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Keyera Facilities Income Fund – First Quarter Results Conference Call and Webcast

May 2, 2006

Calgary, May 2, 2006 Keyera Facilities Income Fund (TSX:KEY.UN; KEY.DB) announced today that it expects to release its first quarter 2006 report on Wednesday, May 10, 2006. A conference call and webcast have been scheduled for Thursday, May 11 at 8:00 am MDT (10:00 am Eastern) for interested investors, analysts, brokers and media representatives.

The conference call dial-in number is 800-814-4862 or 416-644-3415. A recording of the conference call will be available for replay until midnight, May 18, 2006 by dialing 877-289-8525 or 416-640-1917 and entering passcode 21185748 followed by the pound key.

A live webcast of the conference call can be accessed on Keyera’s website at www.keyera.com under Investor Information, Webcasts. Shortly after the call, an audio archive will be posted on the website for 90 days.

For further information about Keyera Facilities Income Fund, please visit our website or contact:

John Cobb, Director, Investor Relations or Avery Reiter, Investor Relations Advisor.

E-mail: ir@keyera.com

Telephone: (403) 205-7670

Toll Free: (888) 699-4853

Facsimile: (403) 205-8303