Press Releases

First Asset Energy & Resource Fund and First Asset Energy & Resource Income & Growth Fund Announce Distributions

TORONTO, ONTARIO--(Marketwire - Aug. 22, 2007) - First Asset Energy & Resource Fund (TSX:TRF.UN) announces a distribution of $0.1040 per unit per month ($1.25 per unit per annum) and First Asset Energy & Resource Income & Growth Fund (TSX:TXL.UN) announces a distribution of $0.2166 per unit per month ($2.60 per unit per annum) for the month ending August 31, 2007. The distributions will be paid on September 14, 2007 to unitholders of record on August 31, 2007.

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