.26 per fund

unit on an annualized basis. Payment will be made on or about August 15,

2008 to unitholders of record on July 31, 2008.



    Badger Income Fund is an open-ended trust that is North America's

largest provider of non-destructive excavating services. Badger

traditionally works for contractors and facility owners in the utility and

petroleum industries. Our key technology is the Badger Hydrovac, which is

used primarily for safe digging in congested grounds and challenging

conditions. The Badger Hydrovac uses a pressurized water stream to liquefy

the soil cover, which is then removed with a powerful vacuum system and

deposited into a storage tank. Badger manufactures its truck-mounted

hydrovac units.



    Badger Income Fund's business model involves the provision of

excavating services through two distinct entities: the Operating Partners

(franchisees in the United States and agents in Canada), and Badger

Corporate. Badger Corporate works with its Operating Partners to provide

Hydrovac service to the end user. In this partnership, Badger provides the

expertise, the trucks, and North American marketing and administration

support. The Operating Partners deliver the service by operating the

equipment and developing their local markets. All work is invoiced by

Badger and then shared with the Operating Partner based upon a revenue

sharing formula. In certain locations Badger has established corporate run

operations to market and deliver the service in the local area.



    This press release contains forward-looking statements subject to

various risk factors and uncertainties, which may cause the actual results,

performances or achievements of Badger to be materially different from any

future results, performances or achievements expressed or implied by such

forward-looking statements. Such factors include, but are not limited to,

fluctuations in the market for oil and gas related products and services,

political and economic conditions, the demand for services provided by

Badger, industry competition and Badger's ability to attract and retain key

personnel.



    The Toronto Stock Exchange has neither approved nor disapproved the



    information contained herein.