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CanBanc 8 Income Corp. Announces Exercise of Over-Allotment Option

Toronto, January 14, 2013 - CanBanc 8 Income Corp. (the "Company") (TSX:CBF) announces that the syndicate of agents for the Company's initial public offering has exercised the over-allotment option and acquired an additional 190,000 equity shares of the Company (the "Shares"). In total, the Company issued 4,190,000 Shares pursuant to its initial public offering, yielding gross proceeds of $41.9 million. The Shares are listed on the Toronto Stock Exchange under the symbol CBF.

The syndicate of agents for this offering was led by CIBC, co-led by National Bank Financial Inc. and RBC Capital Markets, and included BMO Capital Markets, Scotiabank, TD Securities Inc., Canaccord Genuity Corp., GMP Securities L.P., Raymond James Ltd., Desjardins Securities Inc., Dundee Securities Ltd., Macquarie Private Wealth Inc. and Manulife Securities Incorporated.

For further information, please contact Rob MacNiven, Investor Relations, at (416) 642-1289 or 1-877-642-1289, or visit www.firstasset.com.