Catapult Energy Small Cap 2007 FTS Limited Partnership completes $6.94 million IPO



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    CALGARY, June 29 /CNW/ - Catapult Energy Small Cap 2007 FTS Limited
Partnership (the "Partnership") announced today that it has completed the
final closing of its initial public offering. Under the two closings, the
Partnership issued a total of 277,660 limited partnership units at $25.00 per
unit for gross proceeds of approximately $6.94 million.
    The Offering was co-led by CIBC World Markets Inc., RBC Dominion
Securities Inc. and Canaccord Capital Corporation, and the syndicate of agents
included Scotia Capital Inc., BMO Nesbitt Burns Inc., TD Securities Inc.,
Dundee Securities Corporation, GMP Securities L.P., Peters & Co. Limited,
Raymond James Ltd., Blackmont Capital Inc., Desjardins Securities Inc.,
Haywood Securities Inc., Jennings Capital Inc. and Research Capital
Corporation.
    The Partnership's investment objectives are to: (a) achieve capital
appreciation through investment in a diversified portfolio of equity
securities of select small cap Resource Issuers identified by Catapult
Financial Management Inc., the Partnership's investment advisor, and (b)
maximize tax benefits for investors by purchasing Flow-Through Shares of
Resource Issuers. The Partnership will invest primarily in Resource Issuers
that will incur Canadian Exploration Expense ("CEE") and that are engaged in
oil and gas exploration and development, including the oil sands sector. For
more information on the Partnership's investment strategy, criteria and
restrictions, please see the Partnership's prospectus at www.sedar.com.

    Catapult Energy Management 2007 Inc. is the general partner of the
Partnership and is a wholly-owned subsidiary of Aston Hill Financial Inc.
(TSXV:AHF).

    Aston Hill Financial Inc. (formerly known as Overlord Financial Inc.) is
a Calgary-based asset management company with expertise in the junior oil and
gas sector, energy based trusts, oil and gas property management, private
equity and high yield structured products.

    Catapult Energy Management 2007 Inc.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.




For further information:

For further information: Eric Tremblay, Chief Executive Officer, (403)
770-4817; Joanne A. Hruska, President, (403) 770-4814; Larry Titley, Chief
Financial Officer, (403) 770-4808

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Aston Hill Financial Inc.

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