PRESS RELEASE    -    PRESS RELEASE    -    PRESS RELEASE   -    PRESS RELEASE

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MILLENIUM MANAGEMENT, LLC
199 S. Los Robles Avenue, Suite 200
Pasadena, CA  91101

     CONTACT: Chris Davis or Stacey McClain of Everest  Properties II, LLC (626)
              585-5920

FOR IMMEDIATE RELEASE

     PASADENA,  CALIFORNIA,  November 29, 2005 - Millenium Management, LLC today
announced that it has extended the  expiration  date of its  outstanding  tender
offer for limited  partnership  interests in Secured Investment  Resources Fund,
L.P.  II. The  expiration  date for the tender  offer has been  extended to 5:00
p.m., Los Angeles time, on Thursday,  December 1, 2005. The offer was previously
scheduled to expire at 5:00 p.m. Los Angeles time on Tuesday, November 29, 2005.

     To date,  Millenium reported the approximate number of limited  partnership
interests deposited to be 3125.33 in response to the offer.

     For further  information,  please  contact  Millenium  Management  at (800)
611-4613.