Canada Dominion Resources 2010 Limited Partnership Files Preliminary
Prospectus

TORONTO, Feb. 5 /CNW/ - Canada Dominion Resources 2010 Limited Partnership (the "Partnership") announces that it has filed a preliminary prospectus relating to an initial public offering of limited partnership units of the Partnership ("Units") in all the provinces and territories of Canada. The maximum offering is $100 million (4,000,000 Units). The Units are being offered at a price of $25.00 per Unit, subject to a minimum subscription of two hundred Units for $5,000, payable in full at time of subscription.

The Partnership's investment objective is to provide a tax-assisted investment in a diversified portfolio of flow-through shares and other securities, if any, of resource companies with a view to earning income and achieving capital appreciation for limited partners. The Partnership will enter into share purchase agreements with resource companies under which such companies will agree to issue flow-through shares and other securities, if any, to the Partnership, incur Canadian exploration expenses ("CEE") in carrying out exploration in Canada and renounce CEE to the Partnership. Limited partners with sufficient income will be entitled to claim deductions for Canadian federal income tax purposes in respect of CEE incurred and renounced to the Partnership and may be entitled to certain investment tax credits deductible from tax payable. The Partnership intends to provide liquidity to limited partners prior to July 1, 2012, when the Partnership intends to complete an exchange transaction ("Mutual Fund Rollover Transaction") with Dynamic Managed Portfolios Ltd. ("DMP Ltd."), pursuant to which limited partners will receive redeemable DMP Resource Class shares on a tax-deferred basis. DMP Ltd., an open-ended mutual fund corporation, offers multiple classes of mutual fund shares (the "DMP Funds"), including DMP Resource Class.

A preliminary prospectus containing important information relating to these securities has been filed with securities commissions or similar authorities in certain jurisdictions of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from any of the syndicate agents listed below. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.

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

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 nearly $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 $3.7 billion in assets throughout their history. Goodman & Company, Investment Counsel Ltd. ("Goodman & Company"), manager of the Partnership, the flow-through limited partnerships of Canada Dominion and of CMP and the DMP Funds, also manages the mutual funds, hedge funds and closed-end investment trusts of Dynamic Funds(TM), the portfolio solutions of the Marquis Investment Program, and the high-net worth investment counsel of Goodman Private Wealth Management. Goodman & Company is a wholly owned subsidiary of DundeeWealth Inc. (TSX: DW).

SOURCE GOODMAN & COMPANY, INVESTMENT COUNSEL LTD.

For further information: For further information: Customer Relations Centre, Goodman & Company, Investment Counsel Ltd., 1-800-268-8186 or www.canadadominion.com; Myra Reisler, Media Relations, (416) 365-5370


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