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

TORONTO, ONTARIO--(CCNMatthews - April 19, 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 April 30, 2007. The distributions will be paid on May 15, 2007 to unitholders of record on April 30, 2007.

For further information, please contact Rob MacNiven, Investor Relations, First Asset Funds Inc. at 416-642-1289 or 1-877-642-1289, or visit www.firstassetfunds.com.