BC Advantage Funds More than 50% Sold Out

Vancouver, December 19, 2006 - BC Advantage Funds (VCC) Ltd. ("Advantage") announced today that it is experiencing strong demand for its venture fund shares in advance of the upcoming tax selling season. Advantage has now sold over $5 million of its $10 million 2006 tax credit allocation and expects sales to continue to accelerate in late December and January. These tax credits provide Advantage investors with a 30% refundable tax credit for the 2006 taxation year (maximum $200,000 investment and $60,000 annual tax credit).

"With sales exceeding $500,000 last week alone, we are very pleased with the demand we are seeing for our fund's shares," said Frank Holler, CEO of BC Advantage Funds. "Particularly gratifying is that this demand is coming from all across British Columbia, reflecting our commitment to offer everyone in the Province the opportunity to invest in our fund."

Holler further noted that Advantage's 2006 tax credit allocation is limited to $10 million and recommended that investment advisors and their clients interested in acquiring shares of BC Advantage Funds move quickly to secure their 2006 tax credits.

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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