BC Advantage Raises Over 30% of $10 Million Allocation

Vancouver, June 16, 2004 - BC Advantage Funds (VCC) Ltd. ("Advantage") has now sold more than $3 million of its $10 million 2004 tax credit allocation, with more than $2 million being received over the last four weeks. These tax credits provide Advantage investors with a 30% refundable tax credit for the 2004 taxation year on investments made up to $200,000 per year (maximum $60,000 annual tax credit).

Ray Matthews, VP of Sales and Marketing of Advantage noted "In light of the shortage of tax credits, our Advantage partners - investment advisors, financial planners and wealth managers - have clearly shifted their sales cycles to ensure that their clients get access to Advantage 2004 VCC tax credits."

For more information about Advantage, please review our 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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