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Strategic Energy Management Announces Closing of Strategic Energy Fund Cash and Exchange Offer; $150,000,000 Raised

Toronto/Calgary - Strategic Energy Management Corp. today announced the closing of the Strategic Energy Fund (the "Fund") cash and exchange offer(the "Offering").

Gross Proceeds - At the closing, the Trust issued 10,668,259 units for total gross proceeds of $150,000,000.

Over-Allotment OptionThe Fund has granted to the agents for the Offering an option to purchase up to 1,600,239 units for a period of 30 days following the closing of the Offering solely to cover over-allotments of units.

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. Sentry Select Capital Corp. - The Investment Advisor of the Fund is Sentry Select Capital Corp., which is a wealth management company with gross assets under management in excess of $7 billion, including more than $1.4 billion in energy sector-related investments.

Agents - The syndicate for the Offering was co-led by First Associates Investments Inc. and Canaccord Capital Corporation and also included HSBC Securities (Canada) Inc., Raymond James Ltd., Berkshire Securities Inc., Desjardins Securities Inc., Dundee Securities Corporation, Wellington West Capital Inc., GMP Securities Ltd., Industrial Alliance Securities Inc., IPC Securities Corporation, Jory Capital Inc., Research Capital Corporation, Rothenberg Capital Management Inc. and Octagon Capital Corporation.

More Information - Investor Services for broker/investor inquiries or Brian McOstrich for media inquiries. Tel: 1-888-246-6656 Fax: 416-364-1197

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