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NCE Diversified Flow-Through (11) Limited Partnership files preliminary prospectus
2010-12-20

TORONTO: NCE Resources Group is pleased to announce that a preliminary prospectus for a new flow-through investment, NCE Diversified Flow-Through (11) Limited Partnership (the "Partnership"), has been filed with, and the receipt issued by, the securities commissions and regulatory authorities in each of the provinces and territories of Canada.

Flow-through shares: The Partnership has been created for the purpose of investing in flow-through shares of resource issuers engaged in oil and gas exploration, development and/or production, mineral exploration, development and/or production, renewable energy exploration and development, and related resource business issuers such as pipeline or service companies and utilities. The actual allocation of the Partnership's investment portfolio will be determined based on the investment opportunities available at the time of investment. The Partnership will endeavour to invest all proceeds available for investment in flow-through shares on or before December 31, 2011.

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 2011 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).

Manager and Portfolio advisor: The general partner, NCE Diversified Flow-Through (11) Corp. (the "General Partner") will retain Sentry Select Capital Inc. (the ''Manager'' or ''Sentry'') as the Manager of the Partnership, to direct the business, operations and affairs of the Partnership and provide day-to-day management services to the Partnership on behalf of the General Partner, including, without limitation, the provision of advice on and the management of the investment portfolio of the Partnership.

Management: The General Partner is a corporation incorporated under the laws of the Province of Ontario. The General Partner is a member of the NCE Resources Group, which is an oil and gas 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 $4.1 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 oil and gas industry participants.

Agents: The syndicate of agents, co-led by CIBC World Markets Inc., RBC Dominion Securities Inc., National Bank Financial Inc., includes BMO Nesbitt Burns Inc., TD Securities Inc., GMP Securities L.P., HSBC Securities (Canada) Inc., Scotia Capital Inc., Canaccord Genuity Corp., Dundee Securities Corporation, Raymond James Ltd., Macquarie Private Wealth Inc., Manulife Securities Incorporated, Desjardins Securities Inc., Industrial Alliance Securities Inc., Laurentian Bank Securities Inc., M Partners Inc., Mackie Research Capital Corporation and Wellington West Capital Markets Inc.

Sentry Investments: Sentry Investments is a Canadian wealth management company that offers a diverse range of investment products including mutual funds, hedge funds, flow-through limited partnerships, closed-end trusts and other alternative investments, covering a variety of domestic and global mandates.


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).