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President of Strategic Energy Fund’s (TSX: SEF.UN) Manager Announces Resignation

Toronto/Calgary: Strategic Energy Management Corp. announces that Gordon Thompson has tendered his resignation and will relinquish his duties as President and Chief Operating Officer effective March 31, 2006. Strategic Energy Management Corp. serves as the Manager of Strategic Energy Fund.

John Driscoll, Chairman and Chief Executive Officer, will assume the responsibilities of President until such time when a successor to Mr. Thompson can be appointed. “Gord Thompson has made a tremendous contribution to the growth and success of Strategic Energy Fund,” Mr. Driscoll said. “Under his leadership, the Fund’s assets have increased from $20 million to more than $240 million and the Fund is now very well-positioned to attract additional capital from investors in order to exploit opportunities in Canada’s oil and gas sector,” Mr. Driscoll added.

Strategic Energy Fund: Strategic Energy Fund is an investment trust that seeks to provide unitholders with superior rates of return through a diversification strategy focused on investment opportunities within the Canadian energy sector. The Fund invests in established companies, as well as early-stage energy companies and to a lesser extent special energy issuers, each with prospects for high growth in the near to medium term and the potential for long-term capital appreciation.

The Fund’s investments in established companies, including energy royalty and income trusts, are made with a view to generate sufficient income to permit the Fund to make monthly cash distributions to unitholders.

Investments in early-stage energy companies are focused on both private and public issuers with strong, experienced management teams that have proven track records of enhancing shareholder value and successfully executing exit strategies. As well, the Fund may invest in undervalued issuers where Sentry Select Capital Corp., investment advisor to the Fund, believes that capital appreciation can be realized.

Trading Information: Strategic Energy Fund units trade on the Toronto Stock Exchange under the symbol SEF.UN.

Sentry Select Capital Corp.: The Investment Advisor is Sentry Select Capital Corp., 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.

More information: Investor Services (broker/investor inquiries), Brian McOstrich (media inquiries),Katherine Pawling (Corporate Secretary)

Tel: 1-888-246-6656 Fax: 416 364-1197

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 (