Copernican World Banks Income and Growth Trust-Distribution, July 2008

BURLINGTON, ONTARIO--(Marketwire - July 21, 2008) - Copernican World Banks Income and Growth Trust (the "Fund")(TSX: CBK-UN.TO) today announced that a monthly cash distribution in the amount of $0.05833 per unit of the Fund will be paid on August 15, 2008 to unitholders of record as of July 31, 2008.

A unitholder that has continually held units since inception will have received a total of $1.67 per unit as of payment date.

Contacts

Client Service Department
Copernican Capital Corp.
1-888-333-3240