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Strategic Energy Fund Cash and Exchange Offer Raises Total Gross Proceeds of $171,400,002 after Exercise of Over-Allotment for $21,400,002

Toronto/Calgary - Strategic Energy Management Corp. today announced that Strategic Energy Fund (the “Fund”) has issued an additional 1,522,006 trust units for gross proceeds of $21,400,002 pursuant to the exercise by the agents of their over-allotment option in connection with the recently closed cash and exchange offer(the “Offering”).

Gross Proceeds -Including the over-allotment option, the total gross proceeds of the Offering are $171,400,002.

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 Blackmont Capital Inc. (formerly 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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