TORONTO, ONTARIO--(Marketwire - March 4, 2011) - Senior Gold Producers Income Corp. (TSX:GPC) has received approval for a normal course issuer bid to purchase up to 480,400 shares of the Fund representing approximately 10% of the public float of 4,804,600 shares. The Fund may purchase up to 100,000 shares in any 30 day period which is 2% of the 5,000,000 issued and outstanding shares at February 25, 2011.