Canada Dominion Resources 2011 Limited Partnership Raises $47.3 Million on First Closing

TORONTO, Feb. 10 /CNW/ - Canada Dominion Resources 2011 Limited Partnership (the "Partnership"), managed by Dundee Securities Ltd. ("Dundee Securities") and sub-advised by UTA Asset Management Corp. ("UTA") and Ned Goodman Investment Counsel Limited ("NGIC" and, together with UTA, the "Sub-Advisors"), announces that it has completed the first closing of its initial public offering of limited partnership units (the "Units"). The Partnership, which is registered in all provinces and territories in Canada, sold 1,892,024 Units for gross proceeds of $47,300,600. The Partnership anticipates having a second closing on or about March 10, 2011.

The offering is being made through a syndicate of agents led by RBC Dominion Securities Inc., CIBC World Markets Inc. and Dundee Securities Ltd., and includes National Bank Financial Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Genuity Corp., HSBC Securities (Canada) Inc., Macquarie Private Wealth Inc., Manulife Securities Incorporated, Raymond James Ltd., Desjardins Securities Inc. and Wellington West Capital Markets Inc.

About Canada Dominion

Canada Dominion is a leader in flow-through share finance. Since its first partnership was introduced in 1998, Canada Dominion has successfully raised and invested over $1.2 billion in companies involved in exploration and development efforts in Canada's resource sector. The offerings of Canada Dominion, when combined with those of the flow-through limited partnerships of CMP(TM), form Canada's largest flow-through platform, raising a combined total of more than $3.9 billion in assets throughout their history.

About Dundee Securities

Dundee Securities, manager of the Partnership and the flow-through limited partnerships of Canada Dominion and of CMP, is an investment dealer and wholly owned subsidiary of Dundee Capital Markets Inc. ("Dundee Capital Markets")(TSX: DCM). Dundee Capital Markets is a full service investment bank that provides financing and advisory service for public and private companies as well as research and institutional trading services to clients in Canada, the United States and Europe. Dundee Corporation (TSX: DC.A) holds approximately 48% of Dundee Capital Markets.

About the Sub-Advisors

UTA Asset Management Corp. is a Calgary-based portfolio manager and sub-advisor providing advice in respect of resource companies in the oil and gas sector and is led by Dean Prodan.

NGIC is a wholly owned subsidiary of Dundee Corporation and is led by Ned Goodman, CFA, utilizing a team of resource specialists at Dundee Resources Limited, another wholly owned subsidiary of Dundee Corporation. NGIC also acts as the sub-advisor to Dundee Securities for the CMP family of flow-through limited partnerships and to Goodman & Company, Investment Counsel Ltd. for the Dynamic Focus+ Resource Fund and DMP Resource Class fund.

This offering is only made by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from one of the dealers noted above. Investors should read the prospectus before making an investment decision.

SOURCE Canada Dominion Resources 2011 Limited Partnership

For further information: Customer Relations Centre, 1.800.268.8186 or www.canadadominion.com; Myra Reisler, Media Relations, (416) 365-5370

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Canada Dominion Resources 2011 Limited Partnership

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Dundee Securities Ltd.

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