Creststreet 2009 Limited Partnership proposes to provide early liquidity to
unitholders

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

TORONTO, April 27 /CNW/ - Creststreet 2009 Limited Partnership (the "Partnership") today announces it is proposing to its unitholders that the Mutual Fund Rollover Transaction (as described in the Partnership's prospectus) into Creststreet Resource Fund (the "Fund") be completed on May 28, 2010. This date is 10 months in advance of the date unitholders of the Partnership were originally expected to have liquidity on their shares of the Fund received on the Mutual Fund Rollover Transaction. Creststreet Resource Fund is one of three classes of Creststreet Mutual Funds Limited ("Mutual Fund Corporation").

The Partnership is proposing to provide early liquidity to unitholders in order to reduce or eliminate the costs associated with operating the Partnership for the another year given the relatively small fund size that has resulted from the $4.89 per unit of capital returned to investors on January 26, 2010.

In order to effect an early Mutual Fund Rollover Transaction, the Partnership plans to hold a special meeting of unitholders on May 26, 2010, at which unitholders will be asked to approve changing the dissolution date of the Partnership to May 28, 2010. A notice of meeting and management information circular will be mailed to unitholders in due course.

As of April 9, 2010, the Net Asset Value of the Partnership is $4.03 per unit. After taking into consideration the $4.89 per unit of capital returned to unitholders on January 26, 2010, have, or have received, a combined value is $8.92 per unit. In addition, unitholders have received tax savings to date of $2.36(1) per unit for a combined value plus tax savings to date of $11.28 per original $10.00 per unit investment.

    
    1) Assuming an individual investor is resident in Ontario and taxed at
    the highest marginal tax rate.
    

About Creststreet

Creststreet is an investment management firm that was founded on the premise that energy is an increasingly scarce commodity which will increase in value over time, providing attractive long-term investment opportunities. Since its inception in 2000, Creststreet has raised over $1 billion for energy investments. The firm specializes in structuring and managing high quality energy focused long only, long/short and tax-assisted investment products for Canadian and international institutional and high net worth investors.

SOURCE CRESTSTREET 2009 LIMITED PARTNERSHIP

For further information: For further information: Sheryl Chiddenton, Vice President, Compliance and Investment Services, Creststreet Asset Management Limited, Tel: (416) 864-3125, E-mail: sheryl@creststreet.com

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CRESTSTREET 2009 LIMITED PARTNERSHIP

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