Qwest Energy 2007 Flow-Through Limited Partnership

Qwest Energy 2007 Flow-Through Limited Partnership

April 26, 2007 13:13 ET

Qwest Energy 2007 Flow-Through Limited Partnership: Final Closing Announcement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 26, 2007) - Qwest Energy is pleased to announce that Qwest Energy 2007 Flow-Through Limited Partnership (the "Partnership") completed the final closing of its public offering of Partnership Units on April 26, 2007. The Partnership raised a total of $23,615,200 (944,608 Units of the Partnership) for investment in flow-through shares issued by oil and gas companies and, to some extent, shares in the mining and alternative energy sectors. Qwest Energy expects the Partnership's investors will receive a tax deduction of 100% for the 2007 taxation year on the amount of their investment in the Partnership.

Agents for Partnership

Agents for the Partnership's offering included Dundee Securities Corporation, CIBC World Markets Inc., RBC Capital Markets, BMO Nesbitt Burns Inc., Scotia Capital Inc., National Bank Financial Inc., TD Securities Inc., Canaccord Capital Corporation, Raymonnd James Ltd., Wellington Wes Capital Inc., GMP Securities L.P., Berkshire Securities Inc., HSBC Securities (Canada) Inc., Bieber Securities Inc., Blackmont Capital Inc.

About Qwest Investment Management

Qwest Investment Management is an investment management firm which specializes in identifying, structuring and managing investment products. Qwest Investment Management is currently focused on investments in the natural resource sector.

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