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FA Power Fund and First Asset PowerGen Fund Announce Distributions

TORONTO, January 22, 2008 - FA Power Fund (TSX: PFA.UN) announces a distribution of $0.10 per unit per month ($1.20 per unit per annum) and First Asset PowerGen Fund (TSX: PGT.UN) announces a distribution of $0.12 per unit per month ($1.44 per unit per annum) for the month ending January 31, 2008. The distributions will be paid on February 15, 2008 to unitholders of record on January 31, 2008.

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