Press Release

Boston Pizza Royalties Income Fund and Boston Pizza International Inc. to Announce Fourth Quarter and Fiscal Year 2011 Financial Results on February 9th

2/2/2012 2:54:38 PM

For Immediate Release                                                                           Toronto Stock Exchange: BPF.UN

BOSTON PIZZA ROYALTIES INCOME FUND AND BOSTON PIZZA INTERNATIONAL INC. TO ANNOUNCE FOURTH QUARTER AND FISCAL YEAR 2011 FINANCIAL RESULTS ON FEBRUARY 9^th

VANCOUVER, BC, (February 2, 2012) – Boston Pizza Royalties Income Fund (the “Fund”) (TSX: BPF.UN) and Boston Pizza International Inc. (“BPI”) today announced that they will issue fourth quarter and fiscal year 2011 results via news release and on the Fund’s website at www.bpincomefund.com on the morning of February 9, 2012.

The Fund will also host a conference call with BPI’s President and Chief Executive Officer Mark Pacinda and Chief Financial Officer Wes Bews to discuss the results for the fourth quarter and fiscal year, which both ended on December 31, 2011. The call will take place on Thursday, February 9, 2012 at 8:30 a.m. Pacific Time (11:30 a.m. Eastern Time).

To participate in this conference call, please dial the following toll free number approximately ten minutes prior to the commencement of the call:

                       1-800-319-4610 or 604-638-5340

A replay will be available until March 8, 2012 by dialing:

                       1-800-319-6413 or 604-638-9010

               and enter the pin code: 4452 followed by # sign.

The trustees of the Fund have approved the contents of this news release.

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