Maple Leaf Short Duration 2012 Flow-Through Limited Partnership

Maple Leaf Short Duration 2012 Flow-Through Limited Partnership

May 31, 2012 14:08 ET

Maple Leaf Short Duration 2012 Flow-Through Limited Partnership Files Final Prospectus-Books Closing, June 13, 2012

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 31, 2012) - Maple Leaf Short Duration 2012 Flow-Through Limited Partnership (the "Partnership") is pleased to announce that it has filed a final prospectus (the "Prospectus") dated May 29, 2012 with the securities commissions or similar authorities in each of the provinces and territories of Canada relating to the initial public offering of National and Quebec Class Units of the Partnership. The maximum offering of the Partnership's National Class Units is $20,000,000 and the Quebec Class Units is $10,000,000. The books will close on Wednesday, June 13, 2012 at 12 noon EST.

Partnership Objectives & Benefits - National Class

The Partnership is designed to provide holders of its National Class Units ("National Class Limited Partners") with an investment in a diversified portfolio of Flow-Through Shares of Resource Companies incurring Eligible Expenditures (as those terms are defined in the Prospectus) across Canada with a view to maximizing the tax benefits of an investment in National Class Units and achieving capital appreciation and/or income for National Class Limited Partners. National Class Limited Partners must be residents of Canada or liable to pay Canadian income tax.

Investors are expected to receive tax deductions for 2012 of approximately 100% of the amount invested based on and subject to certain conditions as set forth in the Prospectus.

Partnership Objectives & Benefits - Québec Class

The Partnership is designed to provide holders of its Québec Class Units ("Québec Class Limited Partners") with an investment in a diversified portfolio of Flow-Through Shares of Resource Companies incurring Eligible Expenditures principally in the Province of Québec with a view to maximizing the tax benefits of an investment in Québec Class Units and achieving capital appreciation and/or income for Québec Class Limited Partners. Québec Class Units are most suitable for investors who reside in the Province Québec or are liable to pay income tax in Québec.

Investors are expected to receive tax deductions for 2012 of up to 139% of the amount invested based on and subject to certain conditions as set forth in the Prospectus.

Liquidity Event.

The investment portfolios of both the National and Quebec Class will be actively managed in such a way as to preserve the ability to undertake a future liquidity event, such as a rollover into a mutual fund corporation.

The Syndicate.

The syndicate of agents for the offering is being led by Scotiabank and includes BMO Nesbitt Burns Inc., National Bank Financial Inc., Canaccord Genuity Corp., GMP Securities L.P., Raymond James Ltd., Macquarie Private Wealth Inc., Manulife Securities Incorporated, Desjardins Securities Inc., Dundee Securities Ltd. and Mackie Research Capital Corporation.

A copy of the Prospectus can be obtained from any agent.

Offering Jurisdictions.

Each of the provinces and territories of Canada.

This offering is made only by way of the final Prospectus dated May 29, 2012 relating to these securities, which has been filed with the securities commissions or similar authorities in each of the provinces and territories of Canada. A copy of the Prospectus can be obtained from any of the syndicate members listed above. This release shall not constitute an offer to sell or the solicitation of any offer to buy the securities. This release is provided for information purposes only. Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the Prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. Capitalized terms not defined herein have the meanings set forth in the Prospectus.

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