EnerVest Natural Resource Fund Ltd.

EnerVest Natural Resource Fund Ltd.

January 13, 2011 18:14 ET

EnerVest Natural Resource Fund Announces Capital Gains Dividend

CALGARY, ALBERTA--(Marketwire - Jan. 13, 2011) -

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

EnerVest Natural Resource Fund Ltd. (the "Fund") (ENV 040) announces that shareholders of record at the close of business on January 14, 2011 will receive a capital gains dividend totaling $9,720,000 (approximately $2.98 per share) payable January 17, 2011.

The capital gains dividend is automatically reinvested in shares of the Fund unless the shareholder has given written notice to the Fund to receive cash.

About the Fund

The Fund is an open-end mutual fund corporation, specializing in energy investments. The Fund is an actively managed portfolio of energy and energy related capital growth oriented securities listed primarily on the TSX and is designed to maximize capital appreciation for the benefit of its Unitholders. The fund code is ENV 040.

About Canoe Financial

Canoe Financial is a privately owned investment management firm with over $1.6 billion in assets under management and a solid performance track record. We are focused on helping Canadian investors and advisors meet their financial goals. Canoe Financial provides investors with well managed, diversified, tax effective investment products. Canoe also has expertise in energy and resource investments.

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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