BC Tech Fund Achieves $10 Million Objective

Vancouver, November 29, 2004 - BC Advantage Funds (VCC) Ltd. announced today that its first technology fund, the BC Tech Fund, has reached its fund size objective and is now closed to new investments. New subscriptions will now be allocated to our diversified fund, the Advantage Venture Fund.

Dr. Basil Peters, Fund Manager of the BC Tech Fund said: “The principal goal of everyone in the Advantage Funds family is to maximize the returns to our shareholders. Capping our first technology fund at $10 million will allow me to mentor, and join the boards, of many of the companies in this portfolio. We believe this type of active portfolio management will produce the very best returns for our shareholders. I would like to personally thank all of the investors in the BC Tech Fund for their confidence.”

The Net Asset Value per share (NAV) of the BC Tech Fund will be available as FundSERV code BCA300 as of March 1, 2005, and will be published weekly thereafter.

About Advantage and the BC Tech Fund

BC Advantage Funds offers anyone in British Columbia 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 on investments of up to $200,000 per year. Advantage was co-founded by Dr. Don Rix, Frank Holler, Jim Heppell, Dr. Basil Peters and David Raffa. For more information about Advantage, please visit the BC Advantage website or contact our Vice-President Sales and Marketing, Ray Matthews at ray@bcadvantagefunds.com or 604.818.7778.

The BC Tech Fund is BC Advantage Funds first technology fund. Dr. Basil Peters is the Fund Manager and CEO of the fund. For more on the BC Tech Fund, our team and our investment criteria, please visit the BC Tech Fund website or contact Dr. Peters at basil@bcadvantagefunds.com.

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