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Strategic Energy Fund (TSX: SEF.UN) files final prospectus for the Exchange Offer
Toronto/ Calgary: Strategic Energy Management Corp. is pleased to announce that Strategic Energy Fund (the “Fund”) has filed and received a receipt from the securities regulators across Canada for a final prospectus qualifying units of the Fund (the “Fund Units”) to be issued in connection with its Exchange Offer.Deposit date and closing: The Exchange Offer was open for acceptance by holders of securities of the Issuers until 4:00 p.m. (Toronto time) on May 28, 2007 (the “Deposit Date”). The closing is expected to occur on or about June 8, 2007.Exchange ratios: The exchange ratios for all Issuers were announced in a news release on May 29, 2007.Dealer manager: National Bank Financial Inc. has been engaged as the dealer manager for the Exchange Offer.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, 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.Trading information: Strategic Energy Fund units trade on the Toronto Stock Exchange under the symbol SEF.UN.Restrictions: The Exchange Offer is not a take-over bid for any of the Issuers and is not, and under no circumstances is to be construed as, an offering of any Fund Units for sale in the United States or to any resident thereof.More information: Investor Services (broker/investor inquiries) or Kinga Lam (media inquiries) Tel: 1-888-246-6656 Fax: 416 364-1197 This news release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, the future performance of the Fund, including the potential for future distributions. These statements reflect Sentry Select’s current expectations, but are subject to a number of risks and uncertainties. Due to the many risks and uncertainties, Sentry Select cannot assure that the forward-looking statements contained in this news release will be realized.

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