BC Advantage Funds Realizes 2.8 Times Invested Capital on Sale of Brightside Technologies

Vancouver, May 22, 2007 - Further to its news release dated February 28, 2007, BC Advantage Funds (VCC) Ltd. announced today that the acquisition of Brightside Technologies by Dolby Laboratories (NYSE:DLB) has now closed. The final purchase price paid by Dolby for Brightside was $30.4 million, prior to closing adjustments. Brightside is one of Advantage's technology portfolio companies and is held in its Advantage Technology Fund.

Under the terms of the acquisition, the shareholders of Brightside received an initial payment of approximately $23 million on closing, representing 85% of the net purchase price. The remaining 15% of the purchase price will be paid by Dolby to Brightside shareholders 18 months following closing.

The purchase of Brightside by Dolby provides the Advantage Technology Fund with a realized return of greater than 2.8 times invested capital and an internal rate of return of 52%. Tanner Philp, CFO and Partner of Advantage stated, "The sale of Brightside is very positive event for the shareholders of Brightside and for Advantage, the only institutional investor in the company. We are pleased to provide this strong realized return to our investors, which further validates our model of investing early in companies with significant growth potential."

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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