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Preliminary Prospectus Filed for NCE Diversified Flow-Through (06) Limited Partnership
2006-01-31

TORONTO: A preliminary prospectus for a new flow-through investment - NCE Diversified Flow-Through (06) Limited Partnership (the “Partnership”) - has been filed with the securities commissions and regulatory agencies in each of the provinces and territories in Canada.

Flow-Through Shares: The Partnership has been created for the purpose of investing in flow-through shares of certain resource companies.

It is intended that all proceeds available for investment will be allocated by the Partnership among resource companies engaged in oil and gas exploration, development and/or production, (including to a lesser extent, resource issuers involved in renewable energy exploration and development) and resource companies engaged in mining exploration, development and/or production.

The actual allocation of the Partnership’s investment portfolio will be determined based on the investment opportunities available during the investment period. The Partnership will endeavour to invest all proceeds available for investment by December 31, 2006.

Objective of the Partnership: The objective of the Partnership is to achieve capital appreciation and to maximize the tax benefits received by investors.

Tax benefits: Investors will be eligible to receive tax benefits through participation in the Partnership, including an approximately 100% deduction in 2006 of the amount of their investment based on completion of the maximum offering and on certain other assumptions as set forth in the prospectus.

Offering price: The price per unit is $25.00 with a minimum subscription of 200 units ($5,000).

Investment Advisor and Industry Advisor: The general partner has retained Sentry Select Capital Corp. to select potential investments and to provide advice on and manage the investment portfolio of the Partnership. Sentry Select is a wealth management company with gross assets under management of approximately $8.5 billion, including more than $1.4 billion in energy sector related investments. The general partner has also retained Schachter Asset Management Ltd., a Canadian investment management firm, to provide it with general oil and gas industry advice.

Management: The general partner of the Partnership is a member of the NCE Resources Group, which is an oil and gas and mining investment management organization specializing in energy investments and providing a full range of technical, operational, administrative and investor services. Since 1984, the NCE Resources Group has invested, or managed the investment of, more than $2.0 billion in the acquisition, development and exploration of resource properties and securities of resource issuers, and has entered into drilling, joint venture and other similar arrangements with more than 400 oil and gas industry participants.

Agents: The Agents on the offering are CIBC World Markets Inc., RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Capital Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., Berkshire Securities Inc., Dundee Securities Corporation, Blackmont Capital Inc., Desjardins Securities Inc., IPC Securities Corporation, Research Capital Corporation and Wellington West Capital Inc.

More information: Investor Services (broker/investor inquiries), Brian McOstrich (media inquiries) or Kevin Cohen (Corporate Secretary).Tel: 1-888-246-6656 Fax: 416-364-1197 info@sentryselect.com www.sentryselect.com


Documents (including press releases) regarding the various investment funds that are managed or advised by Sentry are provided for information purposes only and cannot be relied on to be complete, exhaustive or error-free unless the complete set of documents for any given investment fund with respect to which information is being sought is reviewed and then only on SEDAR (www.sedar.com).