BC Advantage Funds Appoints Brad Bennett to its Board of Directors

Vancouver, July 26, 2006 - BC Advantage Funds (VCC) Ltd. announced today that Mr. Brad Bennett was appointed to its Board of Directors at the company's recent Annual General Meeting. Mr. Bennett is President of McIntosh Properties, a real estate investment and holding company based in Kelowna, B.C. He also serves as Chair of the Board of Directors of the University of British Columbia, a Director of the Premier's Technology Council, Chair of the UBC Okanagan Regional Advisory Council, Co-Chair of the Okanagan Partnership - Cluster Competitiveness Strategy, Chairman of the Kelowna General Hospital Foundation and is the past
Chair of the Board of Governors of Okanagan University College.

Frank Holler, Chief Executive Officer of BC Advantage Funds, said "I am delighted with the appointment of Brad Bennett to our Board of Directors. Brad brings a diverse range of experience to Advantage both as a successful business person and as an active participant in a number of institutions dedicated to post secondary education and regional development in the Province. I expect his experience will be very beneficial to BC Advantage Funds in guiding our growth as one of British Columbia's leading venture capital corporations."

Mr. Bennett is also a director of a number of successful private operating companies and currently serves as a Director of the BC Medical Innovation Fund and Quail's Gate Estate Winery.

About Advantage

Advantage offers everyone in BC the opportunity to invest in some of the Province's most promising life science, technology and clean-technology companies. Advantage investors receive a 30% refundable tax credit from the BC government on investments of up to $200,000 per year.

For more information about Advantage, please review our prospectus, visit our website at www.bcadvantagefunds.com or contact our Vice President, Sales and Marketing, Ray Matthews at rmatthews@lionscapital.com or 604.818.7778.

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