Press Release Details

For Immediate Release                                                                           Toronto Stock Exchange: BPF.UN

BOSTON PIZZA ROYALTIES INCOME FUND ANNOUNCES TIMING OF
THIRD QUARTER RESULTS AND CONFERENCE CALL

VANCOUVER, BC, (October 31, 2006) - In conjunction with the release of its third quarter 2006 financial results, the Boston Pizza Royalties Income Fund (BPF.UN) will host a conference call at 11:00 a.m. Pacific Time (2:00 p.m. Eastern Time) on Tuesday, November 7, 2006.

Boston Pizza International Inc. ("BPI") Chief Executive Officer Mike Cordoba and Chief Financial Officer Mark Powell will review operational achievements and financial results for the third quarter which ended on September 30^th, 2006. The results will be released prior to the call by newswire and on the Fund's website at www.bpincomefund.com.

To participate in this conference call, please dial the following toll free number approximately five minutes prior to the commencement of the call:

1-866-249-5221 or 416-644-3419

A replay will be available until November 16, 2006 by dialling:

1-877-289-8525 or 416-640-1917
passcode 21207206 followed by the number sign.

The Fund is a limited purpose, open-ended trust established under the laws of British Columbia to acquire indirectly certain trade marks and trade names used by BPI in its Boston Pizza restaurants in Canada.  The trade marks are licensed to BPI for 99 years for which BPI pays the Fund 4% of franchise revenues of its 226 Boston Pizza restaurants in Canada as at December 31, 2005. 

The trustees of the Fund have approved the contents of this news release.

FOR FURTHER INFORMATION PLEASE CONTACT:

Boston Pizza Royalties Income Fund
Jordan Holm - Vice President of Investor Relations
Tel: 604-303-6083
investorrelations(at)bostonpizza.com
www.bpincomefund.com