AGS Energy 2006-2 Limited Partnership Upcoming Rollover and Dissolution



    TORONTO, Aug. 25 /CNW/ - AGS Energy 2006-2 Limited Partnership (the
"Partnership") is pleased to announce that the rollover of the Partnership to
AGS Lawrence Resource Fund Ltd., an open-end mutual fund corporation (the
"Mutual Fund") will take place on September 30, 2008.
    The assets of the Partnership will be transferred to the Mutual Fund in
exchange for shares of the Mutual Fund having an aggregate net asset value
equal to the value of the transferred assets. These transfers will occur on a
tax-deferred basis. As of September 30, 2008, the Partnership will be
dissolved and Limited Partners will automatically become shareholders of the
Mutual Fund effective immediately.
    Shares of the Mutual Fund will be redeemable by shareholders at their net
asset value on the last business day of each week commencing on October 10,
2008 under the fund code LAW301. Investors who wish to redeem their Mutual
Fund shares must contact their brokers or dealers to exercise the redemption
option. The redemption price for Mutual Fund shares will be paid within three
business days. There is no redemption fee.

    Lawrence Asset Management Inc. is manager and AGS Resource Management
Inc. is consultant to the Mutual Fund. The Mutual Fund's investment objective
is to achieve long-term capital growth by investing primarily in equity
securities of Canadian resource issuers engaged in oil and gas exploration and
to a lesser extent, mining exploration. The manager and the consultant will
assist the Mutual Fund in selecting investments in common shares and other
securities of resource issuers, including junior resource issuers, in
accordance with the investment strategies that may include short selling of
securities. The Mutual Fund is not a reporting issuer.

    %SEDAR: 00023901E




For further information:

For further information: Investor Relations, Catherine Stretch, (416)
362-6283, info@lawrenceasset.com

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AGS ENERGY 2006-2 LIMITED PARTNERSHIP

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