EnerVest Diversified Income Trust
TSX : EIT.UN

EnerVest Diversified Income Trust
EnerVest Energy and Oil Sands Total Return Trust
TSX : EOS.UN

EnerVest Energy and Oil Sands Total Return Trust
EnerVest Natural Resource Fund Ltd.

EnerVest Natural Resource Fund Ltd.
Canoe Financial LP

October 06, 2010 09:00 ET

Canoe Financial Announces W. Brett Wilson as Chairman

CALGARY, ALBERTA--(Marketwire - Oct. 6, 2010) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

Canoe Financial LP and its founder Mr. M. Bruce Chernoff, announced today that Mr. W. Brett Wilson has become a significant investor and will provide strategic leadership to the firm as Chairman. Canoe Financial LP is an investment management firm with over $1.5 billion in assets under management including the EnerVest Diversified Income Fund (TSX:EIT.UN), EnerVest Energy and Oil Sands Total Return Trust (TSX:EOS.UN) and the EnerVest Natural Resource Fund (ENV 040).

"Having known and worked with Brett for almost 20 years, I have seen first-hand his expertise in governance and investing. He brings a tremendous amount of insight, influence and enthusiasm to his initiatives and I look forward to his energy at Canoe", said M. Bruce Chernoff, founder of Canoe.

"We are excited to have Brett join our leadership team," stated Nevin G. Markwart, President and CEO of Canoe. "Through Brett's entrepreneurial drive and his financial and resource industry experience we look forward to the opportunities he will create at Canoe. We believe that his experience will fit well with the vision we have for the business and the Canadian-focused investment management philosophy we are creating at Canoe. This development is another instrumental step in supporting our initiatives to expand the firm's current investment product and distribution platforms."

"As an active investor, I'm always looking for new opportunities to work with smart people who know their industry. The Canoe team has the depth of experience and talent to provide its investors with high quality and unique investment products," said W. Brett Wilson. "With the continued growth of the emerging markets, I share Canoe's investment philosophy and believe Canada is poised to reap the benefits of the increased demand for Canadian resources. I look forward to working with the Canoe team to identify opportunities and develop products for our investors that will capitalize on Canada's strengths."

About Canoe Financial - Canoe Financial is a privately owned investment management firm with over $1.5 billion in assets under management and a solid performance track record extending more than 10 years. We continue to be focused on helping Canadian investors and advisors meet their financial goals. Canoe Financial, through its subsidiaries, provides investors with well managed, diversified, tax effective investment products through the EnerVest family of funds. Canoe also specializes in energy and resource investments. The investment philosophy of Canoe is based on the strength of Canadian based companies that are uniquely positioned to prosper as a result of global growth in the coming years. In particular, companies associated with the supply of critical goods and materials to world markets will realize significant benefit. Our objective is to provide investors with unique opportunities to profit from Canada's increasing prominence on the global stage.

About Mr. W. Brett Wilson - W. Brett Wilson is Chairman of Prairie Merchant Corporation, a private merchant bank focused on business opportunities in the energy, agriculture, real estate, sports, and entertainment industries. In 1993, he co-founded FirstEnergy Capital Corp., a Canadian brokerage firm that provides investment-banking services to Canada's oil and natural gas sector. FirstEnergy is an industry leader, having participated in thousands of financing and M&A projects worth almost $200 billion. In 2007, he stepped back from active duty, but remains an investor in the firm. Brett is also a panelist on the CBC reality show Dragons' Den.

Certain statements included in this news release constitute forward-looking statements. The forward-looking statements are not historical facts but reflect Canoe Financial LP's and its affiliates (CFLP) 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. Although CFLP believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. CFLP 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.

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