January 23, 2008
STOCK SYMBOL: GLH.UN

Great Lakes Hydro Income Fund Declares Cash Distribution for January 2008

GATINEAU, Quebec, January 23, 2008 (GLH.UN) - Great Lakes Hydro Income Fund today declared a cash distribution of 10.417 cents per unit for the month of January 2008, payable by February 29, 2008 to unitholders of record on January 31, 2008. The ex-distribution date is January 29, 2008.

The schedule below sets out Great Lakes Hydro Income Fund's cash distribution history for the last six months:

RECORD DATE PAYMENT DATE DISTRIBUTION PER UNIT
January 31, 2008 February 29, 2008 10.417 cents
December 31, 2007 January 31, 2008 10.417 cents
November 30, 2007 December 31, 2007 10.417 cents
October 31 , 2007 November 30, 2007 10.417 cents
September 30 , 2007 October 31 , 2007 10.417 cents
August 31, 2007 September 28, 2007 10.417 cents

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About Great Lakes Hydro Income Fund

Great Lakes Hydro (www.greatlakeshydro.com) is a premier Canadian income fund. We are the largest power income fund in North America with 1,021 megawatts of power generating capacity and an average annual production of 3,913 gigawatt hours.

Great Lakes Hydro Income Fund produces electricity exclusively from environmentally friendly hydroelectric resources. The Fund owns, operates and manages 26 high quality hydroelectric generating stations located on eight river systems in four distinct geographic regions across North America: Quebec, Ontario, British Columbia and New England.

Brookfield Power, which comprises all the power operations of Brookfield Asset Management, owns 50.1% of the Fund’s outstanding units.

Great Lakes Hydro Income Fund units are listed for trading on the Toronto Stock Exchange under the symbol GLH.UN.

Web Site: www.greatlakeshydro.com

For further information:
Grace Pollock
Director, Investor Relations
819-561-8072, unitholderenquiries@greatlakeshydro.com