CGE Resources Québec 2011 L.P. Announces its final closing

POINTE-CLAIRE, QC, May 25, 2011 /CNW Telbec/ - CGE Québec 2011 General Partner Inc. on behalf of CGE Resources Québec 2011 L.P. (the 'Partnership') is pleased to announce it has completed its third and final closing of units for the previously announced initial public offering of the Partnership.

The gross proceeds raised are $2,905,900 for total gross proceeds of $11,204,125.

The Partnership will primarily invest in flow-through shares of resource issuers engaged in mining exploration, and, in oil and gas exploration, principally in the province of Québec, with a view to maximizing the tax benefit of an investment in the units, and achieving capital appreciation. The funds of the Partnership will be invested in a manner so that limited partners will be entitled to claim tax deductions for income tax purposes during the 2011 and subsequent taxation years.

The units are being offered through a syndicate of agents co-led by Desjardins Securities Inc. and National Bank Financial Inc. and including Laurentian Bank Securities Inc., Industrial Alliance Securities Inc., and Mackie Research Capital Corporation.

Headquartered in Pointe-Claire (Montreal), CGE Québec 2011 General Partner Inc. is the general partner of the Partnership and Le Centre Financier CGE Inc. is the manager of the Partnership. The CGE group of entities has been very active, since 2006, in the management of diversified flow-through portfolios with assets mainly from Québec-based resource exploration entities.

For further information, please contact our Customer Service Center at 1-866-987-1455 or visit our website at www.cgeresources.com.

SOURCE CGE RESOURCES L.P.

For further information:

Me Éloïse Gagnon, LL.M. Fisc.
President
CGE Québec 2011 General Partner Inc.
(514) 987-1455
1-866-987-1455
Clément C. Gagnon, MBA
Director
CGE Québec 2011 General Partner Inc.
(514) 987-1455
1-866-987-1455

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CGE RESOURCES L.P.

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