Qwest Investment Management Corp.

Qwest Investment Management Corp.

June 12, 2009 13:51 ET

Qwest Energy 2009 Flow-Through Limited Partnership Completes $9 Million Offering

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 12, 2009) - Qwest Investment Management Corp. is pleased to announce the Qwest Energy 2009 Flow-Through Limited Partnership (the "Partnership") completed its final closing of its public offering of Partnership Units on June 12, 2009. The Partnership has issued 360,018 Units at $25.00 each for total gross proceeds of $9,000,450. Qwest expects the Partnership's investors will receive a tax deduction of 100% for the 2009 taxation year on the amount of their investment in the Partnership.

Objectives of the Partnership

The Partnership has been organized to provide investors with a tax-assisted investment in a diversified portfolio of flow-through shares of resource issuers whose shares are publicly traded and, to a lesser extent, flow-through shares of private resource issuers, with a view to achieving capital appreciation for investors. The principal business of the resource issuers will be: (i) oil and gas exploration, development and production; (ii) mineral exploration, development and production; or (iii) certain energy production that may incur certain start-up phase costs of renewable energy and energy efficient projects.

Agents for the Partnership

Dundee Securities Corporation, CIBC World Markets, BMO Nesbitt Burns Inc., Scotia Capital Inc., HSBC Securities (Canada) Inc., Canaccord Capital Corporation, GMP Securities L.P., Manulife Securities Inc., Raymond James Ltd., Wellington West Capital Markets Inc. and Desjardins Securities Inc.

Partnership's Offering Jurisdictions

A final prospectus relating to the Partnership was filed on April 16, 2009 with securities commissions or similar authorities in each of the provinces and territories of Canada. This news release shall not constitute an offer to sell or a solicitation to purchase, nor shall there be any sale or any acceptance of an offer to purchase units of the Partnership in any province or territory of Canada.

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Partnership. The forward-looking statements reflect the Partnership's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Forward-looking statements are not a guarantee of future performance. The Partnership undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Important information concerning this offering is contained in the final prospectus.

About Qwest

Qwest Investment Management Corp. is an investment management firm which specializes in identifying, structuring and managing investment products. Qwest Investment Management Corp. is currently focused on investments in the natural resource sector.

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