Press Release Details

For Immediate Release                                                                           Toronto Stock Exchange: BPF.UN

BOSTON PIZZA INTERNATIONAL INC. ANNOUNCES AGREEMENT WITH A CANADIAN CHARTERED BANK FOR $7.5 MILLION OPERATING LINE OF CREDIT

VANCOUVER, BC, (November 16, 2007) - Boston Pizza International Inc. ("BPI") announced today that effective November 16, 2007, BPI has entered into an agreement with a Canadian Chartered Bank (the "Lender") whereby the Lender will provide to BPI an operating line of credit, repayable on demand, in the amount of $7.5 million dollars with an interest rate equal to the Lender's prime rate, floating (the "Lender Line of Credit").  The Lender Line of Credit may be used to cover BPI's day to day operating requirements through normal seasonal variations in the business, if needed.  BPI is a privately held company and licensee of the Boston Pizza
trade-marks from the Boston Pizza Royalties Limited Partnership (the "Partnership").

BPI's obligation under the Lender Line of Credit and a $2 million corporate Mastercard facility from the same Lender will be secured by a first charge over the assets of BPI and its subsidiaries, excluding the following:

     • the royalty payments received by BPI from its franchisees;

     • the Class C General Partner units held by BPI in the Partnership; and

     • the monthly distribution by the Partnership on those Class C General Partner units.

     (collectively the "Excluded Assets")

The Boston Pizza Royalties Income Fund (the "Fund") and its subsidiaries will continue to have a first charge over the Excluded Assets and, after the Lender's security is put in place, will have a second position charge over the other assets of BPI and its subsidiaries (with certain exceptions).

BPI has, as part of the security granted to the Lender, agreed to pledge a minimum number of Class B General Partner units held by BPI in the Partnership which are convertible into units of the Fund which would have a value, at any time, equal to at least 125% of the amount outstanding on the Lender Line of Credit and the Mastercard program.

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