Canoe 'GO CANADA' Income Fund
TSX : GCI.UN
TSX : GCI.WT

February 15, 2011 08:30 ET

Canoe 'GO CANADA' Income Fund Announces Establishment of Credit Facility

CALGARY, ALBERTA--(Marketwire - Feb. 15, 2011) -

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

Canoe 'GO CANADA' Income Fund ("Canoe" or the "Fund") (TSX:GCI.UN) (TSX:GCI.WT) announces the establishment of a credit facility.

Canoe has entered into a credit facility with a Canadian lender. The credit facility matures on the earlier of January 24, 2013 or the day prior to the conversion of the Fund to an open-ended mutual fund. The maximum available credit is $20 million. Canoe is limited to borrowing an amount not to exceed 25% of the net asset value of the Fund. The credit facility will be used by the portfolio manager to take advantage of investment opportunities as they arise.

About the Fund

The Fund has been created to provide investors with exposure to a diversified portfolio comprised primarily of equity and fixed income securities of Canadian issuers. The Fund's portfolio manager is Robert Haber, an awarding winning portfolio manager and former CIO of Fidelity Investments Canada.

About Canoe Financial LP

Canoe Financial is an experienced and innovative investment management firm focused on building financial wealth for Canadians. Canoe currently manages over $1.7 billion in assets through its mutual fund and closed end products. Canoe is a strong believer in Canada as a place to invest. With continued global urbanization, worldwide demand for resources and our sound fiscal structure, we believe Canada provides long-term growth potential for investors.

Canoe Financial is committed to providing exceptional client service and is a proud partner of Canada's Investment Advisor and Financial Planner network. Please visit our website at www.canoefinancial.com to learn more about Canoe and to discover which Fund is right for your clients.

Forward Looking Statement: 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 ( "Canoe") 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 Canoe 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. Canoe 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.

This communication is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. Investors should contact their Investment Advisor to review their investment objectives and strategies. This information is for review purposes only, and investors should consult their Investment Advisor for complete details and risk factors on specific strategies and various investment products.

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