Resolve to Announce Its Second Quarter Results on July 29, 2008

TORONTO, ONTARIO–(EMWNews – July 16, 2008) – Resolve Business Outsourcing Income Fund (the “Fund”)(TSX:RBO.UN) will announce its second quarter results on July 29, 2008. These results will reflect the operations of the Fund for the three months ended June 30, 2008.

A conference call hosted by Lawrence Zimmering, president and CEO, and Jamie Hyde, executive vice president and CFO, will be held at 10:00 a.m. (EST) on July 30, 2008, to review these results and answer any questions.

To participate in the conference call, please dial 416-641-2140 or 1-800-952-4972. A live audio webcast will also be available at www.investorcalendar.com/IC/CEPage.asp?ID=131888.

For anyone unable to access the scheduled call, a taped rebroadcast will be available until August 13, 2008, by dialing 416-695-5800 or 1-800-408-3053. The access code for the rebroadcast is 3265989#.

Resolve works with businesses as an outsourced resource taking on critical processes and managing them better, faster and more cost-effectively. We have over 35 years experience managing processes for Fortune 500 clients in the financial services, retail, government, consumer goods and communications industries. Headquartered in Toronto, Canada, Resolve employs more than 5,100 people in 29 locations and is listed on the Toronto Stock Exchange as Resolve Business Outsourcing Income Fund, symbol RBO.UN. For more information, visit www.resolve.com.

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

This press release may include certain statements that constitute forward-looking statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Fund or Resolve, or industry results, to be materially different from any future results, performance or achievements or opportunities expressed or implied by such forward-looking statements. When used in this press release, such statements use such words such as ”may,” ”will,” ”expect,” ”believe,” ”intend,” ”plan,” ”could” and other similar terminology. These statements reflect current expectations regarding future events and operating performance. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to, loss of key customer contracts or reduction of services purchased by key customers, foreign exchange rates, increases in costs to Resolve that cannot be passed on to customers, disputes with key customers, competition, the ability of Resolve to manage operations and execute growth strategies, stability of internal and government information systems and technology, technological changes, the ability to maintain software licenses, changes in privacy laws and risks inherent in bidding on government contracts. Although the forward-looking statements contained in this press release are based upon what management believes are reasonable assumptions, neither the Fund nor Resolve can assure that actual results will be consistent with this forward-looking statements. These forward-looking statements are made as of the date of this press release. Neither the Fund nor Resolve has any obligation to update or amend the forward-looking statements in this press release except as required by law.