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NCE Resources Group provides revised capital gains guidance for 2011

TORONTO, ONTARIO--(Marketwire - Dec. 21, 2011) - NCE Resources Group ("NCE") announces the revised estimated gross capital gains for the following flow-through limited partnerships (the "Partnerships"):

NCE Diversified Flow-Through (10) Limited Partnership: $17.51 per unit*

NCE Diversified Flow-Through (11) Limited Partnership: $10.62 per unit*

The estimated capital gains are the result of the Partnerships having invested in a number of companies that were sold, merged or taken over in 2011. These transactions resulted in capital gains, which the Partnerships are required to report on T5013A tax slips by March 31, 2012 issued to limited partners. The figures above are estimates only and may differ from the final amounts. Furthermore, these estimates are for information purposes only and are not intended as legal or tax advice. Limited partners should consult their own legal or tax advisors.

Sentry Investments

Sentry Investments is a Canadian asset management company with approximately $6.5 billion in assets under management on behalf of Canadian investors. We offer a diverse range of investment products including mutual funds, hedge funds, flow-through limited partnerships and other alternative investment products. Since 1997, Sentry Investments has managed the investment portfolios of 23 Flow-Through Limited Partnerships totalling $1.5 billion. Sentry Investments was recognized as Canada's Best Equity Fund Family at the Lipper Fund Awards 2011 and was one of only five companies in 2011 to receive the prestigious Brendan Wood International TopGun Asset Management Team Award.

*It should be noted that 50% of the capital gains are taxable.

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect," "intend," "will" and similar expressions to the extent they relate to the Partnerships. The forward-looking statements are not historical facts but reflect the Partnerships' current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the actual amount of any capital gains for the Partnerships. Although the Partnerships believe that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. For a complete disclosure record of the Partnerships, please visit their respective profiles at The Partnership undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

Sentry Investments Inc.
Commerce Court West
199 Bay Street, Suite 4100, P.O. Box 108
Toronto, ON M5L 1E2
Tel: 416-364-9297
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 (