BC Advantage Funds raises of 50% of $10 Million Allocation

Vancouver, September 22, 2004 - BC Advantage Funds (VCC) Ltd. ("Advantage") announced today that it has sold more than $5 million of its $10 million 2004 tax credit allocation. 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 "Advantage sold out early last year. Based on the current demand for shares of Advantage, we expect it will sell out much earlier this year. Investors and investment advisors interested in acquiring shares of Advantage that have a 2004 tax credit should consider making their purchases as soon as possible."

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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