Brompton 2008 Flow-Through LP

Brompton 2008 Flow-Through LP

December 14, 2009 12:30 ET

Brompton 2008 Flow-Through LP Completes Mutual Fund Rollover

TORONTO, ONTARIO--(Marketwire - Dec. 14, 2009) - Brompton Funds Management Limited (the "Manager") has completed the tax-deferred transfer of assets of Brompton 2008 Flow-Through LP (the "Partnership") into the Front Street Resource Fund (the "Rollover Fund") as described in the Partnership's November 13, 2009 press release. Front Street is an experienced manager of resource oriented investments and offers an established mutual fund platform; as such the Manager believes the Rollover Fund provides investors with an attractive means to continue holding resource investments.

The Partnership has performed very well in light of the turbulent markets of the past year. Based on actual and expected tax savings on the resultant money-at-risk, unitholders have achieved an after-tax annualized return of approximately 13.5%. The performance has come from the portfolio manager's disciplined investment approach and its unwillingness to invest simply for the benefit of the tax deduction. In January 2009, the Partnership returned $9.45 of capital to investors rather than invest in lower quality flow-through shares in the fourth quarter of 2008. This amount combined with the current net asset value per unit results in a total value of $22.30 per unit.

Investors were transferred into the Rollover Fund at the final net asset value per unit of the Partnership of $12.8499 per unit and should they choose to redeem, they will receive the then current net asset value per share upon redemption. Each Partnership unit was converted into Series B shares of Front Street Resource Fund ("Fund shares") at a rate of 1.451704 Fund shares for each Partnership unit. There was no fee or commission charged by the Rollover Fund when Series B shares were issued and there will be no fees charged on redemption. The Fund shares will provide daily liquidity through FundServ as soon as possible after the rollover, once the individual holders' investment advisor has reconciled positions with FundServ, under FundServ Code "FSC401". The Partnership will be dissolved on or about December 17, 2009.

Each limited partner was mailed the Rollover Fund's prospectus. The prospectus contains important information about the Rollover Fund, including investment strategy, fees and risks. Brompton encourages all investors to read the prospectus for all other terms and conditions of the Rollover Fund.

Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the Fund's publicly filed documents which are available from SEDAR at Investment funds are not guaranteed; their values change frequently and past performance may not be repeated.

Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this press release and to other matters identified in public filings relating to the Fund, to the future outlook of the Fund and anticipated events or results and may include statements regarding the future financial performance of the Fund. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information.

Forward-looking statements in this press release include among other things, the opinion of the portfolio manager. While we consider these assumptions to be reasonable based on information currently available to the portfolio manager, they may prove to be incorrect. There are no assurances that the actual outcomes will match the forward-looking statements as a result of a number of risks and uncertainties that could cause actual results to differ materially from what we currently expect. Other than as required under securities laws, we do not undertake to update this information at any particular time.

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