Qwest 2013 Oil & Gas Flow-Through Limited Partnership Completes Final Closing

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 27, 2013) -

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

Qwest Investment Management Corp. is pleased to announce that Qwest 2013 Oil & Gas Flow-Through Limited Partnership (the "Partnership") has completed its final closing of the initial public offering of units of the Partnership. For the final closing, the Partnership issued 115,891 Class CEE units of the Partnership ("CEE Units") at $25.00 per CEE Unit for total proceeds of $2,897,275; and 15,708 Class CDE units of the Partnership ("CDE Units") at $25.00 per CDE unit for total proceeds of $392,700. Total combined gross proceeds for the final closing were $3,289,975. The aggregate gross proceeds raised by the Partnership on the offering were $8,458,700 in respect of CEE Units, $2,944,350 in respect of the CDE Units and $11,403,050 in total.

On July 25, 2013, Qwest filed a final prospectus for the initial public offering of the two classes of Partnership units, a maximum offering of 800,000 CEE Units and a maximum offering of 800,000 CDE Units, in each of the provinces of Canada, except Quebec. Each class is referable to its own separate portfolio of assets.

The Partnership's investment objective is to provide exposure to quality, tax-advantaged oil and gas investments through two separate portfolios: (i) the portfolio for the CEE Units consisting primarily of Canadian Exploration Expense (CEE) Flow-Through Shares of Resource Issuers (the "CEE Portfolio"); and (ii) the portfolio for the CDE Units consisting primarily of Canadian Development Expense (CDE) Flow-Through Shares of Resource Issuers (the "CDE Portfolio"). The Partnership therefore provides the choice of investing in either the CEE Portfolio or the CDE Portfolio and any percentage combination of the CEE Portfolio or CDE Portfolio, thus allowing investors to target their specific investment requirements.

Both the CEE Portfolio and CDE Portfolio will be managed by Qwest Investment Fund Management Ltd.'s Calgary-based oil and gas portfolio management team which has extensive experience investing in oil and natural gas companies, as well as financing and structuring oil and gas related transactions.

The offering of CEE Units and CDE Units is being conducted by a syndicate of Agents led by Scotiabank and including: BMO Capital Markets., Manulife Securities Incorporated, RBC Capital Markets, Macquarie Capital Markets Canada Ltd., Raymond James Ltd., Canaccord Genuity Corp., GMP Securities L.P., Mackie Research Capital Corporation, Acumen Capital Finance Partners Limited, Burgeonvest Bick Securities Limited, Desjardins Securities Inc., Dundee Securities Ltd. and Leede Financial Markets Inc.

A prospectus containing important information relating to the CEE Units and CDE Units was filed with securities commissions or similar authorities in all of the provinces of Canada, except Quebec. Copies of the prospectus may be obtained from any of the Agents listed above or on SEDAR at www.sedar.com. These CEE Units and CDE Units are not offered for sale to residents of the United States.

About Qwest

Qwest Investment Management Corp. is an investment management firm specializing in identifying emerging trend opportunities, managing merchant banking transactions and structuring investment products in those sectors of the capital markets in which it has experience and expertise. Qwest's management team brings a wealth of experience in corporate and financial product structuring, merchant banking and investment fund management, as well as the skills and experience necessary to evaluate and manage the risk and rewards inherent in those sectors of the global markets in which we participate.

Forward Looking Statement: Certain statements included in this news release constitute forward looking statements which reflect Qwest's current expectations regarding future results or events. Words such as "may," "will," "should," "could," "anticipate," "believe," "expect," "intend," "plan," "potential," "continue" and similar expressions have been used to identify these forward-looking statements. Forward-looking statements involve significant risks and uncertainties and a number of factors could cause actual results to materially differ from expectations discussed in the forward looking statements including, but not limited to, changes in general economic and market conditions and other risk factors. Although the forward-looking statements are based on what Qwest believes to be reasonable assumptions, we cannot assure that actual results will be consistent with these forward-looking statements. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the current date and we assume no obligation to update or revise them to reflect new events or circumstances.

This communication is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. Such an offer can only be made by way of a prospectus or other applicable offering document and should be read carefully before making any investment. This release is for information purposes only. Investors should consult their investment advisor for details and risk factors regarding specific strategies and various investment products.