Coloured Ties Capital IncTSXV: TIE

Sun Gro announces timing of first quarter 2007 results release, conference call and webcast

· Issued by Coloured Ties Capital Inc via CNW

Trading Symbol: The Toronto Stock Exchange - GRO.UN

VANCOUVER, May 2 /CNW/ - In conjunction with the release of its financial results for the first quarter ended March 31, 2007, Sun Gro Horticulture Income Fund (TSE: GRO.UN) will host a conference call and webcast at 7:30 a.m. Pacific Time, (10:30 a.m. Eastern) on Friday, May 4, 2007.

Mitchell Weaver, President and C.E.O., and Bradley Wiens, Vice-President Finance and C.F.O., Sun Gro Horticulture Canada Ltd., will review financial results and corporate developments for the three months ended March 31, 2007. The financial results will be released by newswire on the afternoon of Thursday, May 3, 2007.

To participate in this conference call, please dial one of the following numbers approximately five minutes prior to the commencement of the call:

       toll-free: 1-866-249-1964

       GTA local & International: 416-644-3422

Should you be unable to participate, an Instant Replay will be available until May 19, 2007 by dialing:

       toll-free: 1-877-289-8525 Passcode: 21230978 followed by the
       number sign

       GTA local & International: 416-640-1917

To access the live and archived webcast, please go to: http://www.vcall.com/IC/CEPage.asp?ID(equal sign)116583 or to the fund's website at: www.sungro.com.

We look forward to having you participate in our call and webcast.

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