Creststreet 2008 Limited Partnership Fully Invested at December 2008



    
    NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES.
    

    TORONTO, Jan. 13 /CNW/ - The General Partner of Creststreet 2008 Limited
Partnership is pleased to announce that it has fully invested the net proceeds
of its offering of limited partnership units. The Partnership invests in
flow-through shares of resource companies engaged in oil, natural gas,
renewable energy and mining exploration and development in Canada. 
Creststreet expects investors to receive tax deductions equal to 100% of the
amount invested for the 2008 taxation year.
    The net asset value (NAV) of the Creststreet 2008 Limited Partnership is
now being posted on Creststreet's website at www.creststreet.com under the
Performance and NAV section.

    
    Investment Positions as at December 31, 2008:

    Investment Positions                       % of portfolio
    ----------------------------------------------------------
    TriStar Oil & Gas Ltd.                              33.0%
    ProEx Energy Ltd.                                   14.1%
    Tourmaline Oil Corp.                                11.8%
    Petrobank Energy and Resources Ltd.                 11.7%
    Huron Energy Corporation                             9.1%
    Wild River Resources Ltd                             5.8%
    Angle Energy Inc.                                    4.3%
    Exshaw Oil Corp.                                     3.2%
    Crocotta Energy Inc.                                 2.7%
    Twin Butte Energy Ltd.                               2.2%
    Open Range Energy Corp.                              1.3%
    Sure Energy Inc.                                     0.8%
    ----------------------------------------------------------
    Total net asset value                              100.0%
    ----------------------------------------------------------
    ----------------------------------------------------------
    

    About Creststreet

    Creststreet is an investment management firm specializing in structuring
and managing high-quality energy focused investment products for Canadian and
international institutional and high-net worth investors. Since inception in
2000, Creststreet has raised over $970 million for investment in resource and
renewable energy companies.





For further information:

For further information: Grant Bunker, Vice President, Business
Development, Creststreet Asset Management Limited, (416) 628-2161,
gbunker@creststreet.com

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CRESTSTREET 2008 LIMITED PARTNERSHIP

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