PROVENTURE INCOME FUND PRESS RELEASE Symbol: PVT.UN (TSX-V) FOR IMMEDIATE DISTRIBUTION January 5, 2012 Proventure Income Fund Completes Sale of Certain Assets to Cervus Equipment Corporation Proventure Income Fund ("Proventure") (TSX-V: PVT.UN) and Cervus Equipment Corporation ("Cervus") (TSX:CVL) today announced that they have completed the previously announced sale from Proventure to Cervus of certain real estate assets that Cervus had leased from Proventure for the purposes of operating Cervus' agricultural and construction equipment dealerships (the "Assets") for aggregate consideration equal to $25,900,000 (the "Asset Disposition").

"Cervus' acquisition of these 14 agricultural and construction equipment dealerships is accretive and congruent with Cervus'
strategy to own the properties in which it operates," said Peter Lacey, President and CEO of both Proventure and Cervus.
The Asset Disposition is one of several in a series of transactions previously announced on October 31, 2011 which, from Proventure's perspective, are necessary in order for Proventure to qualify for the REIT Exemption to the SIFT Rules under the Income Tax Act (Canada).

Asset Disposition

Additional information regarding the Asset Disposition is presented in the information circular of Proventure dated
December 21, 2011 (the "Information Circular") which is available on SEDAR at www.sedar.com.
As described in further detail in the Information Circular, the Assets which were sold by Proventure to Cervus included properties located in: