Aston Hill Oil & Gas Income Fund Renews Normal Course Issuer Bid

TORONTO, Nov. 6, 2012 /CNW/ - (TSX: OGF-UN) Aston Hill Oil & Gas Income Fund (the "Fund") has renewed its normal course issuer bid to purchase up to 1,608,496 units of the Fund representing approximately 10% of the public float of 16,084,961 units.  The Fund may purchase up to 321,699 units in any 30 day period which is 2% of the 16,084,961 issued and outstanding units at October 29, 2012.

As of October 29, 2012, the Fund had purchased 292,200 units under its current bid at an average price of $4.76 per unit.

The units may be purchased for cancellation from November 8, 2012 to November 7, 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.

SOURCE: Aston Hill Asset Management Inc.

For further information:

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

Michael J. Killeen
President
Aston Hill Asset Management Inc.
(416) 583-2300


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