Colabor Income Fund announces unitholder approval for plan of arrangement

BOUCHERVILLE, QUEBEC – August 19, 2009 – Colabor Income Fund (TSX: CLB.UN) (“Colabor” or the “Fund”) is pleased to announce that at the special meeting (“Meeting”) of the holders (“Fund Unitholders”) of trust units and special voting units of the Fund held today, the Fund Unitholders approved the previously announced plan of arrangement (the “Arrangement”) under section 192 of the Canada Business Corporations Act (the “CBCA”), involving with ConjuChem Biotechnologies Inc. (‘ConjuChem”) and the Fund pursuant to which the Fund will convert into a corporation to be named Colabor Group Inc.

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