Boralex Power Income Fund Declares Cash Distribution

Montréal (Québec), June 18, 2004 - Boralex Power Income Fund (the “Fund”) has today declared its monthly cash distribution in the amount of $0.0750 per trust unit.

The distribution will be paid on July 21, 2004, to unitholders of record at the close of business on June 30, 2004.

Boralex Power Income Fund is an unincorporated open-ended trust that indirectly owns ten power generating stations located in the province of Québec and the United States 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 190.0 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:

Mr. Jean-François Thibodeau
Vice-President and Chief Financial Officer
Boralex Power Inc.
Telephone: 514-985-1348
Fax: 514-985-1355
E-mail: jean-francois_thibodeau@cascades.com