Marquest Asset Management Inc. Completes Acquisition of Assets of MineralFields Fund Management Inc., Pathway Investment Counsel Inc. and Limited Market Dealer Inc.

TORONTO, ONTARIO--(Marketwire - Oct. 15, 2012) - Marquest Asset Management Inc. (Marquest) announced that following receipt of all required shareholder and regulatory approvals, it has completed the purchase of all or substantially all of the assets of MineralFields Fund Management Inc., Pathway Investment Counsel Inc. (Pathway) and Limited Market Dealer Inc. The transaction includes the agreements pursuant to which Pathway acted as the portfolio manager of the following limited partnerships (Limited Partnerships):

The consummation of the transaction resulted in a change of the portfolio manager of the Pathway Limited Partnerships and the MineralFields Limited Partnerships from Pathway to Marquest. In addition, the voting shares of Pathway Quebec Mining 2010-II Inc., Pathway Mining 2010-II Inc., Pathway 2010 GORR Inc., Pathway Mining 2011 Inc., Pathway Quebec Mining 2011 Inc., Pathway Oil & Gas 2010 GORR Inc., Pathway Oil & Gas 2011 GORR Inc., MineralFields 2010-VI Inc., MineralFields 2011 Inc., MineralFields 2011-II Inc., MineralFields 2011-III Inc., MineralFields 2011-V Inc., MineralFields 2011-VI Inc., MineralFields Quebec 2011 Inc., MineralFields B.C. 2011 Inc. and EnergyFields 2011 Inc. were also transferred to Marquest as part of the transaction.

The portfolio management responsibilities for the Limited Partnerships will now be performed by Gerry Brockelsby and Alice Tsang of Marquest, with support from Josephine Franks, Marquest's current Trader/Analyst. This Marquest team has worked together for many years and has extensive experience in portfolio management and research in the resource sector.

As a result of the change of portfolio manager of the Pathway Limited Partnerships, the members of the existing independent review committee (IRC) of the Pathway Limited Partnerships had their appointment automatically terminated, in accordance with the requirements of National Instrument 81-107. Marquest has accordingly reconstituted the IRC for the Pathway Limited Partnerships, with William D. Packham, John R. Anderson and Jeremy Zuker agreeing to serve as the IRC of the Pathway Limited Partnerships.

Except as described above, Marquest has no current intention to change the operations of the Limited Partnerships, including, in particular, no current intention to change their investment objectives or strategies (including provisions relating to use of derivatives or securities lending), fee structures, sub-advisors, auditors or custodian.

Marquest is a diversified Canadian asset management firm incorporated in 1985. The firm offers a range of investment products and solutions to retail and institutional investors.