Distribution Policy Change for Canoe 'GO CANADA!' Mutual Funds

CALGARY, ALBERTA--(Marketwire - Jan. 20, 2012) -

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

Canoe Financial LP today announced that it has filed an amended and restated simplified prospectus (the "Amended and Restated Simplified Prospectus") in respect of Canoe 'GO CANADA!' Bond Advantage Class, Canoe 'GO CANADA!' Enhanced Income Fund, Canoe 'GO CANADA!' Enhanced Income Class and the Canoe 'GO CANADA!' Canadian Equity Class.

The Amended and Restated Simplified Prospectus has been amended due to a change in the distribution policy of each of Canoe 'GO CANADA!' Bond Advantage Class, Canoe 'GO CANADA!' Enhanced Income Fund and Canoe 'GO CANADA!' Enhanced Income Class to reflect a monthly distribution for these funds, as well as a clarification in the distribution policy of Canoe 'GO CANADA!' Canadian Equity Class.

The Amended and Restated Simplified Prospectus has been filed with the securities regulators in each of the provinces of Canada and is available on SEDAR at www.sedar.com. Upon receipt from the securities regulators, the Amended and Restated Simplified Prospectus will be posted to the Canoe Financial website at www.canoefinancial.com.

About Canoe Financial LP

Canoe Financial is an investment management firm focused on building financial wealth for Canadians through investing in Canada. Its 'GO CANADA!' investment thesis reflects Canoe's strategic confidence in Canada as a place to invest. With continued global urbanization, increasing worldwide demand for resources, and Canada's sound fiscal structure, Canoe believes this country provides long-term growth potential for investors.

Canoe is one of Canada's fastest-growing mutual fund companies and currently manages approximately $1.6 billion in assets through its investment products. To learn more about Canoe Financial, visit www.canoefinancial.com.

* Each a class of Canoe 'GO CANADA!' Fund Corp.

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.