Appointment of Chairman Announcement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 21, 2013) - The Board of Directors of Qwest Investment Fund Management Ltd. ("QIFM") announce today that Mr. Maurice Levesque, CEO and Chief Compliance Officer, has been appointed Chairman of QIFM.

Mr. Stephen McCoach, former Chairman and director of QIFM, commented on behalf of the QIFM Board of Directors by stating, "We are very pleased that Mr. Levesque accepted the position of Chairman as he brings the necessary experience and leadership qualities with over 28 years of experience in the Canadian investment fund industry."

Mr. Levesque commented, "I welcome my additional duties and look forward to working with the Board of Directors and I also want to thank Stephen for his past stewardship of QIFM. Stephen's continued leadership, as director of the parent company, Qwest Investment Management Corp., will remain important in the overall leadership of the Qwest organization."

About Qwest Investment Fund Management Ltd. ("QIFM")

QIFM is an Investment Fund Manager, Portfolio Manager and an Exempt Market Dealer. QIFM is a 100% wholly owned subsidiary of Qwest Investment Management Corp. ("QIM").

About Qwest Investment Management Corp. ("QIM")

QIM is an investment management firm which specializes in identifying emerging trend opportunities, managing merchant banking transactions, structuring investment products and providing portfolio management services in those sectors of the capital markets in which it has experience and expertise.

ON BEHALF OF THE BOARD OF DIRECTORS

Qwest Investment Fund Management Ltd.