BC Advantage Funds Realizes 4.6 Times Invested Capital on Sale of Parasun Technologies

Vancouver, May 29, 2007 - Further to its news release of April 10, 2007, BC Advantage Funds (VCC) Ltd. announced today that the acquisition of Parasun Technologies has now closed. Parasun 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 Parasun received an initial payment of $10 million dollars on closing, plus a distribution of working capital. The shareholders will receive an additional payment of up to $2.5 million upon the completion of the audit of Parsun's first six months of its current fiscal year. It is expected that this payment will be made in late June or early July of this year. The shareholders will receive a further working capital adjustment payment later in this calendar year, upon receipt of certain SRED claims.

Based on payments to date and those estimated to final closing, the sale of Parsun will provide the Advantage Technology Fund with a realized return of greater than 4.6 times its invested capital.

David Raffa, COO and Partner of Advantage and Board member of Parasun stated, "This is a great result for the shareholders of Parsun and for Advantage, the only institutional investor in the company. It is also an excellent example of how the Advantage mentor program maximizes the returns to our shareholders."

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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