Clearwater Finance Inc. - Company Announcement

Clearwater Seafoods Income Fund announces November 2007 distribution

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
     DISSEMINATION IN THE UNITED STATES/

     HALIFAX, Nov. 15 /CNW/ - (TSX:CLR.UN): Clearwater Seafoods Income Fund
(the "Fund") announced today a cash distribution of 5.00 cents per unit for
the month of November 2007, payable on or before December 14, 2007 to
unitholders of record on November 30, 2007.
     Clearwater's policy is to pay the monthly distributions within 15 days
following each month end. Holders of units who are non-residents of Canada
will be required to pay all withholding taxes payable in respect of any
distributions of income by the Fund.

     About Clearwater

     Clearwater is recognized for its consistent quality, wide diversity and
reliable delivery of premium seafood, including scallops, lobster, clams, cold
water shrimp, crab and groundfish.
     Since its founding in 1976 Clearwater has invested in science, people,
technology, resource ownership and resource management to preserve and grow
its seafood resource. This commitment has allowed it to remain a leader in the
global seafood industry.
     %SEDAR: 00018023E

For further information: Robert Wight, Chief Financial Officer, Clearwater,
(902) 457-2369; Tyrone Cotie, Director of Corporate Finance and Investor
Relations, Clearwater, (902) 457-8181