Great Lakes Hydro Income Fund Declares Cash Distribution for August 2005

STOCK SYMBOL: GLH.UN/TSX

GATINEAU, Aug. 22 /CNW Telbec/ - (GLH.UN) - Great Lakes Hydro Income Fund
today declared a cash distribution of 10.125 cents per unit for the month of
August 2005, payable by September 30, 2005 to unitholders of record on August
31, 2005. The ex-distribution date is August 29, 2005.

The schedule below sets out Great Lakes Hydro Income Fund's cash
distribution history for the last six months:

<<
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RECORD DATE            PAYMENT DATE            DISTRIBUTION PER UNIT
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August 31, 2005        September 30, 2005          10.125 cents
July 29, 2005          August 31, 2005             10.125 cents
June 30, 2005          July 29, 2005               10.125 cents
May 31, 2005           June 30, 2005               10.125 cents
April 30, 2005         May 31, 2005                10.125 cents
March 31, 2005         April 30, 2005              10.125 cents
-------------------------------------------------------------------------
>>

About Great Lakes Hydro Income Fund

Great Lakes Hydro Income Fund is a premier Canadian income fund and one
of the largest power income fund in North America with 986 megawatts of power
generating capacity and an average annual production of 3,711 gigawatt hours.
Great Lakes Hydro Income Fund produces electricity exclusively from
environmentally friendly hydroelectric resources. The Fund owns, operates and
manages 24 high quality hydroelectric generating stations located on seven
river systems in four distinct geographic regions across North America:
Quebec, Ontario, British Columbia and New England.
Brascan Power, which comprises all the power operations of Brascan
Corporation, owns 50.1% of the Fund's outstanding units.
Great Lakes Hydro Income Fund units are listed for trading on the Toronto
Stock Exchange under the symbol GLH.UN.


Forward-Looking Statements

The Fund's news release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Exchange Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. The words
"believe," "expect," "anticipate," "intend," and other expressions which are
predictions of or indicative of future events and trends and which do not
relate to historical matters identify forward-looking statements. Reliance
should not be placed on forward-looking statements because they involve known
and unknown risks, uncertainties and other factors, which may cause the actual
results, performance or achievements of the business to differ materially from
anticipated future results, performance or achievements expressed or implied
by such forward-looking statements. Factors that could cause actual results to
differ materially from those set forth in the forward-looking statements
include general economic conditions, weather conditions, interest rates,
foreign exchange rates, availability of equity and debt financing and other
risks. The Fund undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information, future
events or otherwise.
%SEDAR: 00013106EF