Accretive Flow-Through (2005) Limited Partnership

Accretive Flow-Through (2005) Limited Partnership

January 23, 2006 13:47 ET

Accretive Flow-Through (2005) Limited Partnership Announces Support of the Arsenal Energy Inc. and Tiverton Petroleums Ltd. Proposed Merger

CALGARY, ALBERTA--(CCNMatthews - Jan. 23, 2006) - Accretive Flow-Through (2005) Limited Partnership (the "Partnership") has entered into a support agreement with Arsenal Energy Inc. ("Arsenal") to vote in favor of the arrangement at the upcoming special meeting of shareholders of Tiverton Petroleums Ltd. ("Tiverton") on February 21, 2006 and against an alternative board of directors. The Partnership supports the Arsenal offer for the following reasons:

- In the view of the Partnership, the Arsenal offer is the only concrete alternative;

- The market reacted positively to the news of the Arsenal offer; and

- The combined entity should have greater potential for growth than Tiverton on a stand alone basis.

The Partnership currently holds 2,494,000 shares of Tiverton, and believes the arrangement is in the best interest of shareholders.

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