Qwest Energy 2006 Flow-Through Limited Partnership

Qwest Energy 2006 Flow-Through Limited Partnership
Qwest Energy 2006-II Flow-Through Limited Partnership

Qwest Energy 2006-II Flow-Through Limited Partnership

June 19, 2008 15:19 ET

Rollover of the Qwest Energy 2006 Flow-Through Limited Partnership and Qwest Energy 2006-II Flow-Through Limited Partnership Assets to QE Funds Corp. Mutual Fund Completed

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 19, 2008) - Qwest Investment Management Corp. is pleased to announce that the assets of Qwest Energy 2006 Flow-Through Limited Partnership and Qwest Energy 2006-II Flow-Through Limited Partnership, with a combined value of $76,130,644, rolled over on a tax-deferred basis to QE Funds Corp. in exchange for Series A shares of Qwest Energy Canadian Resource Class (the "Mutual Fund Shares") on June 19th, 2008.

Qwest Energy 2006 Flow-Through Limited Partnership and Qwest Energy 2006-II Flow-Through Limited Partnership will distribute the Mutual Fund Shares received to the limited partners on or about July 31st, 2008. Both the Qwest Energy 2006 Flow-Through Limited Partnership and Qwest Energy 2006-II Flow-Through Limited Partnership will be dissolved upon completion of the distribution of the Mutual Fund Shares, being all the assets of the partnerships, to the limited partners. The Mutual Fund Shares are RRSP eligible and are redeemable at the discretion of the mutual fund shareholder.

Net Asset Values

The roll over net asset value, calculated at the close of business on June 18th, 2008, was $15.31 per limited partnership unit for the Qwest Energy 2006 Flow-Through Limited Partnership and $18.87 per limited partnership unit for the Qwest Energy 2006-II Flow-Through Limited Partnership.

About Qwest

Qwest Investment Management Corp. 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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