SIR CORP APPOINTS JEFF GOOD AS CHIEF FINANCIAL OFFICER by sdaferv

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									NEWS RELEASE

          SIR CORP. APPOINTS JEFF GOOD AS CHIEF FINANCIAL OFFICER
BURLINGTON, ONTARIO, February 6, 2006 – SIR Corp. (“SIR”), a leading Canadian operator of casual
and fine dining restaurants, and SIR Royalty Income Fund (TSX: SRV.UN), today announced the
appointment of Jeff Good as Chief Financial Officer of SIR. Mr. Good was appointed interim Chief
Financial Officer in November 2005.

“Over the last two months, Jeff has proven his leadership capabilities by leading SIR’s finance and
disclosure activities in supporting our ongoing business development. We welcome him as a key
member of our senior management team and look forward to his continued contributions to scale our
business and drive execution of our growth strategies,” said Peter Fowler, President and CEO of SIR
Corp.

Jeff Good, CMA, MBA, has been with SIR for more than five years and played an integral role in
launching the SIR Royalty Income Fund. Mr. Good has more than thirteen years of experience in various
senior level accounting and finance roles within the restaurant industry in Canada. Prior to joining SIR,
Mr. Good was Vice President, Finance and IT, of Toronto-based Oliver Bonacini Restaurants, a leading
operator of fine dining restaurants in the Toronto area. Prior thereto, he held financial management
positions at: Borden Foods Canada Inc.; Mövenpick Restaurants of Switzerland; and, General Mills
Restaurants Canada (now Darden Restaurants). Mr. Good holds a BA Honours, Business Administration,
and a Master of Business Administration, from the University of Western Ontario. He obtained his
Certified Management Accountant designation in 1992.

About 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® Bar and Grill, with 23 locations;
Alice Fazooli’s!®, with five locations; and Canyon Creek Chop House®, with four locations. SIR also
operates one-of-a-kind “signature” brands in downtown Toronto, which comprise the upscale reds®, Far
Niente® & Soul of the Vine®, Brasserie Frisco™, the casual Armadillo Texas Grill® and the Loose
Moose Tap & Grill®. 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 36 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
The Fund 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
Information in this announcement that is not current or historical factual information may constitute
forward-looking information. Implicit in this information are assumptions which, although considered
reasonable at the time of preparation, may prove to be incorrect. Readers are cautioned that actual
results are subject to a number of risks, including those listed in the Fund’s prospectus, and uncertainties,
and could differ materially from what is currently expected.

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For further information, please contact:
Peter Fowler                                           Bruce Wigle
President & CEO                                        Investor Relations
SIR Corp.                                              Tel: 416-815-0700 ext. 228
Tel: 905-681-2997                                      Email: bwigle@equicomgroup.com

								
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