TMX group

BURLINGTON, ON, Jan. 12 /CNW/ - SIR Royalty Income Fund (TSX: SRV.UN)
("the Fund") today declared a cash distribution of $0.10 per trust unit for
the period December 1, 2005 to December 31, 2005. The distribution will be
payable on January 31, 2006 to unitholders of record at the close of business
on January 23, 2006.

About SIR Corp.
SIR Corp. ("SIR") is a privately held Canadian corporation that owns and
operates a portfolio of more than 36 restaurants in Canada. SIR's concept
brands include: Jack Astor's(R) Bar and Grill, with 23 locations; Alice
Fazooli's!(R), with five locations; and Canyon Creek Chop House(R), with four
locations. SIR also operates one-of-a-kind "signature" brands in downtown
Toronto, which comprise the upscale reds(R), Far Niente(R) & Soul of the
Vine(R), Brasserie Frisco(TM), the casual Armadillo Texas Grill(R) and the
Loose Moose Tap & Grill(R). All trademarks related to the concept and
signature brands noted above are used by SIR under a license agreement with
SIR Royalty Limited Partnership in consideration for a Royalty, payable by SIR
to the Partnership, equal to six percent of the revenue of the 34 restaurants
currently included in the royalty pool. For more information on SIR Corp. or
the SIR Royalty Income Fund, please visit www.sircorp.com

About SIR Royalty Income Fund
SIR Royalty Income Fund (TSX: SRV.UN) is a trust governed by the laws of
the province of Ontario that receives distribution income from its investment
in the SIR Royalty Limited Partnership and interest income from the SIR Loan.
The Fund intends to pay distributions to unitholders on a monthly basis.

Caution concerning forward-looking statements
---------------------------------------------
Certain statements in this news release may constitute "forward-looking"
statements which involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of the
Fund to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. When
used in this document, such statements are such words as "may", "will",
"expect", "believe", "plan", "anticipate", "intend", "estimate" and other
similar terminology. These statements reflect SIR Management's current
expectations regarding future events and operating performance and speak only
as of the date of this document. These forward-looking statements involve a
number of risks and uncertainties, including those outlined under Risks and
Uncertainties in the Fund's interim filings and those set forth in the Fund's
October, 2004 prospectus and its March 31, 2005 Annual Information Form.

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