Salida Capital LP
TSX : SWP.UN

March 22, 2013 07:00 ET

Salida Wealth Preservation (Listed) Fund Announces Termination of Fund

TORONTO, ONTARIO--(Marketwire - March 22, 2013) -

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

Salida Capital LP (the "Manager") (TSX:SWP.UN), as manager of the Salida Wealth Preservation (Listed) Fund (the "Fund") announces that it has determined that it would be in the best interests of holders of units (the "Units") of the Fund ("Unitholders") to terminate the Fund. The Manager anticipates that the Fund's termination will occur on or about April 30, 2013. Accordingly, the Units will no longer be listed on the Toronto Stock Exchange as at the close of business on or about April 23, 2013.

The Fund will settle the forward agreement through which it gains exposure to a portfolio of securities owned by Salida Wealth Preservation Fund S.à.r.l., which invests primarily in the securities of natural resource issuers. Following the settlement, the Fund will distribute to Unitholders their pro rata portion of the remaining assets of the Fund, after all liabilities of the Fund have been satisfied or provided for.

In accordance with the trust agreement governing the Fund, the right of Unitholders of the Fund to require payment for their Units (redemption) shall be suspended. Payment to Unitholders is expected to be made on or about May 3rd, 2013 through CDS Clearing and Depository Services Inc. Unitholders need not take any action to receive the payment.

About Salida Capital LP:

Founded in 2001, Salida Capital is a natural resources investment management firm based in Toronto. 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.

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