Sentry Select Capital Inc.

Sentry Select Capital Inc.
NCE Diversified Flow-Through (09) Limited Partnership

NCE Diversified Flow-Through (09) Limited Partnership

March 31, 2009 11:10 ET

NCE Diversified Flow-Through (09) Limited Partnership Completes Second Closing, Raises $13,303,800

TORONTO, ONTARIO--(Marketwire - March 31, 2009) - NCE Resources Group is pleased to announce that NCE Diversified Flow-Through (09) Limited Partnership (the "Partnership") has completed its second closing, raising $13,303,800. The Partnership has raised total gross proceeds of $51,767,950 issuing 2,070,718 units.

Final closing

The final closing is expected to occur on or about April 17, 2009.

Flow-through shares

The Partnership has been created for the purpose of investing in flow-through shares of resource companies engaged in oil and gas exploration, development and/or production, mineral exploration, development and/or production and, to a lesser extent and subject to certain limitations, resource companies engaged in renewable energy exploration and development. The actual allocation of the Partnership's investment portfolio will be determined based on the investment opportunities available during the investment period. The Partnership will endeavour to invest all proceeds available for investment by December 31, 2009.

Objective of the Partnership

The objective of the Partnership is to achieve capital appreciation and to maximize the tax benefits received by investors.

Tax benefits

It is expected that investors will be eligible to receive tax benefits through participation in the Partnership, including a potential deduction in 2009 of approximately 100% of the amount of their investment based on certain assumptions as set forth in the prospectus.

Offering price

The price per unit is $25.00 with a minimum subscription of 200 units ($5,000).

Management

NCE Diversified (09) Management Corp. (the "General Partner") will manage the ongoing business and administrative affairs of the Partnership. The General Partner is a corporation formed under the laws of the Province of Ontario. The General Partner is a member of NCE Resources Group, which is an oil and gas investment management organization specializing in energy investments, and providing a full range of technical, operational, administrative and investor services. Since 1984, NCE Resources Group has invested or managed the investment of more than $4.1 billion in the acquisition, development and exploration of resource properties and securities of resource companies, and has entered into drilling, joint venture and other similar arrangements with oil and gas industry participants.

Investment advisor

The General Partner has retained Sentry Select Capital Inc. ("Sentry Select") to select potential investments and to provide advice on and manage the investment portfolio of the Partnership. Sentry Select is a Canadian wealth management company that offers a diverse range of investment products including closed-end funds, mutual funds, principal-protected notes and flow-through limited partnerships, covering a variety of domestic and global mandates.

Agents

The syndicate of agents, co-led by CIBC World Markets Inc. and RBC Dominion Securities Inc., includes BMO Nesbitt Burns Inc., National Bank Financial Inc., TD Securities Inc., Scotia Capital Inc., Canaccord Capital Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., Dundee Securities Corporation, Blackmont Capital Inc., Manulife Securities Incorporated, Wellington West Capital Markets Inc., Burgeonvest Securities Limited, Desjardins Securities Inc., GMP Securities L.P., Industrial Alliance Securities Inc., Jory Capital Inc., Laurentian Bank Services Inc., M Partners Inc. and Research Capital Corporation.

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect," "intend," "will" and similar expressions to the extent they relate to the Partnership. The forward-looking statements are not historical facts but reflect NCE Resources Group's and the General Partner's 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 NCE Resources Group and the General Partner believe 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. NCE Resources Group and the General Partner undertake 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.

Please see the prospectus dated January 20, 2009 (the "Prospectus") for a complete description of NCE Diversified Flow-Through (09) Limited Partnership. This offering is only made by Prospectus. The Prospectus contains important detailed information about the securities being offered. Copies of the prospectus can be obtained from Lovena Doodahnand, Resource Centre, CIBC World Markets, Direct: 416-594-7266. Investors should read the Prospectus before making an investment decision. There are a number of risks associated with this type of investment. These investments are generally speculative in nature.



Sentry Select Capital Inc.
The Exchange Tower
130 King Street West
Suite 2850, P.O. Box 104
Toronto, Ontario M5X 1A4
Telephone: (416) 861-8729
Fax: (416) 364-5615

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