Dominion Equity Resource Fund Inc.

December 20, 2006 17:20 ET

Dominion Equity Resource Fund Inc. Announces Dividend

CALGARY, ALBERTA--(CCNMatthews - Dec. 20, 2006) - Dominion Equity Resource Fund Inc. ("Dominion Equity") (TSX:DOMEQRES) announced today that shareholders of record on December 19, 2006 received a capital dividend totaling $5,295,986.11 ($2.51 per share), payable on December 20, 2006. All dividends were automatically reinvested in mutual fund shares of Dominion Equity, unless a shareholder elected in writing to receive such dividends in cash.

Based in Calgary, Alberta, the center of Canada's oil and gas industry, Dominion Equity is a public mutual fund with investments in the equity of Canadian companies involved in the exploration, development, marketing and production of oil and natural gas and related service companies.

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