Salida Wealth Preservation (Listed) Fund Announces Exercise of Over-Allotment Option

TORONTO, ONTARIO--(Marketwire - May 17, 2011) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Salida Capital LP ("Salida") is pleased to announce that the syndicate of agents for the initial public offering of the Salida Wealth Preservation (Listed) Fund (the "Fund") has exercised its over-allotment option for an additional 78,000 units of the Fund. In total, the Fund has issued 4,078,000 units, for gross proceeds of $40,780,000. The units of the Fund are listed for trading on the Toronto Stock Exchange under the symbol "SWP.UN."

The Fund's investment objectives are to:

The Fund will seek to achieve its investment objectives by obtaining economic exposure to the Salida Wealth Preservation Portfolio (the "Portfolio") managed by Salida. The Portfolio will invest primarily in equity securities of natural resources focused issuers, specifically those involved in energy, precious metals and base metals.

The syndicate of agents was led by CIBC and included National Bank Financial Inc., TD Securities Inc., Canaccord Genuity Corp., GMP Securities L.P., HSBC Securities (Canada) Inc., Macquarie Private Wealth Inc., Wellington West Capital Markets Inc., Raymond James Ltd., Desjardins Securities Corporation, Dundee Securities Ltd., Mackie Research Capital Corporation and Manulife Securities Incorporated.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Salida Capital LP:

Salida Capital is a natural resources investment management firm based in Toronto with over $850 million in assets under management. Salida and its experienced team of investment professionals specialize in natural resource investing with key sectors of focus being energy, precious metals, base metals and agriculture. Salida takes an active, opportunistic management style when investing in private, small, mid and large cap resource companies. The firm was founded in 2001 by Daniel Guy, Chief Investment Officer, following a career at investment management firms including First Marathon Securities Limited. Mr. Guy brings more than 17 years of natural resources investment management experience to the firm, with extensive expertise in portfolio management, equity research and trading. Brian Trenholm, Portfolio Manager of the Wealth Preservation Fund, joined Salida in 2004 and has over 17 years of industry experience. Prior to joining Salida, Mr. Trenholm served as a portfolio manager with Agilerus Investment Management Limited.