Brand Leaders Income Fund (TSX:HBL.UN) Announces Intention to Make Normal Course Issuer Bid

Harvest Portfolios Group Inc., the manager (the "Manager") of Brand Leaders
Income Fund (TSX:HBL.UN) (the "Fund") is pleased to announce that the Fund
intends to purchase up to 255,097 listed trust units of the Fund (the "Units")
for cancelation by way of a normal course issuer bid through the facilities of
the Toronto Stock Exchange (the "TSX"). The 255,097 Units represent
approximately 10% of the public float of the Fund. As of August 17, 2012,
2,559,278 Units were issued and outstanding. The public float of 2,550,978 Units
has been calculated as the issued and outstanding Units, respectively, less
Units held by insiders of the Fund.


The purchases may commence on August 23, 2012 and will terminate on August 22,
2013, or on such earlier date as the Fund may complete its purchases or provide
notice of termination. Any such purchases will be made by the Fund at the
prevailing market price at the time of such purchases in accordance with the
requirements of the TSX.


The Fund will not purchase in any 30-day period more than 51,185 Units (2% of
the issued and outstanding Units, respectively, as at the date of acceptance of
the notice of the normal course issuer bid by the TSX).


The purpose of the normal course issuer bid for Units is to provide the Fund
with a mechanism to decrease the potential spread between the net asset value
per unit and the market price of the trust units and to provide enhanced
liquidity for the Units. In the 12 months preceding the date of this release,
the Fund has purchased for cancellation 42,100 Units pursuant to an expiring
normal course issuer bid at a weighted average price of $10.92 per Unit.


Certain statements included in this news release constitute forward-looking
statements. The forward-looking statements are not historical facts but reflect
the Manager's current expectations regarding future results or events. These
forward-looking statements are subject to a number of risks and uncertainties
that could cause actual results or events to differ materially from current
expectations, including, but not limited to, the ability of the Manager to
purchase Units or Warrants for cancellation by way of the normal course issuer
bid, for whatever reason. Readers are cautioned not to place undue reliance on
forward- looking statements due to the inherent uncertainty therein. The Manager
undertakes no obligation to update publicly or otherwise revise any
forward-looking statement or information whether as a result of new information,
future events or other such factors which affect this information, except as
required by law. For a complete disclosure record for the Fund please visit the
Fund's profile on www.sedar.com.