Aston Hill Advantage Oil & Gas Income Fund renews normal course issuer bid

TORONTO, April 11, 2012 /CNW/ - (TSX: AOG-UN) Aston Hill Advantage Oil & Gas Income Fund (the "Fund") has renewed its normal course issuer bid to purchase up to 864,616 units of the Fund representing approximately 10% of the public float of 8,646,168 units.  The Fund may purchase up to 172,923 units in any 30 day period which is 2% of the 8,646,168 issued and outstanding units at April 5, 2012.

As of April 6, 2012, the Fund had purchased 278,900 units under its current bid at an average price of $5.28 per unit.

The units may be purchased for cancellation from April 13, 2012 to April 12, 2013 through the facilities of the TSX or other eligible alternative market and may only be purchased at a price per unit not exceeding the last published net asset value per unit.  The Manager of the Fund believes that such purchases are in the best interest of the Fund and are a desirable use of its available funds.

Further information on the Fund is available at www.astonhill.ca.

SOURCE Aston Hill Asset Management Inc.

For further information:

Michael J. Killeen
President
Aston Hill Asset Management Inc.
(416) 861-9152


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