Yellow Media Inc.

Yellow Pages Income Fund Announces April 2006 Distribution

Print Version

Montreal (Quebec), April 18, 2006 – Yellow Pages Income Fund (TSX: YLO.UN) announced today that its monthly cash distribution of $0.08583 per Fund unit will be paid on May 15, 2006 to unitholders of record at the close of business on April 28, 2006.

This cash distribution covers the period from April 1, 2006 to April 30, 2006.

About Yellow Pages Income Fund
Yellow Pages Income Fund is an unincorporated, open-ended, limited purpose trust established to invest in Yellow Pages Group. The Fund indirectly holds Yellow Pages Group.

About Yellow Pages Group
Yellow Pages Group is Canada's largest telephone directories publisher. Yellow Pages Group publishes annually more than 330 Yellow Pages™ directories and alphabetical pages. The Company owns and manages Canada's most visited online directories YellowPages.ca™, Canada411.ca, as well as the CanadaPlus.ca, a network of seven local city sites. In addition, Yellow Pages Group is a leader in classified advertising in Ontario through Trader Media Corporation (TMC). TMC, Ontario's largest publisher of classified advertising and Web sites, is an affiliated company of Yellow Pages Group. For more information about the Company, visit www.ypg.com.

- 30 -

Contacts: