Gamehost Income Fund graduation to TSX

(TSXV: GH.UN)

RED DEER, Alberta, May 14 /CNW/ - Gamehost Income Fund (the "Fund") has received confirmation from the Toronto Stock Exchange ("TSX") that the Fund's listing will graduate from the TSX Venture Exchange ("TSXV") to the TSX on May 16, 2008.

Trust units of the Fund have traded on the TSXV since June 3, 2003. The trading symbol for the Fund's units will not change with the graduation.

The Fund is currently paying $0.0733 per unit in regular monthly cash distributions. Since inception in June 2003 the Fund has paid $3.8017 per unit or 92.3% of standardized distributable cash to unit holders.

The Fund is set to open its newest casino, the new Stampede Casino, in Calgary, Alberta in June 2008.

Gamehost Income Fund is an unincorporated open-ended limited purpose trust established under the laws of the Province of Alberta. The Fund's activities are currently confined to the Province of Alberta, Canada. Operations of the Fund include the Boomtown Casino in Ft. McMurray, the Great Northern Casino, Service Plus Inns & Suites and a strip mall all located in Grande Prairie. The Fund is also a 40% joint venture partner in Deerfoot Inn & Casino Inc. in Calgary and a 20% joint venture partner in the new Stampede Casino in Calgary that is scheduled to open in June 2008.

The TSX Venture Exchange does not accept responsibility for the adequacy

or accuracy of this release.

Complete disclosure of the Fund can be found on SEDAR at www.sedar.com. Additional information on the Fund can be found on the Fund's website at www.gamehost.ca.

%SEDAR: 00019487E