BC Advantage Funds Sells Out 2003 Tax Credit Allocation

Vancouver, February 9, 2004 - BC Advantage Funds (VCC) LTD., one of the fastest growing funds in the history of British Columbia, halted selling its shares through FundSERV on February 5, as it has sold out its entire 2003 tax credit allocation of $12 million. Advantage will resume selling its shares through FundSERV on Wednesday, February 11, 2004.

All sales from that date on will be for shares of Advantage that provide a 2004 tax credit. Investors purchasing such shares may be able to utilize the 2004 tax credits to immediately reduce their current income tax payments or installments. These tax credits provide Advantage investors with a 30% refundable tax credit on investments of up to $200,000 per year (maximum $60,000 annual tax credit).

For more information about Advantage, please review our final prospectus, visit our website, access our one page introductory brochure, or contact our Vice-President Sales and Marketing, Ray Matthews at ray@bcadvantagefunds.com or 604.818.7778.

About Advantage

Advantage is an early-stage life sciences and technology fund that offers anyone in BC the opportunity to participate in returns from some of our Province's most promising young technology and life science companies and to receive a 30% refundable tax credit from the BC Government. Advantage was co-founded by Dr. Don Rix, Chairman of the Board; Frank Holler, CEO and Chairman of the Investment Committee; Jim Heppell, President and Life Sciences Fund Manager; Dr. Basil Peters, Technology Fund Manager; and David Raffa, COO and Investment Manager.

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