6550568 Canada Inc. Announces the Closing of Its Previously Announced Financing

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

6550568 Canada Inc. (the "Company") is pleased to announce the closing of its previously announced private placement financing (the "Offering"). Pursuant to the Offering the Company issued 4,607,213 subscription receipts ("Subscription Receipts") at a price of $12.00 per Subscription Receipt for total gross proceeds of $55,286,556. The Offering was completed through a syndicate of agents co-lead by Cormark Securities Inc. and CIBC World Markets Inc. and including Osprey Capital Partners, Acumen Capital Finance Partners Limited, GMP Securities L.P., HSBC Securities (Canada) Inc. and RBC Dominion Securities Inc.

All sales were made on a private placement basis pursuant to exemptions from the prospectus requirements of applicable securities laws. The Subscription Receipts will be subject to a four-month hold period.

The Company will use the net proceeds of the Offering in connection with the previously announced acquisition (the "Alaris Acquisition") of Alaris Income Growth Fund L.P. ("Alaris"), specifically to fund the acquisition of the subordinated debt of Alaris and for general corporate purposes. Each Subscription Receipt will entitle the holder to acquire one post-consolidation voting common share of the Company for no additional consideration, on notice being given by the Company that its shareholders have approved the consolidation of its share capital, changing the Company's name to Alaris Royalty Corp. and the appointment of certain directors at the annual and special meeting of shareholders of the Company, such meeting to be held on July 31, 2008, and that the Company intends to close the Alaris Acquisition. If this notice is not given by September 30, 2008 or if the Company does not proceed with the Alaris Acquisition, each holder of Subscription Receipts will be reimbursed the original subscription price plus interest.

CAUTIONARY STATEMENTS

Certain statements regarding the Company including management's assessments of future plans, including the Alaris Acquisition and Offering, may constitute forward-looking statements under applicable securities laws and necessarily involve known and unknown risks and uncertainties, most of which are beyond the Company's control. These risks may cause actual financial and operating results, proposed transactions, performance, levels of activity and achievements to differ materially from those expressed in, or implied by, such forward-looking statements.

This news release shall not constitute an offer to sell, or the solicitation of an offer to buy, securities in the United States, or any province or territory of Canada, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities offered will not be, and have not been, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of that Act.

(403) 221-7300