Advantage Transfers $5 Million Between Funds

Vancouver, April 13, 2005 - BC Advantage Funds (VCC) Ltd. (“Advantage”) announced today that its Board of Directors has approved the transfer of $5 million, less applicable issuance costs and historical operating expenditures, from the BC Tech Fund, Advantage’s first technology fund, to the Advantage Venture Fund, its combined technology and life science fund. The transfer is effective as of April 8, 2005, as on that date the net asset values of both funds were exactly equal. The transfer will be accomplished by transferring half of each BC Tech Fund shareholder’s investment to the Advantage Venture Fund.

Dr. Basil Peters, Fund Manager of the BC Tech Fund, said: “I am pleased that my request to reduce the size of the BC Tech Fund has been approved by the Board. I believe that I can obtain the best returns for BC Tech Fund shareholders by reducing the number of investments made, thereby maximizing the time I can spend mentoring portfolio companies. In addition, the Venture Fund has more resources to manage its investments and continues to see considerable deal flow of exciting young technology and life science companies.”

About Advantage

Advantage offers everyone in BC the opportunity to invest in some of the Province's most promising life science, technology and clean-technology companies. Advantage investors receive a 30% refundable tax credit from the BC government on investments of up to $200,000 per year.

For more information about Advantage, please review our prospectus, visit our website at www.bcadvantagefunds.com or contact our Vice President, Sales and Marketing, Ray Matthews at rmatthews@lionscapital.com or 604.818.7778.

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