Canadian Small Cap Resource Fund 2007 No. 1 Limited Partnership ("the Partnership") - Final Closing of Partnership Offering -- $10.3 Million Raised For Flow-Through Investments



    /NOT FOR DISTRIBUTION IN THE UNITED STATES OR UNITED STATES WIRE
    SERVICES/

    VANCOUVER, June 28 /CNW/ - Canadian Small Cap Resource 2007 No.1
Management Ltd., the general partner of the Partnership, is pleased to
announce the second and final closing of the offering of limited partnership
units on June 26, 2007. The Partnership issued and sold 338,447 units at a
price of $10.00 per unit in the second closing, raising gross proceeds of
$3,384,470. In combination with the initial closing which occurred on May 16,
2007, the Partnership has sold a total of 1,031,054 units for gross proceeds
of $10.3 million. Canadian Small Cap Resource Fund 2007 No. 1 Management Ltd.
is a wholly owned subsidiary of NovaDX Ventures Corp.
    The 2007 offering was made on a best efforts agency basis by a syndicate
led by Blackmont Capital Inc. that includes TD Securities Inc., Berkshire
Securities Inc., Canaccord Capital Corporation, Raymond James Ltd., Pacific
International Securities Inc., IPC Securities Corp., Jory Capital Inc., Leede
Financial Markets Inc. and Union Securities Ltd.
    The Partnership's objective is to invest in a diversified portfolio of
Flow-Through Shares of Resource Issuers engaged in mineral or oil and gas
exploration in Canada, with a view to maximizing the tax benefit of an
investment in the limited partnership units. It is expected that substantially
all of the investment in the units will be fully tax deductible by investors,
with 100% of the deduction available in 2007. An additional 15% Federal
Investment Tax Credit may also be available to investors on qualified Canadian
Exploration Expenses, as may be provincial Investment Tax Credits for
investors in some provinces.
    Bolder Investment Partners has been retained as advisor to the
Partnership in respect of investment and portfolio management decisions. It
will manage the investment portfolio with a view to capital appreciation on
the Partnership's investments. The investment strategy is to invest in
Flow-Through Shares of Resource Issuers that are considered to represent good
value, have experienced and capable senior management, have a strong
exploration program in place and offer potential for future growth.
    Further information on the Partnership and a copy of the prospectus may
be obtained from any member of the offering syndicate. Details on our previous
offerings in 2004, 2005 and 2006 together with information on our portfolios
may be obtained from our website, www.cscrf.ca.
    This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to the qualification under the securities laws of such
jurisdiction.

    
    On the behalf of the General Partner:

                              Stephen Wilkinson
                           Chief Executive Officer
                         888-350-8818 / 604-633-2776
    




For further information:

For further information: Stephen Wilkinson, Chief Executive Officer,
(888) 350-8818, (604) 633-2776

Organization Profile

CANADIAN SMALL CAP RESOURCE FUND 2007 NO. 1 LIMITED PARTNERSHIP

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