Boralex Power Income Fund Announces the Resignation of One of its Trustee

Montréal (Québec), September 5, 2003 - Further to the announcement by Boralex Inc. of the departure of Mr. Jacques Gauthier as Director, President and Chief Executive Officer of Boralex Inc., Boralex Power Income Fund (the “Fund”) announces the resignation of Mr. Jacques Gauthier as Trustee of the Fund, effective this date.

Boralex Power Income Fund is an unincorporated open-ended trust that indirectly owns and operates eight power generating stations located in the province of Québec producing energy from different sources including wood-residue or natural gas-fired thermal and cogenerating facilities as well as hydroelectric power stations. In total, these power stations have an installed capacity of 131 MW. The Fund’s units are listed for trading on The Toronto Stock Exchange under the symbol BPT.UN.



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For further information, please contact:

Mrs. Carole Villeneuve
Director of Communications
Boralex Power Inc.
Telephone: (514) 985-1353
Fax: (514) 985-1355
E-mail: cvilleneuve@cascades.com