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Gold/Mining/Energy : Creststreet Power & Income Fund

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From: Copperfield6/6/2006 4:03:50 PM
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Creststreet Power & Income Fund LP Reports April and May 2006 Production

TORONTO, June 6 - Creststreet Power & Income Fund LP (theý"Partnership") (CRS.UN: TSX) today reported production results for the two-month period ended May 31, 2006. The Partnership's two wind energy projects generated 42 gigawatt hours of electricity in the two-month period ended May 31, 2006, representing a capacity factor of 34% versus the independent engineer's long-term forecast of 35% for the period.

Turbine availability at Pubnico Point in Nova Scotia was greater than its warranted level of 95%. Turbine availability at Mount Copper was 87% for the two-month period, but remained above its warranted level of 90% for its first year of operations. The warranted level for Mount Copper increases to 95% in June 2006. Other factors contributing to energy production, including wind speeds, performed better than the independent engineer's forecast for the period.

"These results indicate that wind speeds at our wind energy projects are within the projections of the long-term forecast," said Eric McFadden, Chief Executive Officer of the Creststreet Power & Income Fund LP. "While operations and turbine availability remained strong at Pubnico Point, Mount Copper continued to perform below expectations during the two-month period. We remain focused on improving our operations at Mount Copper and expect the turbine availability to improve in the third quarter to meet its higher warranted level of 95%."

The Partnership plans to issue full financial results for its second quarter on or about August 4, 2006, in accordance with its regular disclosure schedule.
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