Update on Termination of Salida Wealth Preservation (Listed) Fund

TORONTO, ONTARIO--(Marketwired - April 16, 2013) -

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

Salida Capital LP (the "Manager"), as manager of the Salida Wealth Preservation (Listed) Fund (the "Fund") (TSX:SWP.UN), announces that the Fund will terminate as previously announced on April 30, 2013. The Fund has applied to be voluntarily delisted from the Toronto Stock Exchange effective at the close of business on 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 (at the net asset value per unit).

The Fund is expected to make this final distribution on or about May 3, 2013 through CDS Clearing and Depository Services Inc. The Fund will cease to be a reporting issuer under applicable securities laws in all provinces and territories of Canada.

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.