Canoe Financial Files Final Prospectus for 2016 Flow-Through Offering

CALGARY, ALBERTA--(Marketwired - Feb. 26, 2016) -

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

Canoe Financial LP (the "Manager" or "Canoe"), has filed a final prospectus for the initial public offering (the "Offering") of limited partnership units ("Units") of Canoe 2016 Flow- Through LP (the "Partnership"), in each of the provinces of Canada, except Quebec. The initial closing of the offering is expected to occur on or about March 11, 2016.

The Partnership's investment objective is to provide limited partners with exposure to quality tax-advantaged energy investments of one or both of its two separate investment portfolios: (i) one consisting primarily of Canadian Development Expense ("CDE") flow-through shares of resource companies (the "Class CDE Portfolio"); and (ii) one consisting primarily of Canadian Exploration Expense ("CEE") flow-through shares of resource companies (the "Class CEE Portfolio", and together with the Class CDE Portfolio, the "Investment Portfolios"). The Partnership provides investors with the choice of investing in either the Class CDE Portfolio or the Class CEE Portfolio or a combination of both, allowing investors to target their specific investment requirements.

The Investment Portfolios will be managed by Canoe Financial LP, a Calgary-based investment management firm with approximately $3.4 billion in assets under management. Canoe's personnel have experience investing in and operating oil and natural gas companies as well as financing and structuring energy-related transactions. On or before June 30, 2018, the Partnership intends to complete an exchange transaction on a tax-deferred basis with Canoe 'GO CANADA!'^® Fund Corp. or with another designated Canoe Financial mutual fund.

The Offering is being conducted by a syndicate of agents co-led by Scotiabank, CIBC and RBC Capital Markets and includes BMO Capital Markets, National Bank Financial Inc., TD Securities Inc., Canaccord Genuity Corp., Desjardins Securities Inc., GMP Securities L.P. and Raymond James Ltd. (collectively, the "Agents").

This Offering is only made by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from any of the Agents listed above or on SEDAR at www.sedar.com. Investors should read the prospectus before making an investment decision. These securities will not be offered for sale to residents of the United States.

About Canoe Financial LP

Founded in 2008, Canoe Financial LP is an investment management firm focused on building financial wealth for Canadians. Canoe is Canada's fastest-growing independent mutual fund company and manages approximately $3.4 billion in assets across a diversified range of award-winning mutual funds, flow-through limited partnerships and private energy equity products. Canoe has expanded from its Calgary head office to across Canada, including a significant presence in Toronto and offices in Vancouver, Winnipeg, Montreal and Ottawa. To learn more about Canoe Financial and its investment products, visit www.canoefinancial.com.

Forward Looking Statement: Certain statements included in this news release constitute forward looking statements which reflect Canoe Financial's current expectations regarding future results or events. Words such as "may," "will," "should," "could," "anticipate," "believe," "expect," "intend," "plan," "potential," "continue" and similar expressions have been used to identify these forward-looking statements. Forward-looking statements involve significant risks and uncertainties and a number of factors could cause actual results to materially differ from expectations discussed in the forward looking statements including, but not limited to, changes in general economic and market conditions and other risk factors. Although the forward-looking statements are based on what Canoe Financial believes to be reasonable assumptions, we cannot assure that actual results will be consistent with these forward-looking statements. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the current date and we assume no obligation to update or revise them to reflect new events or circumstances.

This communication is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. Such an offer can only be made by way of a prospectus or other applicable offering document and should be read carefully before making any investment. This release is for information purposes only. Investors should consult their Investment Advisor for details and risk factors regarding specific strategies and various investment products.