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

Oct 31, 2006

Calgary, October 31, 2006 Keyera Facilities Income Fund (TSX:KEY.UN; KEY.DB) announced today that it expects to release its third quarter 2006 report on Tuesday, November 7, 2006. A conference call and webcast have been scheduled for Wednesday, November 8 at 8:00 am MST (10:00 am Eastern) for interested investors, analysts, brokers and media representatives.

The conference call dial-in number is 800-814-4859 or 416-644-3416. A recording of the conference call will be available for replay until midnight, November 15, 2006 by dialing 877-289-8525 or 416-640-1917 and entering passcode 21205741 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 & Presentations. 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.